Han Peng 4/A

What Happened

• Han Peng, COO of Kustom Entertainment, received a grant of stock options on January 22, 2026. The Form 4 reports a derivative acquisition of 22,500 shares (see footnote on the reverse split) and the Board awarded options to acquire 58,333 shares effective the same date. The exercise price is $2.04 per share (the Nasdaq closing price on 1/22/2026), which would require roughly $119,000 to exercise all 58,333 options. The options vest 100% on January 22, 2027, contingent on the Reporting Person remaining an officer on that date. This is an award (no shares sold or bought in the open market).

Key Details

• Transaction date: January 22, 2026 (Form filed as an amendment on March 2, 2026).
• Reported in table: 22,500 derivative shares acquired (footnote states 58,333 options granted).
• Exercise price: $2.04 per share (closing price on 1/22/2026). Implied exercise cost for 58,333 options ≈ $119,000.
• Vesting: 100% vests on January 22, 2027, contingent on continued service as an officer.
• Footnotes: F1 notes a reverse stock split on January 8, 2026 (affects reported share counts). F2 describes the option award details above.
• Shares owned after transaction: Not specified in this Form 4.
• Filing status: This is an amended Form 4 (the amendment corrects Table II from the original filing).

Context

• These are option awards (a derivative grant), not an immediate purchase or sale; no proceeds were realized at grant. The options simply give the right to buy shares at $2.04 each if/when exercised after vesting. The reverse split footnote explains why the table reports a different share count than the number of options described in the footnotes.