Thomas Hans 4
4 · CEA Industries Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
CEA Industries (BNC) Director Thomas Hans Exercises Warrants
What Happened
Thomas Hans, a director of CEA Industries (ticker: BNC), reported exercising 831,683 strategic-advisor warrants into common stock on October 8, 2025 (exercise reported at $0.00). The Form 4 also shows several other derivative transfers and assignments: dispositions of 350,000 (Sept 22, 2025), 2,376,239 (Oct 1, 2025) and 250,000 (Dec 3, 2025) warrants/derivative interests, plus an acquisition entry for 831,683 warrants on Oct 1, 2025. All reported transactions list $0 consideration and relate to derivative instruments (warrants), not open-market cash trades.
Key Details
- Primary exercise: 831,683 warrants converted to common shares on 2025-10-08; reported price $0.00.
- Other reported derivative transactions: 350,000 (2025-09-22, disposition), 2,376,239 (2025-10-01, disposition), 831,683 (2025-10-01, acquisition), 250,000 (2025-12-03, disposition). All reported at $0.00.
- Filing date: March 2, 2026; period covered includes Sept–Dec 2025 — filing was submitted several months after the transactions.
- Shares owned after the transactions: not specified in the provided filing details.
- Notable footnotes: F1 = exercise of warrants; F3/F5/F7 = assignments/transfers of Strategic Advisor Warrants among 10X-related parties; F2/F4/F6 = Hans is/was manager of several 10X entities and disclaims beneficial ownership except to extent of pecuniary interest.
Context
These entries involve warrants and internal transfers among related 10X entities rather than typical open-market buys or sales. The $0.00 amounts and footnotes indicate exercises and assignments (including transfers to third parties and between 10X affiliates) rather than standard cash purchases; such transfers and manager-disclaimers mean these moves may reflect contractual/organizational actions more than a director’s independent market bet.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2025-10-08+831,683→ 831,683 total(indirect: By LLC) - Other
Warrants to purchase Common Stock
[F3][F4]2025-09-22−350,000→ 640,099 total(indirect: By LLC)Exercise: $10.23From: 2025-08-05Exp: 2030-08-05→ Common Stock (350,000 underlying) - Other
Warrants to purchase Common Stock
[F3][F4]2025-12-03−250,000→ 390,099 total(indirect: By LLC)Exercise: $10.23From: 2025-08-05Exp: 2030-08-05→ Common Stock (250,000 underlying) - Other
Warrants to purchase Common Stock
[F5][F6]2025-10-01−2,376,239→ 0 total(indirect: By 10X BNB Cayman Sponsor)Exercise: $0.00From: 2025-08-05Exp: 2032-08-05→ Common Stock (2,376,239 underlying) - Other
Warrants to purchase Common Stock
[F7][F2]2025-10-01+831,683→ 831,683 total(indirect: By LLC)Exercise: $0.00From: 2025-08-05Exp: 2032-08-05→ Common Stock (831,683 underlying) - Exercise/Conversion
Warrants to purchase Common Stock
[F1][F2]2025-10-08−831,683→ 0 total(indirect: By LLC)Exercise: $0.00From: 2025-08-05Exp: 2032-08-05→ Common Stock (831,683 underlying)
Footnotes (7)
- [F1]Reflects the exercise of certain warrants for shares of common stock.
- [F2]Reporting Person is the manager of 10X LLC and may be deemed to have beneficial ownership of the securities held by 10X LLC. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- [F3]Reflects the effective assignment of such warrants to a third-party.
- [F4]Reporting Person is the manager of 10X Capital Partners LLC and may be deemed to have beneficial ownership of the securities held by 10X Capital Partners LLC. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- [F5]On October 1, 2025, 10X BNB Cayman Sponsor transferred and assigned 100% of its Strategic Advisor Warrants to certain members of 10X BNB Cayman Sponsor and third-parties, resulting in 10X BNB Cayman Sponsor beneficially owning no warrants following the transaction. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- [F6]Reporting Person was the manager of 10X BNB Cayman Sponsor and may be deemed to have beneficial ownership of the securities held by 10X BNB Cayman Sponsor. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- [F7]On October 1, 2025, 10X LLC received 831,683 Strategic Advisor Warrants that were assigned from 10X BNB Cayman Sponsor. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.