REALLOYS INC. Stock Compensation Disclosure
6. Incentive Stock Plan
On August 4, 2021, our Board of Directors created and our stockholders approved the 2021 Blackboxstocks, Inc. Incentive Stock Plan (the “2021 Plan”) which became effective August 31, 2021. Effective October 7, 2022, the Company’s Stockholders approved an amendment and restatement of the 2021 Plan to increase the numbers of issuable shares from 187,500 to 312,500. On February 6, 2023 the Company’s stockholders approved the amendment and restatement the 2021 Plan to increase the number of shares available for issuance from 312,500 to 612,500 shares. The 2021 Plan allows the Company, under the direction of the Board of Directors or a committee thereof, to make grants of stock options, restricted and unrestricted stock and other stock-based awards to employees, including our executive officers, consultants and directors.
During the year ended December 31, 2025, the Company calculated the fair value of the options granted based on assumptions used in the Cox-Ross-Rubinstein binomial pricing model using the following inputs: the price of the Company’s common stock on the date of issuance; risk-free interest rate of 4.43%, expected volatility of 153% based on the volatility of the Company’s common stock, exercise price of $3.46, and terms of 10 years.
During the year ended December 31, 2024, 23,130 shares of restricted common stock were granted. The restricted shares, valued at $92,850, were vested at issuance.
During the year ended December 31, 2025, 164,287 shares of restricted common stock valued at $1,365,077 were granted. The restricted common stock all vested during 2025. Approximately 77,500 restricted shares issued were not covered by 2021 Plan including 50,000 shares of restricted common stock valued at $534,450 issued to Robert Winspear, CFO.
The following table presents the Company’s options as of December 31, 2025 and 2024:
|
Number of Shares |
Weighted Average Exercise Price |
Weighted Average Remaining Life (in years) |
||||||||||
|
Options as of December 31, 2023 |
215,625 | $ | 8.97 | 8.37 | ||||||||
|
Issued |
- | $ | - | - | ||||||||
|
Forfeited |
(71,500 | ) | $ | 6.03 | 6.56 | |||||||
|
Exercised |
- | $ | - | - | ||||||||
|
Options as of December 31, 2024 |
144,125 | $ | 9.09 | 7.35 | ||||||||
|
Issued |
15,000 | $ | 3.46 | 10.00 | ||||||||
|
Forfeited |
- | $ | - | - | ||||||||
|
Exercised |
(26,500 | ) | $ | 3.65 | 8.50 | |||||||
|
Options as of December 31, 2025 |
132,625 | $ | 9.54 | 6.45 | ||||||||
During the years ended December 31, 2025 and 2024, stock based compensation related to options totaled $51,222 and $190,796, respectively.
At December 31, 2025, options to purchase 132,625 shares were vested and options remained unvested.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 23, 2026 | Showing above |
| 2018 | Apr 19, 2019 | |
About Stock Compensation Disclosures
Stock-based compensation disclosures detail the equity awards granted to employees and executives — including stock options, restricted stock units (RSUs), and performance shares — along with the valuation methods and assumptions used to expense them. This section reveals the true cost of talent retention and the alignment between management incentives and shareholder interests.
Key signals: total unrecognized compensation expense and its expected recognition period signal future earnings headwinds from already-granted awards. For stock options, examine Black-Scholes assumptions — expected volatility, risk-free rate, and expected term — as understating any of these reduces reported compensation expense. Compare stock compensation expense as a percentage of revenue against peers to assess dilution cost. Watch vesting schedules for acceleration clauses tied to change-of-control events. Performance-based awards with undemanding targets may indicate weak governance. Add back stock compensation to operating cash flow to calculate a more conservative free cash flow figure.