Director Frederick W. Driscoll filed a Form 4 with the SEC on October 26, 2026, disclosing the acquisition of a stock option to purchase 100,000 shares of Lite Strategy, Inc. (NASDAQ:LITS) common stock, granted on October 22, 2026.

Key Highlights

  • Grant date: October 22, 2026, with an expiration date of October 22, 2036.
  • Option size: 100,000 shares of common stock subject to the stock option (right to buy).
  • Exercise price: $1.19 per share, acquired at a price of $0 to the reporting person.
  • Vesting schedule: 25.0% vested on the grant date; the remaining shares vest in nine equal monthly installments on the last day of each calendar month following the grant date, becoming fully vested on June 30.
  • Grant description: The filing describes this as a "customary annual grant to non-employee directors of options to purchase shares of common stock," received as compensation for Board service.
  • Beneficial ownership following transaction: 100,000 derivative securities (stock options), held directly.

Frederick W. Driscoll's October 2026 Option Grant at Lite Strategy

According to the filing, Frederick W. Driscoll, a director of Lite Strategy, Inc., acquired a stock option to purchase 100,000 shares of the company's common stock on October 22, 2026. The option carries an exercise price of $1.19 per share and expires on October 22, 2036. The filing reports the price of the derivative security as $0, indicating no cash outlay by Driscoll to receive the grant.

The filing identifies the grant as a "customary annual grant to non-employee directors of options to purchase shares of common stock," received as compensation for service on the Board. Driscoll is identified solely as a director, with no officer title indicated. The transaction code reported is "A," reflecting an acquisition. The form was filed by one reporting person and covers a single transaction dated October 22, 2026.

Per the vesting terms disclosed, 25.0% of the option shares vested immediately on the grant date, with the remaining shares vesting in nine equal monthly installments on the last day of each calendar month beginning after the grant date, such that the award becomes fully vested on June 30. Following the reported transaction, Driscoll beneficially owns 100,000 stock options directly, as stated in the filing.

What Was Disclosed

The filing reports a single acquisition of a stock option covering 100,000 shares of Lite Strategy, Inc. common stock by director Frederick W. Driscoll, granted on October 22, 2026, at an exercise price of $1.19 per share, described as a customary annual non-employee director grant.