Justin J. File, CEO, CFO, and Secretary of Lite Strategy, Inc. (NASDAQ:LITS), filed a Form 4 on October 26, 2026, disclosing the acquisition of an employee stock option to purchase 600,000 shares of common stock, granted on October 22, 2026.

Key Highlights

  • Option grant date: October 22, 2026, with an expiration date of October 22, 2036.
  • Exercise price: $1.19 per share.
  • Shares covered: 600,000 shares of Lite Strategy, Inc. common stock.
  • Price paid for the option: $0, received as employment compensation according to the filing.
  • Vesting schedule: 36 monthly installments, with the first installment vesting on the one-month anniversary of the grant date, subject to continued service.
  • Resulting derivative holdings: 600,000 derivative securities beneficially owned directly following the transaction.

Justin File's Option Award Details at Lite Strategy

According to the filing, Justin J. File, who serves as Director, CEO, CFO, and Secretary of Lite Strategy, Inc., acquired an employee stock option (right to buy) covering 600,000 shares of common stock on October 22, 2026. The filing reports the transaction code as "A" (acquired), with a conversion or exercise price of $1.19 per share. The option was received as employment compensation, and the price paid for the derivative security is listed as $0.

The filing discloses that the option will vest and become exercisable in 36 monthly installments. The first installment vests on the one-month anniversary of the grant date, and vesting is subject to continued service through each applicable vesting date. The option expires on October 22, 2036, giving a ten-year term from the date of grant. Following the reported transaction, the filing states that File directly beneficially owns 600,000 derivative securities.

No non-derivative securities transactions were reported in Table I of this filing. The Form 4 was filed by one reporting person and was signed by Justin J. File on October 26, 2026. The filing does not indicate that the transaction was made pursuant to a Rule 10b5-1(c) plan.

What Was Disclosed

Lite Strategy, Inc.'s CEO, CFO, and Secretary Justin J. File disclosed the acquisition of an employee stock option covering 600,000 shares at an exercise price of $1.19, granted October 22, 2026, vesting over 36 monthly installments, and expiring October 22, 2036.