Director Jill E. Sommers filed a Form 4 with the SEC on October 27, 2026, reporting the grant of a stock option to purchase 53,763 shares of Canton Strategic Holdings, Inc. common stock at an exercise price of $1.86 per share, with a transaction date of October 23, 2026.

Key Highlights

  • Reporting person: Jill E. Sommers, identified as a Director of Canton Strategic Holdings, Inc. (NASDAQ:CNTN)
  • Option grant: 53,763 stock options (right to buy) acquired on October 23, 2026, under transaction code A
  • Exercise price: $1.86 per share, with an expiration date of October 23, 2036
  • Vesting schedule: 26,881 shares vested immediately on October 23, 2026; 13,441 shares vest on November 1, 2026; 13,441 shares vest on February 1, 2027
  • Post-transaction holdings: 53,763 derivative securities beneficially owned directly following the reported transaction
  • Plan and policy: The option was granted under the Issuer's Amended and Restated 2023 Omnibus Equity Incentive Plan and issued pursuant to the Issuer's Non-Employee Director Compensation Policy as an annual director equity grant

Sommers Receives Annual Director Equity Grant From Canton Strategic Holdings

According to the filing, Director Jill E. Sommers received a stock option grant on October 23, 2026, covering 53,763 shares of Canton Strategic Holdings common stock at an exercise price of $1.86 per share. The option is classified as a derivative security under Table II of the Form 4, with a direct ownership form. The option expires on October 23, 2036.

The filing's explanatory notes state that the grant was made under the Issuer's Amended and Restated 2023 Omnibus Equity Incentive Plan. Of the shares subject to the option, the filing discloses that 26,881 shares were vested as of the transaction date of October 23, 2026. An additional 13,441 shares are scheduled to vest on November 1, 2026, and the remaining 13,441 shares are scheduled to vest on February 1, 2027. Each vesting date is, according to the filing, "subject to the Reporting Person's continuous service as a member of the Issuer's board of directors immediately prior to the applicable vesting date."

The filing further notes that the option "was issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy as an annual director equity grant." Following the reported transaction, Sommers beneficially owned 53,763 derivative securities directly. No non-derivative securities transactions were reported in Table I of this filing.

What Was Disclosed

Director Jill E. Sommers disclosed the acquisition of a stock option for 53,763 shares of Canton Strategic Holdings, Inc. common stock at $1.86 per share, granted October 23, 2026, under the company's equity incentive plan as part of an annual director compensation grant.