AlphaYouOPNW: Hernandez Gerard Albert Palana discloses securities transactions
By AlphaYouPublished Form 4
Hernandez Gerard Albert Palana
Reporting filer
Hernandez Gerard Albert Palana reported Grant or award in OpenWorld, Inc.: 386348 units of Common Stock, dated 2026-09-30. The full Form 4 contains 4 transaction entries.
- Disclosed
- Oct 2, 2026
Reported details
4 entries| Security | Owner | Date | Code | Action | Quantity | Price | Following holdings | Reporting delay | Filed terms and references |
|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Hernandez Gerard Albert Palana | 2026-09-30 | A | Grant or award | 386348 | Not stated (see footnotes) | 386,348 | 2 days | Filed terms
|
| Common Stock | Hernandez Gerard Albert Palana | 2026-09-30 | A | Grant or award | 17077 | Not stated (see footnotes) | 17,077 | 2 days | Filed terms
|
| Stock Option (Right to Buy) (derivative) | Hernandez Gerard Albert Palana | 2026-09-30 | A | Grant or award | 154540 | Not stated (see footnotes) | 154,540 | 2 days | Filed terms
|
| Stock Option (Right to Buy) (derivative) | Hernandez Gerard Albert Palana | 2026-09-30 | A | Grant or award | 144633 | Not stated (see footnotes) | 144,633 | 2 days | Filed terms
|
Common Stock
- Owner
- Hernandez Gerard Albert Palana
- Date
- 2026-09-30
- Code
- A
- Action
- Grant or award
- Quantity
- 386348
- Price
- Not stated (see footnotes)
- Following holdings
- 386,348
- Reporting delay
- 2 days
- Filed terms and references
Filed terms
- security Title: Common Stock
- transaction Date: 2026-09-30
- transaction Form Type: 4
- transaction Code: A
- equity Swap Involved: 0
- transaction Shares: 386348
- id: F1
- transaction Acquired Disposed Code: A
- shares Owned Following Transaction: 386348
- direct Or Indirect Ownership: I
- nature Of Ownership: By GM Consulting Group Inc.
- id: F2
Common Stock
- Owner
- Hernandez Gerard Albert Palana
- Date
- 2026-09-30
- Code
- A
- Action
- Grant or award
- Quantity
- 17077
- Price
- Not stated (see footnotes)
- Following holdings
- 17,077
- Reporting delay
- 2 days
- Filed terms and references
Filed terms
- security Title: Common Stock
- transaction Date: 2026-09-30
- transaction Form Type: 4
- transaction Code: A
- equity Swap Involved: 0
- transaction Shares: 17077
- id: F3
- transaction Acquired Disposed Code: A
- shares Owned Following Transaction: 17077
- direct Or Indirect Ownership: I
- nature Of Ownership: By LB2 Capital Partners LLC
- id: F4
Stock Option (Right to Buy) (derivative)
- Owner
- Hernandez Gerard Albert Palana
- Date
- 2026-09-30
- Code
- A
- Action
- Grant or award
- Quantity
- 154540
- Price
- Not stated (see footnotes)
- Following holdings
- 154,540
- Reporting delay
- 2 days
- Filed terms and references
Filed terms
- security Title: Stock Option (Right to Buy)
- conversion Or Exercise Price: 2.19
- transaction Date: 2026-09-30
- transaction Form Type: 4
- transaction Code: A
- equity Swap Involved: 0
- transaction Shares: 154540
- id: F6
- transaction Acquired Disposed Code: A
- id: F5
- expiration Date: 2035-12-10
- underlying Security Title: Common Stock
- underlying Security Shares: 154540
- shares Owned Following Transaction: 154540
- direct Or Indirect Ownership: I
- nature Of Ownership: By GM Consulting Group Inc.
- id: F2
Stock Option (Right to Buy) (derivative)
- Owner
- Hernandez Gerard Albert Palana
- Date
- 2026-09-30
- Code
- A
- Action
- Grant or award
- Quantity
- 144633
- Price
- Not stated (see footnotes)
- Following holdings
- 144,633
- Reporting delay
- 2 days
- Filed terms and references
Filed terms
- security Title: Stock Option (Right to Buy)
- conversion Or Exercise Price: 6.54
- transaction Date: 2026-09-30
- transaction Form Type: 4
- transaction Code: A
- equity Swap Involved: 0
- transaction Shares: 144633
- id: F6
- transaction Acquired Disposed Code: A
- id: F5
- expiration Date: 2036-08-25
- underlying Security Title: Common Stock
- underlying Security Shares: 144633
- shares Owned Following Transaction: 144633
- direct Or Indirect Ownership: I
- nature Of Ownership: By GM Consulting Group Inc.
- id: F2
Purchases, sales, grants and option exercises are different transactions. The reported code identifies the action; it does not establish a motive.
Filing context
- Quantities and prices are shown in the units filed. No trade value is inferred from their product.
- Hernandez Gerard Albert Palana: Chief Accounting Officer.
- F1: Received in exchange for 5,000 shares of OpenWorld, Ltd. in connection with the merger of OpenWorld, Ltd. into OpenWorld, Inc. (the "Merger"). On the effective date of the Merger, the closing price of OpenWorld, Inc.'s common stock was $8.98.
- F2: Mr. Hernandez has beneficial ownership over the shares held by GM Consulting Group Inc.
- F3: Received in exchange for 221 shares of OpenWorld, Ltd. in connection with the merger of OpenWorld, Ltd. into OpenWorld, Inc. (the "Merger"). On the effective date of the Merger, the closing price of OpenWorld, Inc.'s common stock was $8.98.
- F4: Mr. Hernandez has beneficial ownership over the shares held by LB2 Capital Partners LLC.
- F5: The vesting commence date of these options is 10/10/2023 (the "Vesting Commencement Date"). Beginning on the 1-year anniversary of the Vesting Commencement Date, 1/24 of the options will vest. The remaining options shall vest in on a linear monthly basis, such that all options shall be fully vested on the 3-year anniversary of the Vesting Commencement Date, subject to reporting person's continuous service as of each such dates.
- F6: Received in the Merger in exchange for stock options to acquire shares of OpenWorld, Ltd.
Original sources
Prepared automatically from public filing data. Report a correction.