Summary by Futu AI
Craig Steven Smith, the Chief Operating Officer of Signing Day Sports, Inc., has filed an Initial Statement of Beneficial Ownership of Securities with the SEC, as per Form 3. The document, dated April 22, 2024, indicates that Smith directly owns 90,000 shares of common stock in the company. Additionally, the filing reveals that Smith holds an employee stock option to buy 50,000 shares of Signing Day Sports common stock at $2.5 per share, with a portion of the options having vested following the company's initial public offering on November 16, 2023. The remaining options are set to vest over the next 36 months, providing a structured increase in Smith's potential ownership stake in the company. This filing is a routine disclosure required by corporate officers and is intended to provide transparency regarding the ownership stakes of key company insiders.