Very well stated! There are No form 4's Required for "new shares" and as always management is delivering and doing everything correct with proper SEC Filings, and FINRA Requirements being met:
The key point in the requirement is "change in holdings". If new shares are issued no Form 4 is required and it will be disclosed in the subsequent filing.
The shares given out are "new shares" so there isn't any change in ownership/control.
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