Sparta Commercial Services Inc. has announced the granting of five-year stock options for the purchase of its common stock at $0.14 per share. On January 16, 2026, options to buy a total of 3,600,000 shares were given to CEO Anthony L Havens and Vice President of Operations Sandra L Ahman, vesting in three equal tranches over three years. Additionally, each of the company's two independent directors received options to purchase 350,000 shares, and employees were granted options for an aggregate of 260,000 shares, all under the same terms. The exercise price represents 110% of the company's average closing price over the preceding thirty trading days. These unregistered securities were issued under Section 4(a)(2) of the Securities Act, as private placements not involving a public offering.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sparta Commercial Services Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-002927), on January 20, 2026, and is solely responsible for the information contained therein.