Table Trac CEO Randy Gilbert receives option grant for 100,000 shares

What happened

Table Trac Inc., a Minnesota-based company that provides casino management systems and other services to the amusement and recreation industry, disclosed in a securities filing that its Compensation Committee approved a stock option grant to its Chief Executive Officer and Chief Financial Officer, Randy Gilbert.

According to the Form 8-K filed August 12, 2026, the grant was made on August 7, 2026, under the company's 2021 Stock Incentive Plan. The option covers 100,000 shares of common stock at an exercise price of $4.51 per share, which was the closing price on the grant date.

The option expires 10 years from the grant date and vests over four years: 16,000 shares vest on the first anniversary, with the rest vesting in equal annual installments over the following three years, contingent on Gilbert's continued employment.

Context

Table Trac's stock closed at $4.75 on August 12, 2026, up 5.32% from the prior close of $4.51. Volume that day was 31,960 shares, well above its average of 2,738 shares.

The filing is a standard disclosure required under Item 5.02 of Form 8-K, which covers changes in directors or officers and certain compensatory arrangements.

The option exercise price of $4.51 matches the grant date closing price, indicating it was granted at-the-money. The 10-year term and four-year vesting schedule are common for executive stock options.

What this means

A Form 8-K is a 'current report' that companies file with the SEC to announce major events that shareholders should know about. Item 5.02 specifically requires disclosure of director or officer changes, including the grant of stock options or other compensation.

A stock option gives the holder the right to buy shares at a fixed price (here, $4.51) for a set period (10 years). Vesting means Gilbert must remain employed for the shares to become exercisable over four years—16,000 shares after one year, then equal portions over the next three years.

Because the option was granted at the current market price, Gilbert would only profit if Table Trac's stock rises above $4.51 in the future. This is an incentive to improve company performance. The filing does not state any reason for the grant, and the sources do not explain why it occurred beyond the committee's approval.

This is routine executive compensation disclosure, not an indication of any change in leadership or a sign of financial trouble.