Envirotech Vehicles CEO Phillip Oldridge Receives 490,000 Stock Options at $2.19 Exercise Price

Envirotech Vehicles, Inc. (EVTV) CEO Phillip Oldridge was granted 490,000 stock options on May 22, 2026, with an exercise price of $2.19 per share. The options vest immediately upon grant and have an expiration date of May 21, 2036. The transaction was reported on Form 4 as an award of stock options, with the CEO receiving no-cost options (price per share of $0) that give him the right to purchase common stock at the $2.19 exercise price. Following this transaction, Oldridge holds 490,000 stock options in the company. The filing represents a significant equity compensation award to the company's chief executive officer, aligning his interests with shareholders through long-term incentive compensation tied to the company's stock performance.