Gao Minghui, a director at Hour Loop, Inc., has been granted 1,642 shares of common stock as compensation for services rendered. This stock grant, approved by the company's Board of Directors, was reported in a recent SEC filing.

Background

Hour Loop, Inc. is a company engaged in the retail-catalog and mail-order houses industry, with its operations based in Redmond, Washington. The company is identified by the Central Index Key (CIK) number 0001874875. The most recent filing indicates that Gao Minghui is actively involved in the company’s governance.

What the Filing Says

The filing states, "Represents a grant, approved by the issuer's Board of Directors, of common stock to the reporting person, as compensation for services rendered." This transaction occurred on October 2, 2026, and reflects a direct ownership nature of the shares.

Impact

This stock grant affects Gao Minghui's ownership stake in Hour Loop, increasing his total shares owned to 32,236 following the transaction. The move is part of a broader trend in the retail sector, where companies are increasingly using equity compensation to attract and retain talent.

What's Next

The filing does not say what happens next.

Details of the Transaction

The stock grant of 1,642 shares was executed on October 2, 2026, and was categorized under transaction code 'A', indicating it was an acquisition of shares. Notably, the transaction price per share was reported as zero, which is typical for stock grants provided as compensation.

Ownership Structure

Following this transaction, Gao Minghui's total ownership in Hour Loop, Inc. now stands at 32,236 shares. The filing indicates that he holds direct ownership of these shares, reinforcing his position as a director within the company.

Company Information

Hour Loop, Inc., incorporated in Delaware, operates within the retail-catalog and mail-order houses sector, classified under the Standard Industrial Classification (SIC) code 5961. The company's fiscal year ends on December 31, and it is identified by the Central Index Key (CIK) number 0001874875.

Additional Context

While the filing provides details on the stock grant and ownership changes, it does not include any commentary on how this grant aligns with Hour Loop, Inc.'s overall compensation strategy or any future plans for equity compensation within the company.