Blackboxstocks INC.: directors' dealings · United States · SEC (Form 4)

About Blackboxstocks INC.

BLACKBOXSTOCKS INC. (ticker: BLBX) is a United States company listed on the Nasdaq Capital Market, not NYSE at present. The company is headquartered in Dallas, Texas, United States, and has historically operated as a market-analytics and trading-software business focused on active retail investors. Its core offering is the proprietary Blackbox System, which it says continuously scans the NASDAQ, NYSE, CBOE and other options markets in real time, analyzing more than 10,000 stocks and up to 1.5 million options contracts multiple times per second. The platform also combines analytics with a built-in social layer and, more recently, live audio/video functionality for sharing trade ideas and market insight within the user community. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1567900/000143774926005114/blkbx20251231_10k.htm)) From a business-model perspective, BLBX has been built around recurring subscriptions sold to individual consumers on monthly and annual plans via its website. The product was first made available to subscribers in September 2016, and the company later expanded into native iOS and Android apps in 2022. That history matters because it shows the company’s focus on product-led growth in a niche segment where speed, usability and community engagement can be key differentiators. In practical terms, Blackboxstocks competes in the crowded online trading-tools market by emphasizing real-time scanning, actionable alerts and an integrated information-sharing environment rather than broad, full-service brokerage functionality. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1567900/000143774926005114/blkbx20251231_10k.htm)) The company’s corporate history is closely associated with Gust Kepler, who became President and CEO in 2015. Public filings describe his background as an entrepreneur and capital-markets operator, with prior experience founding and managing other businesses. For investors, this helps frame BLBX as a management-driven micro/small-cap story rather than a large-scale platform business. The company’s principal executive offices are in Dallas, Texas, and its operational footprint appears to be primarily U.S.-based, though the platform itself has been available internationally. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1567900/000143774926005114/blkbx20251231_10k.htm)) A major recent development is strategic restructuring. In 2024, Blackboxstocks formed Blackbox.io Inc. and transferred specified business assets to that subsidiary, while retaining the legacy operating business within the group structure. More recently, the company has been working through a proposed reverse acquisition merger with REalloys Inc.; SEC filings indicate that the S-4 registration statement became effective on January 16, 2026, and a February 2026 SEC filing confirms the company held its 2025 annual meeting on February 2, 2026. These events are important because they suggest BLBX may evolve significantly in terms of business mix, capitalization and future listing profile. For international equity investors, BLBX should therefore be viewed as a Nasdaq-listed U.S. micro-cap with a software legacy, subscription economics and meaningful transaction-driven optionality. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1567900/000143774926005114/blkbx20251231_10k.htm))