ESOPJul 16, 2026, 04:17 PM
Avalanche Treasury Grants Stock Options to CEO, COO
AI Summary
Avalanche Treasury Corp's Compensation Committee granted stock options to CEO Gerald Bartholomew Smith and COO Laine Mihalchick Moljo on July 12, 2026. Mr. Smith received options for 2,700,000 shares and Ms. Moljo for 1,100,000 shares, both at an exercise price of $0.54 per share. In exchange, both executives forfeited their rights to performance-vesting restricted stock units. The options vest in equal installments over three years, subject to continued employment, and include accelerated vesting provisions upon a change in control.
Key Highlights
- CEO Gerald Bartholomew Smith granted options for 2,700,000 Class A Common Stock shares.
- COO Laine Mihalchick Moljo granted options for 1,100,000 Class A Common Stock shares.
- Total stock options granted to executives: 3,800,000 shares.
- Exercise price for all options set at $0.54 per share.
- Options vest in equal installments on January 12, 2027, 2028, and 2029.
- Executives forfeited all rights to performance-vesting restricted stock units.
- Options expire on the tenth anniversary of the July 12, 2026 grant date.
Price Impact
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