Management ChangeJul 20, 2026, 04:57 PM
Digital Brands Group Appoints David Sosnowski as Independent Director
AI Summary
Digital Brands Group, Inc. announced the appointment of David Sosnowski as an independent director to its Board of Directors, effective July 14, 2026. His initial term is for one year, with provisions for renewal. As compensation, Mr. Sosnowski will receive an annual cash retainer of $100,000 and was granted 20,000 non-qualified stock options with an exercise price of $5.00 per share, vesting quarterly over one year.
Key Highlights
- Digital Brands Group appointed David Sosnowski as an independent director to its Board.
- Mr. Sosnowski's initial term is one year, subject to successive one-year renewals.
- He will receive an annual cash retainer of $100,000, paid quarterly.
- Mr. Sosnowski was granted 20,000 non-qualified stock options.
- The options have an exercise price of $5.00 per share.
- Options vest at 25% per quarter and expire five years from issuance.
Price Impact
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