ESOPJun 12, 2026, 04:57 PM
I-ON Digital Approves 2026 Equity Plan, Grants 66,750 Series E Options
AI Summary
I-ON Digital Corp. announced the approval of its 2026 Equity Incentive Plan by the Board of Directors on June 8, 2026. The plan reserves 100,000 shares of Series E Convertible Preferred Stock for issuance and includes an automatic annual increase of 4% of outstanding capital stock. Concurrently, the company granted stock options for an aggregate of 66,750 Series E shares to various officers, employees, and service providers at an exercise price of $145 per share. These grants include performance-based options for key executives tied to strategic goals such as Nasdaq uplisting, M&A, market penetration, and platform development.
Key Highlights
- I-ON Digital Corp. Board approved the 2026 Equity Incentive Plan on June 8, 2026.
- 100,000 shares of Series E Convertible Preferred Stock are reserved for the 2026 Plan.
- Share Reserve will automatically increase by 4% of outstanding Capital Stock annually for up to ten years.
- Options to purchase 66,750 Series E shares were granted to officers, employees, and service providers.
- Options were granted at an exercise price of $145 per Series E share.
- Carlos X. Montoya received options for 18,000 time-based and 2,000 performance-based Series E shares.
- Ken Park received options for 9,000 time-based and 2,000 performance-based Series E shares.
- Brad Hoffman, John Jubilee, and Patrick White each received options for 2,000 time-based and 2,000 performance-based Series E shares.
- Additional 20,750 Series E shares were granted to other employees, consultants, and service providers.
Price Impact
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