ESOPMay 6, 2026, 04:08 PM
ZeroStack Grants 1.25M Stock Options to CEO, CFO, Executive Chairman
AI Summary
ZeroStack Corp. granted a total of 1,250,000 stock options to its CEO, CFO, and Executive Chairman on May 5, 2026. The options are exercisable at $5.10 per share and have a 10-year term. Vesting is tied to the company's common share volume weighted average price (VWAP), with 20% vesting at each of five VWAP thresholds ranging from $7.65 to $17.85. The grants are subject to shareholder approval at the upcoming annual and special meeting of shareholders to be held on or about July 13, 2026.
Key Highlights
- ZeroStack granted 1,250,000 stock options to its CEO, CFO, and Executive Chairman.
- CEO Daniel Reis-Faria received 500,000 stock options.
- CFO Dany Vaiman received 250,000 stock options.
- Executive Chairman Michael Heinrich received 500,000 stock options.
- The stock options are exercisable at $5.10 per share and have a 10-year term.
- Vesting occurs in 20% increments based on VWAP, starting at $7.65 up to $17.85.
- The grants are subject to shareholder approval at the meeting around July 13, 2026.
Price Impact
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