Axe Compute CEO granted 500,000 stock options
Axe Compute Inc. reported that CEO and Director Christopher Miglino received a grant of 500,000 non-qualified stock options.
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Rhea-AI Filing Summary
Axe Compute Inc. reported that CEO and Director Christopher Miglino received a grant of 500,000 non-qualified stock options. The options have an exercise price of $2.4400 per share and expire on February 8, 2036, giving him the right to buy an equal number of common shares at that price.
The award was granted as an inducement under Nasdaq Listing Rule 5635(c)(4) and is subject to a three-year vesting schedule. One-third vests on the first anniversary of the grant date, with the remaining two-thirds vesting in equal monthly installments over the following 24 months, contingent on his continued employment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Options | 500,000 | $0.00 | $0.00 |
Footnotes (2)
- F1. The stock option was granted as an inducement award pursuant to Nasdaq Listing Rule 5635(c)(4).
- F2. The options are subject to a three-year vesting period with 1/3 vesting on the first anniversary of the grant date and the remainder vesting in equal monthly installments over the next 24 months, subject to Mr. Miglino's continued employment with the Company through each vesting date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Axe Compute (AGPU) CEO Christopher Miglino report on this Form 4?
What are the key terms of the Axe Compute (AGPU) stock option grant?
How do the Axe Compute (AGPU) options granted to the CEO vest?
Why were the Axe Compute (AGPU) options to the CEO classified as an inducement award?
Does the Form 4 show any Axe Compute (AGPU) stock sales or purchases by the CEO?
What is Christopher Miglino’s option position after this Axe Compute (AGPU) grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.