Axe Compute grants 225,000 stock options to CFO
Axe Compute Inc. granted Co-Chief Financial Officer Jeremy Reese Yaukey-Witter 225,000 non-qualified stock options to acquire common stock at an exercise price of $3.51 per share.
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Rhea-AI Filing Summary
Axe Compute Inc. granted Co-Chief Financial Officer Jeremy Reese Yaukey-Witter 225,000 non-qualified stock options to acquire common stock at an exercise price of $3.51 per share. The award was granted as an inducement award under Nasdaq Listing Rule 5635(c)(4).
The options carry a three-year vesting period, with one-third vesting on the first anniversary of the grant date and the remaining two-thirds vesting in equal monthly installments over the following 24 months, subject to his continued employment. The options expire on April 15, 2036 if not exercised.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Options | 225,000 | $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. Yaukey-Witter's continued employment with the Company through each vesting date.
Key Figures
Key Terms
Non-Qualified Stock Options financial
inducement award regulatory
Nasdaq Listing Rule 5635(c)(4) regulatory
vesting period financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Axe Compute Inc. (AGPU) report in this Form 4 filing?
What are the key terms of Jeremy Reese Yaukey-Witter’s stock option grant at AGPU?
How does the vesting schedule work for the 225,000 Axe Compute (AGPU) options?
Why was this Axe Compute Inc. (AGPU) option grant classified as an inducement award?
What type of security was granted to the Axe Compute (AGPU) Co-Chief Financial Officer?
AI-generated analysis. How Rhea-AI works. Not financial advice.