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FiEE (FIEE) awards multi-year RSU grants to CEO Li Wai Chung and CFO

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

FiEE, Inc. reported that its Board of Directors granted new equity awards to its top executives under the FiEE, Inc. 2025 Equity Incentive Plan. On May 12, 2026, Chief Executive Officer and President Li Wai Chung and Chief Financial Officer Cao Yu each received 143,561 restricted stock units (RSUs), with each RSU representing one share of common stock.

The RSUs are designed to vest over three years, with 30% vesting on the first anniversary of the grant date, another 30% on the second anniversary, and the remaining 40% on the third anniversary, as long as each executive remains employed through the relevant vesting dates. The awards are governed by the terms of the company’s 2025 Equity Incentive Plan and a standard restricted stock unit agreement filed as an exhibit.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
CEO RSU grant 143,561 RSUs Granted to CEO and President Li Wai Chung on May 12, 2026
CFO RSU grant 143,561 RSUs Granted to CFO Cao Yu on May 12, 2026
First-year vesting tranche 30% of RSUs Vest on first anniversary of grant date, employment required
Second-year vesting tranche 30% of RSUs Vest on second anniversary of grant date, employment required
Third-year vesting tranche 40% of RSUs Vest on third anniversary of grant date, employment required
Restricted Stock Unit financial
"granted restricted stock units (“RSUs”) to Li Wai Chung"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
RSUs financial
"Under the terms of the grants, Li Wai Chung and Cao Yu each received 143,561 RSUs."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
2025 Equity Incentive Plan financial
"The RSUs were granted pursuant to the FiEE, Inc. 2025 Equity Incentive Plan (the “Plan”)."
Emerging growth company regulatory
"Emerging growth company Restricted Stock Unit Awards"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Inline XBRL technical
"Cover Page Interactive Data (embedded within Inline XBRL document)."
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
Understanding 8-K Material Events →
false 0001467761 0001467761 2026-05-12 2026-05-12 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): May 12, 2026

 

FiEE, Inc.

 

(Exact name of registrant as specified in its charter)

 

Delaware   001-37649   04-2621506

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

 

3-33, 2-chome Utajima, Nishiyodogawa District, Osaka, Japan

(Address of principal executive offices, including zip code)

 

852-28166813

(Registrant’s telephone number, including area code)

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17-CFR 240.14d-2(b))

 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17-CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol   Name of each exchange on which registered
Common Stock, $0.01 par value per share   FIEE   The Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Restricted Stock Unit Awards

 

On May 12, 2026, the Board of Directors (the “Board”) of FiEE, Inc. (the “Company”), based upon the recommendation of the Compensation Committee of the Board (the “Committee”), granted restricted stock units (“RSUs”) to Li Wai Chung, the Company’s Chief Executive Officer and President, and Cao Yu, the Company’s Chief Financial Officer. The RSUs were granted pursuant to the FiEE, Inc. 2025 Equity Incentive Plan (the “Plan”).

 

Under the terms of the grants, Li Wai Chung and Cao Yu each received 143,561 RSUs. Each RSU represents a contingent right to receive one share of the Company’s common stock, $0.01 par value per share. The RSUs are scheduled to vest as follows: 30% on the first anniversary of the grant date, 30% on the second anniversary of the grant date, and the remaining 40% on the third anniversary of the grant date, subject to the respective recipient’s continued employment through each applicable vesting date. The RSUs are subject to the terms and conditions of the Plan and a restricted stock unit agreement, the form of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 9.01Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
10.1   Form of Restricted Stock Unit Award Agreement.
104   Cover Page Interactive Data (embedded within Inline XBRL document).

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  FIEE, INC.
     
Date: May 13, 2026 By: /s/ Li Wai Chung
    Li Wai Chung
    Chief Executive Officer and President

 

2

Source: View Original Filing on SEC EDGAR

FAQ

What executive equity awards did FiEE (FIEE) disclose in this 8-K?

FiEE granted new restricted stock unit (RSU) awards to its CEO and CFO. On May 12, 2026, Li Wai Chung and Cao Yu each received 143,561 RSUs under the company’s 2025 Equity Incentive Plan, subject to multi-year vesting conditions tied to continued employment.

How many restricted stock units did FiEE’s CEO and CFO each receive?

Each of FiEE’s top executives received 143,561 restricted stock units. Both Chief Executive Officer and President Li Wai Chung and Chief Financial Officer Cao Yu were granted identical RSU awards, with each unit representing one share of FiEE’s common stock upon vesting, subject to plan terms.

What is the vesting schedule for the FiEE (FIEE) executive RSU grants?

The RSUs vest over three years in set tranches. Thirty percent vest on the first anniversary of the May 12, 2026 grant date, another 30% on the second anniversary, and the remaining 40% on the third anniversary, contingent on continued employment at each vesting date.

Under which plan were FiEE’s new executive RSUs granted?

The awards were granted under the FiEE, Inc. 2025 Equity Incentive Plan. This plan governs how restricted stock units and similar equity incentives are issued, including vesting rules and other conditions, and is implemented through a standard restricted stock unit agreement for each grant.

Does each FiEE RSU represent one share of common stock?

Yes, each FiEE restricted stock unit represents a contingent right to receive one share of common stock. Delivery of shares occurs only when the RSUs vest and other plan conditions are met, aligning executive compensation more closely with the company’s long-term stock performance.

Filing Exhibits & Attachments

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Agreements & Contracts

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