I-ON Digital Corp. (IONI) updates 2026 equity plan, sets 100,000-share Series E pool
Rhea-AI Filing Summary
I-ON Digital Corp. filed an amendment to a prior report to clarify that equity awards referenced earlier under its 2026 Equity Incentive Plan have not yet been issued or granted, and that no agreements with intended recipients exist as of this amendment date.
The Board approved the I-ON Digital Corp. 2026 Equity Incentive Plan on June 8, 2026 to provide equity-based compensation to employees, directors and consultants through eight award types, including stock options, stock appreciation rights, restricted stock, RSUs and performance-based awards. The plan reserves 100,000 shares of Series E Convertible Preferred Stock for awards and includes an automatic annual increase to the share reserve equal to 4% of total capital stock outstanding on each December 31, for up to ten years starting January 1, 2027.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
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.
Key Figures
Plan approval date: June 8, 2026
Initial share reserve: 100,000 shares
Evergreen increase rate: 4% of total capital stock outstanding
+2 more
5 metrics
Plan approval date
June 8, 2026
Board approval date of the I-ON Digital Corp. 2026 Equity Incentive Plan
Initial share reserve
100,000 shares
Series E Convertible Preferred Stock reserved for issuance under the 2026 Plan
Evergreen increase rate
4% of total capital stock outstanding
Automatic annual increase to the Share Reserve based on prior year-end outstanding capital stock
Evergreen start date
January 1, 2027
First date on which the automatic annual increase to the Share Reserve applies
Evergreen duration
Not more than ten years
Maximum period for annual automatic increases to the Share Reserve
Key Terms
2026 Equity Incentive Plan, Incentive Stock Options, Stock Appreciation Rights, Restricted Stock Unit Awards, +2 more
6 terms
2026 Equity Incentive Plan financial
"the Board of I-ON Digital Corp. approved the I-ON Digital Corp. 2026 Equity Incentive Plan"
Incentive Stock Options financial
"The 2026 Plan provides for eight categories of Awards: (i) Incentive Stock Options"
Incentive stock options are a type of employee stock option that gives eligible workers the right to buy company shares at a fixed price later on, often below future market value. They matter to investors because they align employee incentives with company performance, can dilute existing ownership when exercised, and create potential tax advantages for option holders if certain holding-time rules are met — think of them as a coupon to buy stock at today’s price with extra tax rules attached.
Stock Appreciation Rights financial
"Awards: (i) Incentive Stock Options, (ii) Nonstatutory Stock Options, (iii) Stock Appreciation Rights"
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
Restricted Stock Unit Awards financial
"Awards: (iv) Restricted Stock Awards, (v) Restricted Stock Unit Awards, (vi) Performance Stock Awards"
Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.
Performance Cash Awards financial
"Awards: (vi) Performance Stock Awards, (vii) Performance Cash Awards, and (viii) Other Stock Awards"
Series E Convertible Preferred Stock financial
"100,000 shares of the Company’s Series E Convertible Preferred Stock are reserved for issuance"
Series E convertible preferred stock is a class of investment shares issued in a later-stage financing round that behave like a hybrid between a safety-first claim and an option to become ordinary shares. Think of it as a VIP ticket that gives owners priority on payments and protections if things go wrong, but can be swapped for regular shares later—important to investors because it affects payout priority, potential dilution of ownership, voting power, and the company’s implied valuation.
FAQ
What is IONI’s 2026 Equity Incentive Plan and when was it approved?
The Board of I-ON Digital Corp. (IONI) approved the 2026 Equity Incentive Plan on June 8, 2026. The plan is intended to provide equity-based incentives to employees, directors and consultants through various award types tied to company stock performance.
Why did I-ON Digital Corp. (IONI) file this latest 8-K amendment?
The company filed this amendment to state more clearly that the previously described equity awards under the 2026 Plan have not yet been issued or granted and that no agreements with intended award recipients had been made as of the amendment date.
Does IONI’s 2026 Equity Incentive Plan include an automatic increase feature?
Yes. Beginning January 1, 2027, the share reserve will automatically increase each January 1 by 4% of total capital stock outstanding on the preceding December 31, for no more than ten years, expanding the pool available for future awards.
What types of awards can be granted under IONI’s 2026 Equity Incentive Plan?
The plan allows eight categories of awards, including Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Stock Awards, Performance Cash Awards, and Other Stock Awards, providing multiple equity incentive structures.
Which security class is used for awards in IONI’s 2026 plan?
Awards under the 2026 Equity Incentive Plan are based on Series E Convertible Preferred Stock. A total of 100,000 Series E shares are initially reserved as the share pool for potential grants under the plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
