Safe Pro Group (NASDAQ: SPAI) replaces CEO share grant with options

Rhea-AI Filing Summary

Safe Pro Group Inc. modified its compensation arrangement with Chief Executive Officer Daniyel Erdberg after he met market capitalization milestones where the company’s value stayed above $60,000,000, $80,000,000, and $100,000,000 for required periods. Under his original employment agreement, this performance would have triggered a grant of 600,000 shares of common stock.

Instead, the company and Mr. Erdberg agreed that, in full satisfaction of that share obligation and related claims, he will receive options to purchase 1,000,000 shares of common stock. These options have an exercise price of $4.15 per share, vest immediately, and have a ten-year term, subject to the company’s equity plan and a stock option agreement.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

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.

Understanding 8-K Material Events →

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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): December 11, 2025

Safe Pro Group Inc.

(Exact name of Registrant as specified in its Charter)

Delaware		001-42261		87-4227079
(State or other jurisdiction of		(Commission		(IRS Employer
incorporation)		File No.)		Identification No.)

18305 Biscayne Blvd., Suite 222

Aventura, Florida 33160

(Address of principal executive offices)

Registrant’s Telephone Number, including area code: (786) 409-4030

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 (see General Instruction A.2.):

☐	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))

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. ☐

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

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.0001		SPAI		The NASDAQ Stock Market LLC

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

On December 11, 2025, Safe Pro Group Inc. (the “Company”) modified the compensation terms under the Employment Agreement dated November 1, 2023 with Daniyel Erdberg, the Company’s Chief Executive Officer. Mr. Erdberg had achieved certain market capitalization milestones as set forth in Section 1(c) of Schedule A to the Employment Agreement, specifically that the Company maintained a market capitalization of more than $60,000,000, $80,000,000, and $100,000,000 for certain time periods (the “Market Cap Milestones”). Under the original terms of the Employment Agreement, achievement of these milestones would have entitled Mr. Erdberg to the issuance of 600,000 shares of the Company’s common stock.

The Company and Mr. Erdberg agreed that in full satisfaction and complete discharge of the Company’s obligation to issue 600,000 shares of common stock to Mr. Erdberg upon achievement of the Market Cap Milestones, and in consideration of Mr. Erdberg agreement to accept options in lieu of shares and release of any and all claims related to the original share grant obligation, the Company will grant Mr. Erdberg options to purchase 1,000,000 shares of common stock. The exercise price of the options was $4.15, which was the closing price of the Company’s common stock as reported by Nasdaq on the date of the option grant. The options vest immediately upon grant, have a term of ten years from the date of grant (subject to earlier termination as provided in the Company’s equity plans), and will be granted pursuant to and subject to the terms and conditions of the applicable equity plan and a stock option agreement to be entered into between the parties.

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.

Date: December 12, 2025

	SAFE PRO GROUP INC. ​
	By:	/s/ Daniyel Erdberg
		Daniyel Erdberg
		Chief Executive Officer

FAQ

What change did Safe Pro Group (SPAI) make to its CEO’s compensation?

Safe Pro Group replaced a previously owed grant of 600,000 common shares to CEO Daniyel Erdberg with options to purchase 1,000,000 shares of common stock.

Why was the Safe Pro Group (SPAI) CEO equity award modified?

The award was modified because CEO Daniyel Erdberg had achieved market capitalization milestones where the company maintained values above $60,000,000, $80,000,000, and $100,000,000 for specified periods.

What are the key terms of the new stock options granted to the Safe Pro Group (SPAI) CEO?

The company will grant Mr. Erdberg options to purchase 1,000,000 shares of common stock at an exercise price of $4.15 per share, with a ten-year term, vesting immediately upon grant.

How does the new option grant affect the original 600,000-share obligation at Safe Pro Group (SPAI)?

The option grant is described as being in full satisfaction and complete discharge of the company’s obligation to issue 600,000 shares of common stock under the original employment agreement.

Under what plans or agreements are the new Safe Pro Group (SPAI) CEO options issued?

The options will be granted pursuant to the company’s equity plan and a stock option agreement to be entered into between Safe Pro Group and Daniyel Erdberg.

Do the new Safe Pro Group (SPAI) CEO options vest over time or immediately?

The options granted to CEO Daniyel Erdberg are stated to vest immediately upon grant, with a ten-year term subject to earlier termination under the equity plan.