SANUWAVE Health Inc.
10/25/2024 | Press release | Distributed by Public on 10/25/2024 14:36
Management Change/Compensation Form 8 K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 22, 2024, Sanuwave Health, Inc. (the "Company") granted stock options under the Company's 2024 Equity Incentive Plan (the "2024 Plan") to the following current and former executive officers in the following amounts:
|
Name
|
Number of Stock Options
|
|
Morgan Frank
|
160,000
|
|
Peter Sorensen
|
88,000
|
|
Tim Hendricks
|
50,667
|
|
Kevin A. Richardson, II
|
66,667
|
All options have a per share exercise price equal to $14.20, which was the closing price per share of the Company's common stock on the grant date, and the options shall vest and become exercisable in 12 equal installments on each quarterly anniversary of the grant date. The options have a term of ten years and are subject to the terms and conditions of the 2024 Plan and the applicable award agreement. The foregoing description of the stock option grants is qualified by reference to the Company's form of stock option award agreement filed as Exhibit 10.1 and incorporated herein by reference.