Wolfspeed adopts 2025 Inducement Award Plan, reserves 2M shares for new-hire equity grants

WOLFSPEED, INC.

Board adopted 2025 Inducement Award Plan effective May 1, 2025.
2,000,000 shares of common stock reserved for issuance under the plan.
Plan permits stock options, SARs, restricted stock, RSUs, performance shares/units, and other awards.
Awards limited to new employees as material inducement per NYSE listing rule; shareholder approval not required.
Plan is substantially similar to Wolfspeed's 2023 LTIP but tailored for inducement grants.

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