---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-018897"
form_type: "8-K"
ticker: "AWRE"
cik: "0001015739"
company_name: "AWARE INC /MA/"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T18:05:01.571137+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Aware completes stock option exchange; 96% of eligible options surrendered for new options at $2.21

## Summary
- 9 executives exchanged options on 2.18M shares (96% of eligible); new options on 933K shares at $2.21.
- CEO R. Eckel surrendered 1.45M options (avg exercise $4.91) for 619K new options.
- CTO M. Lazzouni swapped 375K options (avg $4.98) for 157,873; PFO D. Traverse swapped 100K for 44K.
- New options vest 50% on 1st anniversary and monthly over next 12 months.
- Exchange conducted under 2023 Equity and Incentive Plan; non-employee directors ineligible.

## SEC filing metadata
- accession: 0000950170-24-018897
- form_type: 8-K
- ticker: AWRE
- cik: 0001015739
- company_name: AWARE INC /MA/
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015739/000095017024018897/0000950170-24-018897-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015739/000095017024018897/awre-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-018897
- JSON: https://secwatch.observer/filing/0000950170-24-018897.json
- Plain text: https://secwatch.observer/filing/0000950170-24-018897.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.