secwatch.observer — SEC 8-K summary
======================================

Issuer:     AWARE INC /MA/ (AWRE)
CIK:        0001015739
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000950170-24-018897
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1015739/000095017024018897/0000950170-24-018897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1015739/000095017024018897/awre-20240220.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-018897

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer