other material
confidence high
sentiment neutral
materiality 0.25
Scilex adjusts non-employee director equity grants post 1-for-35 reverse stock split
Scilex Holding Co
- Initial option grant reduced from 250,000 to 7,142 shares per new director.
- Annual option grant for continuing directors reduced from 100,000 to 2,857 shares.
- Cash compensation unchanged: Board $82,500, committee chairs $37,500, other members $15,000.
- Policy effective retroactively to April 15, 2025.
- Share numbers subject to adjustment for future splits, dividends, etc.