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

Issuer:     ZeroStack Corp. (ZSTK)
CIK:        0001790169
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0001062993-24-016208
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flora Growth awards CEO Starke 575K, CFO Vaiman 192K stock appreciation rights at $0.9149 base price
--------------------------------------------------------------------------------

- Shareholders approved SARs for CEO Clifford Starke (575,319 rights) and CFO Dany Vaiman (191,773) at August 14, 2024 annual meeting.
- Exercise price is $0.9149 per right; term is 10 years with one-year post-termination exercise window.
- Vesting requires share price increases: first tranche vests at +50%, each subsequent tranche requires an additional +50% (CEO up to 600%, CFO up to 400%).
- SARs settle only in shares; no cash dividend or cash settlement rights; forfeitable if shareholder approval had not been obtained.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1790169/000106299324016208/0001062993-24-016208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1790169/000106299324016208/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-24-016208

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