other_material
confidence high
sentiment neutral
materiality 0.55
Zapata Computing grants 16M stock options to two advisors at $0.002 exercise price
Zapata Quantum, Inc.
- 8,000,000 options granted to each of two advisors (16M total) under advisory agreements.
- Exercise price set at $0.002 per share; options are non-qualified (5-year term).
- Vesting: 25% after one-year anniversary, remainder monthly over three years; accelerated on change of control.
- Options may be exercised via cash or cashless exercise at recipient's election.
- Advisors are not named in filing; form of option agreement filed as Exhibit 10.1.
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