Moatable appoints Scott Stone as CFO; CEO granted 250k options and RSUs

Moatable, Inc.

Scott Stone named CFO effective July 1, 2024, replacing interim CFO Michael Schifsky.
Stone receives $275k annual salary, 30% target bonus ($82.5k), and equity in subsidiaries Lofty and Trucker Path.
CEO Joseph Chen granted 250,000 options at $0.65 (closing price) vesting over 4 years.
Chen also granted 6,750 RSUs each in Lofty Inc. and Trucker Path Inc., vesting over 4 years.
Stone's severance provides 6 months salary and COBRA if terminated without cause after one year.

item 5.02

Executive movements

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Appointed

Scott Stone

Chief Financial Officer

Moatable, Inc.

Effective: 2024-07-01
Filed: July 1, 2024, 7:59 PM ET

Mr. Scott Stone will start serving as chief financial officer of Moatable, Inc. (the “Company”) on July 01, 2024.

Departed (interim)

Michael Schifsky

Interim Chief Financial Officer

Moatable, Inc.

Effective: 2024-07-01
Successor: Scott Stone
Filed: July 1, 2024, 7:59 PM ET

Mr. Stone will replace Mr. Michael Schifsky, the interim chief financial officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Stone was appointed as Chief Financial Officer at Moatable, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Mr. Scott Stone will start serving as chief financial officer of Moatable, Inc. (the “Company”) on July 01, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Michael Schifsky departed as Interim Chief Financial Officer at Moatable, Inc..

Action: replaced
Role: Interim Chief Financial Officer

Exact text from the filing

Mr. Stone will replace Mr. Michael Schifsky, the interim chief financial officer.

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Source: SEC EDGAR

accession 0001104659-24-076560

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