Precipio reprices ~177,000 options to $6.56 for employees and directors

Precipio, Inc.

Board approved repricing of options granted before Dec 31, 2022 with exercise prices above $6.56 to $6.56 (Aug 30 close).
Approximately 177,000 of 304,000 total outstanding options repriced; affects employees, directors, and service providers.
CEO Ilan Danieli had 44,971 of 65,471 options repriced; CFO Matthew Gage had 3,824 of 11,574 repriced.
Retention clause: if exercised or employment ends for cause voluntarily within 1 year, original exercise price applies.
Repricing not subject to stockholder approval; accounting impact expected in Q3 2024.

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