secwatch.observer — SEC 8-K summary
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Issuer:     Precipio, Inc. (PRPO)
CIK:        0001043961
Form:       8-K
Filed at:   2024-09-06T23:59:59+00:00
Accession:  0001104659-24-097730
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043961/000110465924097730/0001104659-24-097730-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043961/000110465924097730/tm2423522-1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-097730

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