other material
confidence high
sentiment neutral
materiality 0.50
Eloxx reprices CEO's 196,880 options to $0.0001, accelerates vesting
Eloxx Pharmaceuticals, Inc.
- CEO Sumit Aggarwal holds 196,880 options with weighted avg exercise price $0.90 repriced to $0.0001.
- Options granted under 2018 Equity Incentive Plan; exercisable in full as of Oct 16, 2024 regardless of vesting.
- New exercise price set to $0.0001, the closing OTC price on the repricing date.
- Option repricing approved by Board on Oct 16, 2024; amendment approved by Compensation Committee.