SmartKem enhances CEO severance, grants equity awards to executives and directors

SmartKem, Inc.

CEO Ian Jenks severance increased from 6 to 12 months base salary if terminated without cause or resigns for good reason.
Options granted: CEO 160,005 shares, CFO 71,077 shares, four non-employee directors 22,466 shares each.
Exercise price $1.16 (closing price on grant date Sept 3, 2025); 25% vest on grant, remainder over 36 months.
Shares outstanding as of Sept 5, 2025: 5,479,787.

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