Zedge grants 288,951 DSUs to executives; 70% vest subject to $451M market cap

Zedge, Inc.

Michael Jonas (Exec Chairman) receives 29,000 DSUs; Jonathan Reich (CEO) 58,000; Yi Tsai (CFO) 24,000.
Total DSU grant up to 288,951 shares of Class B common stock.
70% of DSUs vest only if company market cap reaches $451M for 5 consecutive trading days by Sept 7, 2024; otherwise expire.
Remaining 30% vest on time-based schedule (25% Sept 2022, 33% Sept 2023, 42% Sept 2024) subject to continued employment.

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