---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-047305"
form_type: "8-K"
ticker: "ZDGE"
cik: "0001667313"
company_name: "Zedge, Inc."
filed_at: "2021-09-10T23:59:59+00:00"
generated_at: "2026-06-29T04:34:46.369949+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-21-047305
- form_type: 8-K
- ticker: ZDGE
- cik: 0001667313
- company_name: Zedge, Inc.
- filed_at: 2021-09-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1667313/000121390021047305/0001213900-21-047305-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1667313/000121390021047305/ea147154-8k_zedgeinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-047305
- JSON: https://secwatch.observer/filing/0001213900-21-047305.json
- Plain text: https://secwatch.observer/filing/0001213900-21-047305.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.