secwatch.observer — SEC 8-K summary
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Issuer:     Zedge, Inc. (ZDGE)
CIK:        0001667313
Form:       8-K
Filed at:   2021-09-10T23:59:59+00:00
Accession:  0001213900-21-047305
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1667313/000121390021047305/0001213900-21-047305-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1667313/000121390021047305/ea147154-8k_zedgeinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-047305

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