secwatch.observer — SEC 8-K summary
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Issuer:     Functional Brands Inc. (MEHA)
CIK:        0001837254
Form:       8-K
Filed at:   2026-07-02T20:16:20+00:00
Accession:  0001213900-26-074986
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Functional Brands amends CEO pay: replaces $500K RSU with fully vested option for 3.5M shares at $0.0055
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- Amendment No. 3 to CEO Eric Gripentrog's employment agreement approved June 30, 2026.
- Replaces prior $500,000 RSU award with option to purchase 3,500,000 shares at $0.0055/share.
- Option is fully vested immediately, has 10-year term, grant-date fair value ~$14,685.
- Option is an incentive stock option under the 2026 Equity Incentive Plan.
- No other changes to employment agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837254/000121390026074986/0001213900-26-074986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837254/000121390026074986/ea0296918-8k_functional.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-074986

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