Zedge CEO Jonathan Reich moves to President/COO under new pact with $390K salary, 100K-share award

Zedge, Inc.

Reich ceased serving as CEO effective Sept 30, 2026 and became President and Chief Operating Officer on Oct 1, 2026, reporting directly to the CEO.
Employment agreement dated Oct 14, 2026 runs three years through Sept 30, 2029; base salary $390,000, rising $15,000 each July 31 during the term.
Minimum annual performance bonus of $124,313 beginning fiscal 2026; one-time catch-up payment reflecting the salary increase retroactive to Aug 1, 2026.
Equity award of 100,000 Class B shares (restricted stock plus DSUs) within 150 days of Oct 1; 1/12 vests at grant, remainder quarterly through Oct 1, 2029.
Severance of up to two years' base salary plus prorated minimum bonus and full equity acceleration if terminated without Cause or resigning for Good Reason.

item 5.02 item 9.01

Executive movements

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Role change

Jonathan Reich

President and Chief Operating Officer

ZDGE · Zedge, Inc.

Effective: 2026-10-01
Filed: October 19, 2026, 1:27 PM ET

As previously disclosed in the Current Report on Form 8-K filed by Zedge, Inc. (the “Company”) on August 31, 2026, Jonathan Reich ceased to serve as Chief Executive Officer of the Company effective as of September 30, 2026, and, effective October 1, 2026, Mr. Reich commenced service as President and Chief Operating Officer of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.98

Jonathan Reich changed role as President and Chief Operating Officer at Zedge, Inc..

Action: ceased to serve as Chief Executive Officer and commenced service as President and Chief Operating Officer
Role: President and Chief Operating Officer

Exact text from the filing

As previously disclosed in the Current Report on Form 8-K filed by Zedge, Inc. (the “Company”) on August 31, 2026, Jonathan Reich ceased to serve as Chief Executive Officer of the Company effective as of September 30, 2026, and, effective October 1, 2026, Mr. Reich commenced service as President and Chief Operating Officer of the Company.

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Source: SEC EDGAR

accession 0001213900-26-110602

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