other material
confidence high
sentiment neutral
materiality 0.50
Glimpse Group grants 2.2M performance-vesting stock options to CEO, CFO, and COO
Glimpse Group, Inc.
- Options exercise price $7.00/share, expire Feb 15, 2033; 4-yr time vesting plus revenue and stock-price milestones.
- CEO Lyron Bentovim receives 1,210,000 options; CFO/COO Maydan Rothblum receives 770,000; David John Smith receives 220,000.
- Revenue targets: $30M, $50M, $75M, $100M over rolling 4 quarters within 7 years; stock price targets: $20, $30, $45, $60 for 15 consecutive trading days.
- Initial tranche (10% of grant) vests quarterly over 4 years; target tranches vest proportionally upon milestone achievement with remaining half over 2 years.
- All unvested options accelerate fully upon a change of control; target options also accelerate upon termination without cause.