secwatch.observer — SEC 8-K summary
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Issuer:     APPYEA, INC (APYP)
CIK:        0001568969
Form:       8-K
Filed at:   2023-07-07T23:59:59+00:00
Accession:  0001493152-23-023979
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AppYea appoints Adi Shemer as CEO with option for 11.5M shares
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- Shemer appointed CEO of AppYea effective July 1, 2023; previously consultant since Feb 2023.
- Monthly salary of NIS 40,000 ($10,800), half deferred until company raises at least $1M in capital.
- Options for 11.5M shares at $0.0001 exercise price, vesting quarterly over 30 months; additional 11.5M options later.
- Consulting services options: 1M shares fully vested, $0.0001 exercise price, exercisable through July 2033.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568969/000149315223023979/0001493152-23-023979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568969/000149315223023979/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-023979

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