---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-020364"
form_type: "8-K"
ticker: "APYP"
cik: "0001568969"
company_name: "APPYEA, INC"
filed_at: "2024-05-17T23:59:59+00:00"
generated_at: "2026-06-01T15:44:40.895480+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AppYea converts $458k unpaid compensation to stock options; director Neil Kline resigns

## Summary
- Chairman Molchadsky converts $139,150 at $0.07/share (1,987,858 shares); CFO Porat converts $154,589 at $0.04/share.
- CEO Shemer converts $44,284 at $0.04/share (1,122,239 shares); also granted 6,000,000 options at $0.0001, vesting July 1, 2024.
- Remaining $70k (BM) and $50k (AP) unpaid compensation to be paid in 20 monthly installments after $1.5M raise or 7 months positive cash flow.
- Director Neil Kline resigned May 14, not due to disagreements; receives 3M restricted shares (750k vested, rest quarterly) as consultant.
- All conversions and share issuances are under Israeli tax-qualified stock option plans.

## SEC filing metadata
- accession: 0001493152-24-020364
- form_type: 8-K
- ticker: APYP
- cik: 0001568969
- company_name: APPYEA, INC
- filed_at: 2024-05-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1568969/000149315224020364/0001493152-24-020364-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1568969/000149315224020364/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-020364
- JSON: https://secwatch.observer/filing/0001493152-24-020364.json
- Plain text: https://secwatch.observer/filing/0001493152-24-020364.txt

## Key facts
- Executive change
  Neil Kline resigned as Director at APPYEA, INC.
  - Action: resigned
  - Role: Director
  source text: On May 14, 2024, Neil Kline notified the board of directors (the "Board") of the Company of his resignation from the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1568969/000149315224020364/0001493152-24-020364-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.