other material
confidence high
sentiment neutral
materiality 0.50
Nano Magic grants CEO 500K options plus up to 1M performance-based; CFO 60K options
Nano Magic Inc.
- CEO Tom Berman: 250K options vested immediately, 250K vest Dec 31, 2024; up to 1M more if board uses options for EBITDA-based bonus.
- CFO Leandro Vera: 60K options, half vested immediately, rest ratably through 2024.
- All options have exercise price $0.31 per share; CEO options expire 5 yrs from vesting, CFO options expire Dec 31, 2029.