secwatch.observer — SEC 8-K summary
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Issuer:     Nano Magic Inc. (NMGX)
CIK:        0000891417
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001493152-24-029544
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Nano Magic grants CEO 500K options plus up to 1M performance-based; CFO 60K options
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891417/000149315224029544/0001493152-24-029544-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891417/000149315224029544/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-029544

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