VIP Play increases stock plan shares to 18.25M; awards 7.28M RSUs to CEO, 500K to VP

VIP Play, Inc.

Board approved increase in 2023 Stock Plan shares from 5,960,000 to 18,250,000; subject to stockholder approval within 12 months.
Plan amended to allow Restricted Stock Units (RSUs) as a new award type; stockholder approval not required for RSUs.
CEO Les Ottolenghi awarded 7,284,464 RSUs; vesting quarterly over 4 years starting Jan 1, 2026, with 455,279 RSUs vested immediately.
VP John Dermody awarded 500,000 RSUs; same 4-year quarterly vesting with 31,250 RSUs vested immediately.
Vesting accelerates upon Sale Event, termination without Cause (for CEO), or resignation with Good Reason (for CEO only).

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