secwatch.observer — SEC 8-K summary
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Issuer:     MILESTONE SCIENTIFIC INC. (MLSS)
CIK:        0000855683
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001493152-26-021506
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Milestone Scientific reprices CEO & SVP options and proposes PRSU plan with up to 17.2M shares
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- CEO Eric Hines and SVP Jason Papes surrender options at $0.46-$0.50 for new options at $0.31 exercise price.
- New options vest 500K shares immediately (accelerated from 200K) and 750K on each of next two anniversaries.
- PRSU sub-plan subject to stockholder approval; aggregate pool of 17,234,635 shares if all five milestones met.
- PRSU grants of 5.17M shares to Hines and 3.02M each to Harcum and Papes (total 11.2M shares).
- Performance milestones: LTM net sales >$11M/$13M/$15M, market cap >$50M, qualified acquisition with >$10M revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/855683/000149315226021506/0001493152-26-021506-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/855683/000149315226021506/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-021506

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