I-ON Digital adopts 2026 equity plan; grants 66,750 Series E options to officers, employees

I-ON Digital Corp.

Plan reserves 100,000 Series E Convertible Preferred shares; annual evergreen increase of 4% of outstanding capital stock for up to 10 years.
CEO Carlos Montoya receives 20,000 Series E options: 18,000 time-vesting over 2 years + 2,000 performance-based on Nasdaq uplisting and strategic partnership.
Other officers (Park, Hoffman, Jubilee, White) each receive 4,000–7,000 Series E options with time-vesting and individual performance milestones.
Additional 20,750 Series E options granted to other employees, consultants, and service providers.
Exercise price $145 per Series E share (implied common strike $0.29 based on 500:1 conversion ratio).

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