secwatch.observer — SEC 8-K summary
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Issuer:     DNA X, Inc. (SONM)
CIK:        0001178697
Form:       8-K
Filed at:   2026-08-27T11:32:37+00:00
Accession:  0001493152-26-040324
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

DNA X approves cash grants to board, incl. CEO, in lieu of RSUs
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- Cash grant based on phantom RSUs valued at $60,000, vesting at earlier of 2027 annual meeting or change in control.
- Grant made due to unavailability of shares under 2019 Equity Incentive Plan.
- Payable at fair market value of common stock at vesting event.
- All board members, including CEO Mike Mulica, receive the award.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1178697/000149315226040324/0001493152-26-040324-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1178697/000149315226040324/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-040324

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