Nuvera grants 86,420 NQSOs to CEO and two NEOs; total value $280,000

Nuvera Communications, Inc.

Board grants 86,420 NQSOs to three NEOs: CEO Zerbe (50,926), CFO Kawlewski & SVP Bornhoft (17,747 each).
Options valued at $280,000 total; exercise price $21.20, vesting one-third annually over three years.
Grant date April 11, 2022; options replace prior disclosure pending Black-Scholes analysis.
Awards based on 55% of CEO base salary and 25% of other NEOs' base salaries.

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