secwatch.observer — SEC 8-K summary
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Issuer:     GRAIL, Inc. (GRAL)
CIK:        0001699031
Form:       8-K/A
Filed at:   2024-07-02T23:59:59+00:00
Accession:  0001628280-24-030858
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GRAIL converts pre-spin awards to 6.6M RSUs; sets 2024 Plan share limit at 8.66M
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- Cash-based equity awards converted to 6,589,187 RSUs under 2024 Plan based on VWAP over four days post-Distribution.
- Initial 2024 Plan share reserve: 8,656,817 shares (23% of fully diluted shares post-spin), inclusive of converted RSUs.
- ESPP initial share reserve: 414,021 shares (1.1% of fully diluted shares post-spin).
- Non-employee Director annual compensation capped at $750,000 ($1,000,000 in initial year or lead director year).
- All awards granted under 2024 Plan and ESPP effective as of June 21, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699031/000162828024030858/0001628280-24-030858-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699031/000162828024030858/gral-20240624.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-030858

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