secwatch.observer — SEC 8-K summary
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Issuer:     Jushi Holdings Inc. (JUSHF)
CIK:        0001909747
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001628280-24-037190
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jushi Holdings approves option repricing for 9.1M shares; CEO waives 2024 LTIP grant
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- Board approved one-time cancellation and regrant of up to 9,136,758 options (34.7% of outstanding) for 6 senior managers and 4 directors.
- CEO Jim Cacioppo cancels 5,385,000 vested options and waives 2024 LTIP grant of 3,000,000 options; receives 5,385,000 replacement options.
- CEO replacement options vest 50% immediately, 50% on first anniversary; others vest over 3 years.
- Replacement options reissued after 30-day period at current market price with 10-year term.
- Program voluntary; non-participating options remain unchanged under original terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1909747/000162828024037190/0001628280-24-037190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1909747/000162828024037190/jush-20240812.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-037190

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