MDB Capital senior execs to swap 3.6M RSUs for options with performance vesting at $20

MDB Capital Holdings, LLC

3,600,000 RSUs from April 2022 to be cancelled in exchange for new stock option awards.
New awards: 1,600,000 time-based options vesting over 2 years and 2,000,000 performance-based options.
Performance options vest when Class A shares exceed $20.00 per share or aggregate dividends/distributions exceed $20.00 per share.
Board has authorized preliminary terms; final award terms subject to further board approval.

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