secwatch.observer — SEC 8-K summary
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Issuer:     Airship AI Holdings, Inc. (AISP)
CIK:        0001842566
Form:       8-K
Filed at:   2025-03-07T23:59:59+00:00
Accession:  0001654954-25-002466
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Airship AI formalizes President Paul Allen's employment agreement; grants 400K stock options
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- Employment agreement provides base salary of $350,000 per year for three-year term with automatic renewal.
- Upon termination without cause or for good reason, Mr. Allen receives three months' severance.
- Granted 100,000 immediate-vesting options at $3.27/exercise price under 2023 Equity Incentive Plan.
- Granted 300,000 options vesting quarterly over four years at $3.27/exercise price.
- Mr. Allen has served as President since December 2023 and previously as President of subsidiary Airship AI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842566/000165495425002466/0001654954-25-002466-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842566/000165495425002466/airsp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-002466

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