iPower grants 1.2M stock options to CEO Lawrence Tan at $1.43 exercise price

iPower Inc.

1,200,000 options granted under 2020 Equity Incentive Plan; exercise price $1.43 (110% of FMV on grant date).
Options vest: 30,000 immediate on Aug 29, 2024; 32,500 monthly from Sept 1, 2024 to Aug 1, 2027.
Option term is 5 years; award subject to standard vesting conditions and plan terms.
Grant recommended by compensation committee and approved by board on August 29, 2024.

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