NeoVolta cancels CEO/CFO RSUs; issues stock options for 1.88M and 352k shares at $3.54

NeoVolta Inc.

CEO Ardes Johnson's RSU for 1,280,000 shares cancelled; replaced with options to buy 1,880,166 shares at $3.54.
CFO Steve Bond's RSU for 240,000 shares cancelled; replaced with options to buy 352,531 shares at $3.54.
Options vest 25% on grant date and 25% annually over three years; expire Feb 23, 2031.
Compensation Committee approved option grants as equivalent value of cancelled RSUs.

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