{"schema_version":"secwatch.filing_event.v1","accession":"0001740797-23-000035","form_type":"8-K","ticker":"AVAI","cik":"0001740797","company_name":"AVAI BIO, INC.","filed_at":"2023-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.337934+00:00","generated_at":"2026-06-16T05:10:31.544397+00:00","sec_items":["1.01","3.02","5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Trend Innovations hires Paul Averill as COO with $600K stock salary, up to $1.2M on uplist","bullets":["Paul Averill appointed COO effective April 27, 2023; base salary $600K/yr in shares, increasing to $1.2M upon Nasdaq uplisting.","Shares paid quarterly at $150K/quarter based on 20-day VWAP; one-time $150K cash payment after equity raise.","Employment term expires May 1, 2024; either party can terminate with 30 days' notice.","Shares issued under Section 4(a)(2) exemption as unregistered securities to accredited investor."],"urls":{"canonical":"https://secwatch.observer/filing/0001740797-23-000035","json":"https://secwatch.observer/filing/0001740797-23-000035.json","markdown":"https://secwatch.observer/filing/0001740797-23-000035.md","text":"https://secwatch.observer/filing/0001740797-23-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1740797/000174079723000035/0001740797-23-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1740797/000174079723000035/tren8k_averill.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T05:10:31.544397+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0c7c67edb1","claim":"Paul Averill was appointed as Chief Operating Officer at AVAI BIO, INC..","evidence_excerpt":"On April 27, 2023, Trend Innovations Holding Inc. (the “Company”) and Paul Averill entered into an Employment Agreement pursuant to which Mr. Averill was retained as Chief Operating Officer (“COO”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1740797/000174079723000035/0001740797-23-000035-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}