---
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"
generated_at: "2026-06-16T05:10:31.544397+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Trend Innovations hires Paul Averill as COO with $600K stock salary, up to $1.2M on uplist

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001740797-23-000035
- JSON: https://secwatch.observer/filing/0001740797-23-000035.json
- Plain text: https://secwatch.observer/filing/0001740797-23-000035.txt

## Key facts
- Executive change
  Paul Averill was appointed as Chief Operating Officer at AVAI BIO, INC..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1740797/000174079723000035/0001740797-23-000035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.