Avant Technologies hires Jared Pelski as VP of Business Development with $200K salary and equity incentives

AVAI BIO, INC.

Jared Pelski appointed Vice President – Business Development effective January 17, 2024.
Base salary of $200,000 per year, annual cash bonus up to 25% of base, and one-time $25,000 sign-on bonus.
Initial ISO grant for 0.6% of outstanding common stock at $0.01 strike price, 4-year vesting with 1-year cliff.
Eligible for Restricted Stock Awards at 15% discount to VWAP; up-listing bonus of $300,000 RSA if Nasdaq-listed.
Commission on sales and origination bonus for capital raised using Lehman scale.

item 1.01 item 5.02 item 9.01

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Appointed

Jared Pelski

Vice President – Business Development

AVAI · AVAI BIO, INC.

Effective: 2024-01-17
Filed: January 19, 2024, 6:59 PM ET

Mr. Pelski assumed the role of Vice President – Business Development at the Company on January 17, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Jared Pelski was appointed as Vice President – Business Development at AVAI BIO, INC..

Action: appointed
Role: Vice President – Business Development

Exact text from the filing

Mr. Pelski assumed the role of Vice President – Business Development at the Company on January 17, 2024.

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Source: SEC EDGAR

accession 0001740797-24-000003

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