Castellum extends CEO Glen Ives' contract to Dec 2027, grants 773,630 stock options

Castellum, Inc.

CEO Glen Ives' employment extended 18 months through Dec 31, 2027; base salary $375k, rising to $386,250 on July 1, 2027.
Awarded 773,630 incentive stock options at $0.73 exercise price, vesting quarterly over extended term.
Vesting accelerated on prior 500,000 option grant (exercise $1.07) to be fully vested by Dec 31, 2027.
Eligible for annual cash incentive up to 25% of base salary based on performance thresholds; discretionary bonus up to 25%.
Acquisition bonus up to 100% of base salary if net sales targets ($70M-$100M) met; committee may award discretionary acquisition bonus up to 50%.

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