2.5 million unvested options with change of control acceleration
Company: Marathon Digital
The claim, verbatim
An additional 2,500,000 stock options were granted to Merrick Okamoto under the Employment Agreement dated October 11, 2018, which may be accelerated following a change of control or in certain other circumstances
Source (primary)
Marathon Digital SC 13D filed 2018-10-16 (SEC EDGAR, sec_filing)
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Quote: “An additional 2,500,000 stock options have not vested and are subject to certain restrictions and are not currently exercisable and will not become exercisable within sixty (60) days of the date hereof, although they may be accelerated following a change of control and in certain other circumstances under the Employment Agreement entered between the Issuer and Merrick Okamoto dated October 11, 2018.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Marathon Digital SC 13D filed 2018-10-16
Quote: “An additional 2,500,000 stock options have not vested and are subject to certain restrictions and are not currently exercisable and will not become exercisable within sixty (60) days of the date hereof, although they may be accelerated following a change of control and in certain other circumstances under the Employment Agreement entered between the Issuer and Merrick Okamoto dated October 11, 2018.”