Knightscope Quadruples Workforce to Over 400 Strong; Company Approves Inducement Grants Under Nasdaq Rule 5635(c)(4)
Knightscope, Inc. (NASDAQ:KSCP), the security technology company building the Nation's First Autonomous Security Force, today announced a significant expansion of its workforce to over 400 personnel supporting its growing technology-enabled security services operations.
In connection with these new hires, the Compensation Committee of the Company's Board of Directors approved equity awards to 320 employees as inducement grants material to their employment with the Company.
In the aggregate, the inducement grants consist of 329,526 shares of the Company's common stock. The inducement grants were approved by the Compensation Committee of the Company's Board of Directors and were granted as a material inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4).
The awards have an exercise price of $3.82, which is equal to the closing price of Knightscope's common stock on March 13, 2026, and will vest, with respect to 25% of the shares subject to each such award, on the first anniversary of the date of grant, with the remaining shares vesting in equal monthly installments over a three-year period, in each case, subject to such employee's continued service with Knightscope through the applicable vesting dates.
The awards were issued across multiple employee tiers supporting the Company's expanding operations, including 290 security agents responsible for client deployments and recurring revenue-generating security services, as well as 30 supervisory and leadership personnel.
The workforce expansion reflects Knightscope's continued evolution toward a technology-enabled managed services provider, delivering security at scale through a combination of autonomous technologies and trained security personnel supporting client deployments nationwide.
"In an industry historically challenged by extremely high turnover, we believe building a world-class workforce starts with creating ownership and opportunity," said William Santana Li, Chairman and Chief Executive Officer, Knightscope, Inc. "By expanding our workforce and offering equity participation to new team members, we aim to attract and retain mission-driven professionals committed to helping us build the Nation's First Autonomous Security Force."
"This expansion reflects growing demand for our technology-enabled security services and the operational capacity required to support that growth," said Eric Rose, President, Knightscope Security Force. "Providing equity participation to frontline personnel helps differentiate Knightscope in a highly competitive labor market while reinforcing a culture of accountability, quality, and long-term commitment to our clients."
The Company also authorized corporate officers to grant inducement equity awards to new hires, consistent with Nasdaq Listing Rule 5635(c)(4), to support continued workforce expansion.
Professionals interested in joining the Knightscope Security Force supporting Knightscope deployments can learn more about opportunities through the newly acquired company Event Risk at:
The expansion supports Knightscope's growing base of recurring revenue deployments nationwide.
About Knightscope
Knightscope is a security technology company building the Nation's First Autonomous Security Force. The Company combines autonomous machines, advanced software, and human expertise to help protect people, property, and critical infrastructure. Knightscope's long-term mission is to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by the use of words such as "should," "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," "proposes" and similar expressions. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company's goals, profitability, growth, prospects, reduction of expenses, and outlook. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from such forward-looking statements, including the factors discussed under the heading "Risk Factors" in Knightscope's Annual Report on Form 10-K for the year ended December 31, 2024, as updated by its other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.
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