Precipio Inc. filed SEC Form 8-K: Leadership Update
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On January 14, 2025 , the Compensation Committee (the “Committee”) of the Board of Directors of Precipio, Inc. (the “Company”) granted certain options (the “Options”) to officers of the Company as part of the Company’s annual long term incentive equity grants, including Ilan Danieli, Ayman Mohamed, Ahmed Zaki Sabet and Matthew Gage (the “Grant”). The Options were granted pursuant to the Company’s Amended & Restated Stock Option and Inventive Plan, as amended and vest in their entirety when the 10-day volume-weighted average price of the Company’s common stock exceeds $30.30 per share, which is five times greater than the option exercise price of $6.06, the closing price of the Company’s common stock on January 14, 2025. If the aforementioned performance is not met, the Options will not vest. The Options are expire on January 14, 2035. The Company granted an aggregate of 34,000 options to the officers of the Company.
The following table sets fort the Options grants to the Company’s names executive officers and Chief Financial Officer:
| Name | Total Options |
| Ilan Danieli | 8,000 |
| Ayman Mohamed | 6,000 |
| Ahmed Zaki Sabet | 6,000 |
| Matthew Gage | 4,000 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PRECIPIO, INC. | ||
| By: | /s/ Ilan Danieli | |
| Name: | Ilan Danieli | |
| Title: | Chief Executive Officer | |
Date: January 21, 2025