What changed 10-K

Item 5. Market for Registrant’s Common Equity

2026-03-23 compared with 2025-03-20 · 4 added, 0 removed, 11 unchanged (27% of the section changed)

10 unchanged sentences

Information required by Item 5 of Form 10-K regarding our equity compensation plans is incorporated herein by reference to Item 12 of Part III of this Annual Report on Form 10-K.

Unregistered Sales of Equity Securities

During the fourth quarter of 2025, we granted inducement stock options outside of the 2021 Long-Term Performance Incentive Plan covering 30,000 shares of the Company’s common stock to a new employee (the “Inducement Grant”) with an exercise price of $0.97 per share.

The Inducement Grant will vest as to 25% of the shares on the first anniversary of the date of grant and in successive equal monthly installments over the subsequent three years, subject to continued employment with the Company and the terms and conditions in the stock option agreement.

The options were granted pursuant to the exemption contained in Section 4(a)(2) of the Securities Act of 1933.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.