GreenPower Announces Annual Stock Option Grants

Core Viewpoint - GreenPower Motor Company Inc. announced its annual stock option grant to Directors, Officers, Employees, and Consultants, highlighting its commitment to incentivizing key personnel in the company [1]. Group 1: Stock Option Grant Details - The company granted a total of 800,000 incentive stock options, with 525,000 options allocated to four Independent Directors and three Officers, 250,000 options to employees, and 25,000 options to a consultant [2]. - The stock options are subject to TSX Venture Exchange approval and are exercisable for five years at a price of CDN $0.78 per share [2]. - Each Director and the CFO received 75,000 stock options, which will vest in increments starting four months after the grant date, fully vesting one year after the grant date [2]. Group 2: Company Overview - GreenPower designs, builds, and distributes a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans [3]. - The company employs a clean-sheet design approach to manufacture zero-emission vehicles, integrating global suppliers for key components to meet various operator specifications [3]. - Founded in Vancouver, Canada, GreenPower has primary operational facilities in southern California and has been listed on the Toronto exchange since November 2015, completing its U.S. IPO and NASDAQ listing in August 2020 [3].