Zelluna ASA - Grant of Share Options under Long-Term Incentive Program

Core Points - Zelluna ASA has authorized the issuance of new share options to employees and board members as part of a long-term incentive program approved by the General Meeting on April 29, 2025 [1] - A total of 1,634,000 share options have been distributed, representing 8.0% of the outstanding shares, with the combined total from previous and current programs at 8.7% [2] - Each option allows the acquisition of one share at an exercise price of NOK 13.34, based on the volume-weighted average price over the last 30 days [4] Employee Vesting Schedule - For employees, 33% of the options will vest after one year, another 33% after two years, and the final 33% after three years, contingent on continued employment [3] - Board members will have all options vest after one year [3] Option Grants to Executives - CEO Namir Hassan has been granted 550,000 options, CFO Hans Vassgård Eid 175,000 options, COO Anders Holm 145,000 options, Head of Research Luise Weigand 145,000 options, and Head of CMC Emilie Gauthy 80,000 options [4][5] - Other executives and board members have also received options, with specific allocations detailed [5][6]