Plaid Grants Incentive Stock Options

Company Overview - Plaid Technologies Inc. is focused on commercializing advanced graphene-enhanced materials aimed at improving performance in established markets such as construction, energy, and industrial manufacturing [3][4] - The company's technology enhances existing materials and workflows, facilitating rapid adoption and aligning with sustainability and decarbonization goals [3] Product and Market Focus - The core product is a proprietary graphene-infused concrete formulation that significantly enhances strength, durability, and long-term performance [4] - Initial commercial efforts are concentrated on wellbore cement and subsurface integrity solutions, addressing a regulated market with clear pain points and a strong willingness to pay [5] Market Opportunity - In the U.S., over 4.5 million orphaned and abandoned wells require permanent remediation, representing a potential demand of up to $100 billion for graphene-reinforced concrete [6] - This substantial and non-cyclical addressable market provides a solid foundation for early revenue while allowing the company to expand into adjacent construction and industrial applications, creating a scalable growth platform with long-term potential [6] Stock Options Grant - The company has granted 4,975,000 stock options to directors, officers, and consultants as part of its long-term incentive plan, which was approved by shareholders [1] - Each option is exercisable at a price of $0.30 per share for four years and vests quarterly over twelve months, with shares subject to a four-month hold period [2]