Fingermotion, Inc. 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Fingermotion, Inc. on December 28, 2021. The report details unregistered sales of equity securities and compensatory arrangements for directors and officers. The company is incorporated in Delaware and trades on The Nasdaq Stock Market LLC under the symbol FNGR.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The document focuses exclusively on equity compensation events.
Material Changes
On December 28, 2021, the Company granted an aggregate of 4,545,500 stock options to 40 individuals, including directors, officers, employees, and consultants. Of this total, 1,169,500 options were granted to current directors and officers. The grants were made pursuant to the Company's 2021 Stock Incentive Plan.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on financial outlook, or discussion of risks and contingencies. The stock options granted have an exercise price of $8.00 per share and an expiry date of five years from the grant date. Vesting provisions require 20% vesting on the date of grant and 20% on each of the first four anniversaries.
Key Facts for Investor Verification
- Total options granted: 4,545,500 shares.
- Exercise price: $8.00 per share.
- Options granted to directors and officers: 1,169,500 shares.
- CEO Martin Shen received 230,000 options.
- CFO Yew Hon Lee received 221,000 options.
- Li Li (Legal Representative and General Manager of Shanghai JiuGe) received 420,000 options.
- Regulatory exemptions relied upon: Rule 903 of Regulation S for non-U.S. persons and Section 4(a)(2) for U.S. persons.