Kakao Pay Amends Stock Option Grant Disclosure - Reduced Grantees and Shares
- Adjustment of stock option grant due to resignation of grantees: Grantees from 711 to 701, granted shares from 360,440 to 354,840, total outstanding from 738,095 to 627,490.
- Exercise price based on arithmetic average of volume-weighted average closing prices for 2-month, 1-month, and 1-week periods preceding the grant date (compliant with regulations).
- Exercise period: August 2, 2024 to August 2, 2027, vesting gradually based on service period (30% after 2 years, 30% after 3 years, 40% after 4 years).
- Fair value estimation using binomial model: expected exercise period 3.5 years, risk-free rate 3.135%, expected volatility 61.32%.
- Grant method: Company may choose between issuance of new shares or delivery of treasury shares at exercise.
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KOSPI Filing Information
- Filing: [Correction of Description] Report on Grant of Stock Options
- Company: Kakaopay (377300)
- Submission: Kakaopay Corp.
- Receipt: 05-06-2026