Kakao Corrects Stock Option Grant - Reduction Due to Resignations and CEO Voluntary Exercise Deferral
- Reason for correction: cancellation of some stock options due to resignations (34 persons, 54,830 shares decreased)
- Grantees: 3,128→3,094 persons; Shares granted: 626,411→571,581; Total outstanding: 4,459,563→4,362,936
- Exercise price: fair value 30,115 won (binomial model, risk-free rate 3.297%, expected volatility 43.67%)
- CEO Hong Eun-taek: 49,162 shares allocated, plans to defer exercise until stock price doubles
- Exercise period: 2025.03.28~2030.03.28; vesting: after 2 years 100% or split after 2/3 years
- Others: new share issuance or treasury stock delivery method; exercise price adjustments possible
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KOSPI Filing Information
- Filing: [Correction of Description] Report on Grant of Stock Options
- Company: Kakao (035720)
- Submission: Kakao Corp.
- Receipt: 05-14-2026