Netcapital Inc.
For the period ended Aug 14, 2024. Filed Aug 14, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Aug 14, 2024 · Filed Aug 14, 2025
Contents
Option Table
| Name and Position | Title and Amount of Securities Underlying Options | Prices, expiration dates or other material conditions upon which options may be exercised | Consideration received by company for granting options | Market value of potions as of the latest practicable date | Federal income tax consequences of the issuance and exercise of options |
|---|---|---|---|---|---|
| Martin Kay – Chief Executive Officer | 100,000 | $2.68, June 8, 2035, not exercisable until stockholder approval of the Plan Amendments | none | $342,279 | none |
| Coreen Kraysler – Chief Financial Officer | 100,000 | $2.68, June 8, 2035, not exercisable until stockholder approval of the Plan Amendments | none | $342,279 | none |
| Jason Frishman – Founder | 10,000 | $2.68, June 8, 2035, not exercisable until stockholder approval of the Plan Amendments | none | $34,228. | none |
| All executive officers as a group | 210,000 | ||||
| All directors who are not executive officers, as a group – June 8, 2025 grant | 4,000 | $2.68, June 8, 2035, not exercisable until stockholder approval of the Plan Amendments | none | $13,691 | none |
| All directors who are not executive officers, as a group – July 31, 2025 grant | 160,000 | $3.39, July 31, 2035, not exercisable until stockholder approval of the Plan Amendments | none | $547,646 | none |
| Matt Morgan | 367,179 | $2.68, June 6, 2035, not exercisable until stockholder approval of the Plan Amendments | none | $1,256,049 | none |
| Employees as a group (excluding executive officers) | 151,000 | $2.68, June 8, 2035, not exercisable until stockholder approval of the Plan Amendments | none | $516,841 | none |
| Totals | 875,000 | ||||
No appraisal rights are available under the Utah Revised Business Corporations Act or under our Articles of Incorporation, or our Bylaws, as amended, with respect to the Proposal No. 4.
Members of the Board and executive officers of the Company have an interest in Proposal 4 as it relates to a compensatory plan in which our directors and executive officers participate.
The affirmative vote of a majority of the votes cast at the Annual Meeting is required to approve Proposal No. 4.
The Board unanimously recommends a vote “FOR” Proposal No. 4.
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