8-K - Ethzilla Corp. | StockGist

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Forum Markets, Incorporated granted equity awards totaling $5.93 million to CEO McAndrew Rudisill and CFO John Saunders on April 2, 2026, comprising performance and restricted stock units under the 2025 Omnibus Incentive Plan to align executive interests with shareholders and address prior lack of equity compensation.

Key Takeaways

1CEO McAndrew Rudisill received a one-time initial PSU/RSU award valued at $4,285,500 and a prorated 2025 annual award valued at $898,194, reflecting no prior unvested equity after rescission of a December 2025 grant.

2CFO John Saunders received a $750,000 PSU/RSU award, structured identically—60% PSUs tied to $5.00/$7.50/$10.00 share price hurdles and 40% RSUs vesting in thirds on August 1, 2026–2028.

3PSUs require both share price hurdles (achieved if closing price meets threshold for 30 of 60 consecutive days) and minimum service periods (1st/2nd/3rd anniversaries of grant date), with forfeiture if hurdles unmet within five years.

4Upon termination without Cause pre-Change in Control, vested PSUs and all RSUs accelerate; upon Change in Control, all PSU hurdles are deemed achieved and vesting continues or accelerates further upon subsequent qualifying termination.

Current Report Details

Event Type

Management Change

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

5.02

. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** On April

Management Change

$4.3M$2.1M$898.2K$750.0K

9.01

Financial Statements and Exhibits.** (d) Exhibits | Exhibit No. | | Exhibit | |---|---|---| | 10.1 | | Performance Stock Unit Award Agreement | | 10.2 | | Restr

Exhibits Only

Executive & Director Changes

McAndrew Rudisill

Chief Executive Officer and Chairman

Granted equity awards

Effective: 2026-04-02

Retention and alignment with shareholders; no prior unvested equity following rescission of December 1, 2025 grant

John Saunders

Chief Financial Officer

Granted equity award

Effective: 2026-04-02

Retention and alignment with shareholders

Exhibits (3)

10.1

PERFORMANCE STOCK UNIT AWARD AGREEMENT

10.2

RESTRICTED STOCK UNIT AWARD AGREEMENT

8-K

CURRENT REPORT