0001731122-26-000693
SEC filingVisionWave Holdings, Inc. amended Jez Williman’s employment agreement on May 8, 2026, increasing his base salary to $200,000 effective May 1, 2026, and adding performance-based stock options tied to UGV sales and $1 million in invoice revenue.
The amendment to Jez Williman’s employment agreement reflects VisionWave’s strategic emphasis on scaling its UK and European operations, particularly through the commercialization of its unmanned ground vehicle (UGV) platform. By updating his title and formalizing reporting to the CEO, the Company reinforces his executive authority over international growth initiatives. The immediate $200,000 base salary increase signals retention priority, while the conditional step-up to $300,000 ties executive pay directly to material revenue inflection — a $10 million threshold over any 90-day window — suggesting management views that level as a critical operational and market validation milestone. The two-tiered option grant structure is highly performance-oriented: 50,000 options vest upon the second UGV sale, incentivizing early commercial traction, and 100,000 options vest upon $1 million in cumulative invoiced revenue, aligning Williman’s equity upside with verifiable customer payment and revenue recognition — not just bookings. All options are subject to Board discretion on vesting timing and require continued service, preserving retention discipline. As no financial results, governance votes, or capital events are disclosed, this remains a targeted executive alignment action rather than a broad corporate catalyst.