0001628280-26-040785
SEC filingStockholders approved an amendment to the 2021 Long-Term Incentive Award Plan, increasing share reserve by 13 million and extending the plan term.
The amendment to the 2021 Long-Term Incentive Award Plan increases the share reserve by 13 million shares (to a total of 32 million) and extends the plan's term to June 4, 2036, with incentive stock options limited to April 7, 2036. While this increases potential dilution, it provides the company with long-term flexibility to award equity compensation to attract and retain talent. The strong stockholder approval (94.5 million votes for, 4.2 million against) indicates support for the company's compensation strategy.