WISH Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
As an inducement for the new employees to enter into employment in accordance with Nasdaq Listing Rule 5635(c)(4), Wish’s compensation committee approved the grant of Restricted Stock Units (“RSUs”) for 8,767,022 shares of the Company’s Class A common stock under the Inducement Plan. The RSUs will vest over time based on each recipient’s continued service, with 25% of the RSUs vesting on the first Company Vesting Date after the recipient completes 12 months of continuous service following the vesting commencement date, with an additional 6.25% of the RSUs vesting on each subsequent Company Vesting Date thereafter, subject to the recipient’s continuous service on each such Company Vesting Date. A “Company Vesting Date” means
About Wish:
Wish brings an affordable and entertaining shopping experience to millions of consumers around the world. Since our founding in
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press@wish.com
Investor contact:
ir@wish.com
Source: Wish