Grant of Share Options
Insig AI plc has cancelled most of its June 2024 share options, retaining only those for Richard Bernstein and a consultant, while granting new January 2026 Options over 4,550,000 ordinary shares to Directors and employees. These new options, recommended by an independent remuneration specialist, vest over three years with no performance criteria and include grants to Richard Bernstein (1,000,000 options at 20p and 25p), Steven Cracknell (1,000,000 options at 20p and 25p), and other employees (2,550,000 options at 20p and 25p), all expiring on 26 January 2031. Following these grants, the company now has 10,575,000 share options outstanding, representing 8.5% of its issued share capital.
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Insig AI plc (AIM: INSG), a leading provider of AI-led analytics and machine learning solutions company, announces changes to the Company's unapproved option scheme over 7,800,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") as announced on 6 June 2024 (RNS No. 3246R) (the "June 2024 Options"). The board of directors of Insig AI announce that the June 2024 Options have been cancelled with the exception of options over 1,000,000 Ordinary Shares granted to Richard Bernstein with an exercise price of 30 pence per share and the options over 2,000,000 Ordinary Shares transferred to a non-PDMR consultant as announced on 24 March 2025 (RNS No. 8328B). Following the cancellation, the Board has granted share options over 4,550,000 Ordinary Shares to certain Directors and employees with an expiry date of 27 January 2031 (the "January 2026 Options"). The January 2026 Options have been reviewed and recommended by an independent remuneration specialist advising the Board and are not nil paid options.
The January 2026 Options vest equally over a three-year period, on the first, second and third anniversary of the date of grant and have no associated vesting criteria.
Schedule of January 2026 Options:
| Position | Date of grant | No. Options granted | Exercise price | Expiry date | |
| Richard Bernstein | CEO | 27 January 2026 | 500,000 500,000 | 20p 25p | 26 January 2031 26 January 2031 |
| Steven Cracknell | Chief Product Officer | 27 January 2026 | 500,000 500,000 | 20p 25p | 26 January 2031 26 January 2031 |
| Employees (various) | N/A | 27 January 2026 | 1,275,000 1,275,000 | 20p 25p | 26 January 2031 26 January 2031 |
Following the grant of the Options, the Company now has a total of 10,575,000 share options in issue, which represents 8.5% of the current issued share capital.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Richard Bernstein |
| 2 | Reason for the notification | |
| a) | Position/status | CEO |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Insig AI plc |
| b) | LEI | 21380098CKBAG1NWCD98 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 1 pence each |
| Identification code | GB00BYV31355 | |
| b) | Nature of the transaction | Grant of options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 20 pence 25 pence | 500,000 500,000 | |
| d) | Aggregated information | N/A single transaction |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 27 January 2026 |
| f) | Place of the transaction | London Stock Exchange |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Steven Cracknell |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Product Officer |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Insig AI plc |
| b) | LEI | 21380098CKBAG1NWCD98 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 1 pence each |
| Identification code | GB00BYV31355 | |
| b) | Nature of the transaction | Grant of options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 20 pence 25 pence | 500,000 500,000 | |
| d) | Aggregated information | N/A single transaction |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 27 January 2026 |
| f) | Place of the transaction | London Stock Exchange |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.