Award of Options & Grant of Restricted Share Units
tinyBuild, Inc. announced the award of nil cost options over 6,334,400 ordinary shares to its CFO, Giasone Salati, as part of his appointment terms, with 53% immediately exercisable and the remainder vesting over 18 months. Additionally, the company granted 1,600,000 Restricted Stock Awards for the period ending September 30, 2024, and 1,000,000 RSAs for the period ending January 30, 2026, to certain employees and service providers, subject to vesting conditions.
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tinyBuild (AIM:TBLD), a premium video games publisher and developer with global operations, announces that nil cost options over 6,334,400 ordinary shares of 0.001 USD each in the Company ("Shares") were granted to Giasone (Jaz) Salati. This award forms part of the terms and conditions of Jaz's appointment as CFO on 29 June 2023. At the time of this announcement, 53% of the options vest and become exercisable immediately, and 47% vest and become exercisable at various stages over the next 18 months.
Following this grant of Conditional Award, Giasone has the number of Shares and options over Shares set out in the table below:
| Director | Shares held | Shares under option in Conditional Award | Total interest |
|---|---|---|---|
| Giasone (Jaz) Salati | - | 6,334,400 | 6,334,400 |
Grant of Restricted Share Units
The Board of Directors approved the grant of a total of 1,600,000 Restricted Stock Awards share units ("RSAs"), relating to the 12-month period to 30 September 2024 and 1,000,0000 RSAs relating to the 12-month period to the 30 January 2026 to certain employees and service providers of the Company. Subject to certain vesting conditions, the RSAs allow holders to convert 1 RSA into 1 Share, further details of the RSAs can be found in the 2024 Annual Report.
| a) | Name: | Giasone Salati | |
| 2 | Reason for the notification | ||
| a) | Position/Status: | Chief Financial Officer | |
| b) | Initial Notification/Amendment: | Initial Notification | |
| a) | Name: | tinyBuild Inc. | |
| b) | LEI: | 2138002FIMZYDVU3BD12 | |
| a) | Description of the financial instrument: Identification code: | Ordinary shares of 0.01 USD USU8884H1033 | |
| b) | Nature of the transaction: | Grant of Options | |
| c) | Price(s) and volume(s): | Price(s) | Volume(s) |
| Nil | 6,334,400 | ||
| d) | Aggregated volume: Price: | Price(s) | Volume(s) |
| Nil | 6,334,400 | ||
| e) | Date of the Transaction: | 16 February 2026 | |
| f) | Place of the Transaction: | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.