Sorrento Therapeutics Inc (SRNE): This morning’s 8K is giving CEO Dr. Ji a...

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Alyssa

Re: rinoo post# 5056

Monday, 08/10/2020 8:15:37 AM

Monday, August 10, 2020 8:15:37 AM

This morning’s 8K is giving CEO Dr. Ji a performance award if he reaches certain milestones where he will have the opportunity to purchase shares of SRNE at an exercise price of $17.30.

“In addition, for vesting to occur when the milestones are met, Dr. Ji must remain as the Company’s Chief Executive Officer or Executive Chairman.”

“The exercise price per share subject to the CEO Performance Award is $17.30, which is a 20% premium to the closing sales price of the Company’s common stock on August 7, 2020, the date of grant.”

Wow.

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