Jan. 15 at 11:33 PM
$PHUN Form S-8 to register an additional 1,009,408 shares of common stock under its 2018 Equity Incentive Plan and 16,376 shares under its 2018 Employee Stock Purchase Plan, effective January 1, 2026. The increase reflects the automatic annual adjustment mechanism in both plans.
The 2018 Equity Incentive Plan's annual increase equals 5% of outstanding shares as of December 31, while the Employee Stock Purchase Plan increase is set at the lesser of 16,376 shares, 1.5% of outstanding shares, or an administrator-determined amount. These newly registered shares are of the same class as previously registered securities under the company's prior S-8 filings dating back to April 2019.
