APTN Stock Option Grant Correction, Adjusted to 229,500 Shares Reflecting Stock Split and Stock Dividend

APTN filed a correction to its stock option grant report on April 16, 2026.
The original grant of 2,295,000 shares from the shareholders' meeting on March 27, 2023 was adjusted to 229,500 shares and the exercise price from 2,270 won to 22,700 won due to a 10:1 stock split and a 1:2 stock dividend.
Grantees include executive Kim Dae-jin 120,000 shares, affiliate CEO Baek Sang-jun 45,000 shares, and 12 employees 64,500 shares with an exercise period from March 27, 2025 to March 27, 2028.
The purpose is to boost morale, encourage long-term service, and secure talent for new business after a change in major shareholder.
The fair value per option is 10,140 won.
[AI Summary]The stock option grant represents only 0.12% of total outstanding shares, resulting in negligible dilution. The exercise price of 22,700 won is significantly above the current price of 228 won, making exercise unlikely in the near term, thus no immediate financial impact.