Kakao Adjusts Stock Option Terms Reflecting Treasury Share Cancellation

Kakao announced a correction to stock option terms due to treasury share cancellation
Granted shares: 629,694 -> 626,411 (decrease of 3,283), exercise price: 62,760 won -> 62,961 won (increase of 201 won)
Total outstanding stock options after grant: 5,221,971 -> 4,459,563 (decrease of 762,408)
Recipients: CEO Hong Eun-taek (49,321 shares) and 3,538 others, total grant 667,700 shares (pre-correction)
Exercise period: 2025.3.28~2030.3.28, vesting after 2 years (partial installment exercise)
CEO Hong plans not to exercise until stock price doubles
Treasury share cancellation is a positive signal of shareholder return policy