Lunit Amends Stock Option Grant Report (Exercise Price & Fair Value Adjustment)

Lunit amended its stock option grant report originally filed on August 23, 2023, adjusting the exercise price and fair value due to a rights offering and free stock issuance (1:1).
Total outstanding options (common stock) increased from 2,313,672 to 2,776,722 shares.
Exercise price lowered from 74,982 won to 64,728 won.
Fair value per share adjusted from 36,002 won to 20,698 won (reflecting the 1:1 free stock issuance).
Grant of 26,000 shares to 5 employees (including subsidiaries) - individual names omitted as grant size is less than 0.001% of total shares.
Exercise period: August 23, 2025 to August 22, 2030; vesting schedule: 50% after 2 years, 75% after 3 years, 100% after 4 years.
Fair value estimated using binomial model with assumptions: closing price 41,450 won, exercise price 64,728 won, expected life 7 years, risk-free rate 3.78%, expected volatility 74.68%.