Lunit Adjusts Stock Option Exercise Price Down and Fair Value Up

Lunit filed a correction report on May 4, 2026, lowering the exercise price of stock options granted on August 12, 2024 from 39,700 won to 36,947 won, and raising the fair value per share from 19,031 won to 27,734 won.
The adjustment was due to a capital increase, resulting in an exercise price below the closing price (41,450 won) on the day before the grant date.
Grantees: unregistered executive Yoo Seong-won (50,000 shares) and two employees (26,500 shares), totaling 76,500 shares, a decrease of one grantee and 450 shares from the previous filing.
Key assumptions for fair value: closing price 41,450 won, expected exercise period 7 years, risk-free rate 3.81%, expected volatility 74.68%.
Exercise period from August 12, 2026 to August 11, 2031, with vesting: 50% after 2 years, 75% after 3 years, and 100% after 4 years.