Lunit Adjusts Stock Option Exercise Price and Quantity Due to Stock Dividend

Corrective filing for stock options granted on 2024-08-12 due to stock dividend: shares increased from 76,500 to 153,000 (2x), exercise price reduced from 36,947 won to 18,474 won (1/2).
Total outstanding options after grant: from 2,776,722 shares to 5,553,444 shares (2x).
Beneficiaries: unregistered executive Yoo Sung-won from 50,000 to 100,000 shares; employees (including subsidiaries) from 26,500 to 53,000 shares (total 3 persons).
Fair value per share adjusted from 27,734 won to 13,867 won (reflecting stock dividend).
Exercise period and conditions unchanged: 2026.08.12~2031.08.11, vesting 50% after 2 years, 75% after 3 years, 100% after 4 years.
Fair value estimation: binomial model, closing price before grant date 41,450 won, risk-free rate 3.81%, expected volatility 74.68%.