Correction of Stock Option Grant (Cancellation Due to Resignation)
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Grantees reduced from 44 to 42, shares granted reduced from 281,900 to 234,400 (due to resignation)
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Total outstanding options after this grant: 1,509,500 shares
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Exercise price: 17,000 won, exercise period: 2025-12-08~2028-12-08
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Vesting conditions: Condition1 (100% after 2 years), Condition2 (50% after 2 years, 100% after 3 years)
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Fair value: binomial model, underlying price 16,030 won, volatility 55.88%, risk-free rate 3.47%~3.49%
KOSPI Filing Information
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Filing: [Correction of Description] Report on Grant of Stock Options
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Company: SOCAR (403550)
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Submission: SOCAR, Inc.
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Receipt: 05-12-2026