Focus AI Grants 100,000 Stock Options to Employees

On May 12, 2026, Focus AI's board resolved to grant 100,000 stock options to employees and directors.
The exercise price is set at or above the market price (higher of weighted average of last 2 months, 1 month, 1 week and face value).
Fair value per option is 1,163 won (binomial model, volatility 78.32%, risk-free rate 3.75%), with exercise period from May 12, 2028 to May 11, 2032.
Total granted shares of 100,000 are within the 3% limit of outstanding shares authorized by the board.