K3I Grants 30,000 Stock Options to Executives... Minor Dilution Expected

On May 27, 2026, K3I filed a correction to the stock option grant reported on March 31, 2025, reducing total granted options from 378,318 to 366,452 due to resignations.
Of these, 30,000 options were newly granted to Lee Seo-bo (non-registered director, 10,000 shares) and Jeong Han-il (registered director, 20,000 shares).
The exercise price of 4,580 won is 14.2% above the current stock price of 4,010 won, making immediate exercise unlikely but posing dilution risk if the stock rises.
The fair value per option is 2,197 won, calculated using the binomial model with expected volatility of 50.2% and risk-free rate of 2.9%.
Total outstanding stock options after this grant amount to 366,452 shares, representing approximately 4.9% of total issued shares (7,486,442), resulting in limited dilution.
[AI Comprehensive Analysis]This stock option grant involves a small dilution but serves as a long-term incentive aligning employee interests with shareholders. However, the high exercise price relative to the current stock price may diminish its immediate incentive effect, and potential dilution upon future stock price increases warrants monitoring.