Neptune Company cancels 4,250 stock options for one employee reducing potential dilution, but exercise price of 6,778 KRW far above current price of 2,565 KRW

Neptune Company announced on June 23, 2026 that its board resolved to cancel 4,250 stock options previously granted to one employee in March 2024.
The grant was reduced from 12,750 shares to three employees to 8,500 shares to two employees, and total outstanding stock options now stand at 168,548 shares.
The cancellation represents only about 0.009% of total outstanding shares of 46,735,643, resulting in minimal financial impact.
However, the exercise price of 6,778 KRW significantly exceeds the current market price of 2,565 KRW, making exercise of the remaining options highly unlikely and limiting actual dilution risk.
[AI Summary]Neptune Company's partial cancellation of stock options slightly reduces potential dilution, but given the high exercise price relative to the current stock price, the impact on shareholder value is limited. The unfavorable exercise conditions make it unlikely to act as a near-term catalyst for share price appreciation.