Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 401

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 401
---
ivstar Group Ltd. leadership team with the long -termsuccess of the Company and shareholders’ interests while also serving as a tool to incentivize and enhance retention among the leadership team. 210 Eligible participants under the LTIP may include members of Kyivstar Group Ltd. management, Kyivstar Group Ltd. employees, certain members of the Kyivstar Group Ltd. Board and consultants of Kyivstar Group Ltd. and its subsidiaries. Beneficiaries under the LTIP will generally be granted equity awards pursuant to the terms and conditions of the LTIP and any applicable award agreement. The final eligibility of any beneficiary to participate in the applicable equity awards will be determined by the Kyivstar Group Ltd. Board (or a committee thereof) in its absolute discretion. The terms and conditions of LTIP and any applicable equity awards shall specify (without limitation) the following: (i)the structure of the award (whether it will be a performance award, retention award or deferred bonus award); (ii)whether the award shall be a nil or nominal cost -option, conditional share award or phantom cash award; (iii)the number and/or value of shares over which an award is granted; (iv)the date on which the award will normally vest and (in the case of options) become exercisable; (v)any objective criteria (including performance conditions) that will apply to any award; (vi)whether shares acquired on vesting or exercise shall be subject to a holding period; (vii) if a dividend equivalent (or similar) shall accrue and become payable on vested shares; (viii) the application of any malus and clawback provisions; and, (ix)the treatment of awards held by participants who cease to be employed or provide services to the Kyivstar Group Ltd. group of companies and on a takeover or change of control (or other similar event) of Kyivstar Group Ltd. Pursuant to the Business Combination Agreement, the equity incentive plan shall initially reserve a number of Kyivstar Group Ltd. Common Shares equal to three percent (3%) of the total number of Kyivstar Group Ltd. Common Shares that are outstanding (on a fully diluted basis), as of prior to the Closing. In accordance with Kyivstar Group Ltd.’s Policy for Recovery of Erroneously Awarded Compensation to be adopted prior to or concurrently with the listing of the Kyivstar Group Ltd. Common Shares on Nasdaq, Kyivstar Group Ltd. will be required to recover any portion of