Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 743

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 743
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 was appointed as Chief Executive Officer on August 6, 2019 and appointed as Chairman of the board on February 22, 2021.

    (2)
    Mr. Rosenblum was appointed as our President and Chief Financial Officer on July 22, 2021.

    (a)
    On July 11, 2022, Mr. Corbett was granted a ten-year option exercisable for 500,000 shares of common stock at an exercise price of $4.50 per share, of which all vested, in addition, on August 16, 2021, Mr. Corbett was granted an option with a ten-year term exercisable for 666,667 shares of common stock at an exercise price of $4.50 per share, of which all are vested.

    (b)
    Consists of $1,343 of healthcare expenses and $1,198 of car allowance for the benefit of Mr. Corbett.

    (c)
    Consists of $8,059 of healthcare expenses and $7,188 of car allowance for the benefit of Mr. Corbett.

    (d)
    Mr. Rosenblum was granted 2,000,000 restricted shares of common stock on July 11, 2022, all of which are vested.

    (e)
    Mr. Rosenblum was granted a ten-year option exercisable for 333,334 shares of common stock at an exercise price of $4.50 per share on August 31, 2021, of which all are vested.

    (g)
    Consists of $2,046 of healthcare expenses and $2,017 of car allowance for the benefit of Mr. Rosenblum.

    (h)
    Consists of healthcare reimbursements for the benefit of Mr. Rosenblum.

Outstanding Equity
Awards at Fiscal Year End

The following table lists
the outstanding equity awards held by our named executive officers at December 31, 2024:

    OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END 

    OPTION AWARDS 
    STOCK AWARDS 
  
    Name 
    Number of Securities Underlying Unexercised Options Exercisable*  
    Number of Securities Underlying Unexercised Options Unexercisable*  
    Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options*  
    Option Exercisable Price