Company: JUSHF
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001628280-25-019342
Chunk: 47

Company: Jushi Holdings Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 47
---
 the efficacy of the outstanding equity awards as a tool for meeting the Company's retention and motivation goals:

Option Repricing

On August 12, 2024, the disinterested directors on our Board approved a stock option cancellation and regrant program, pursuant to which certain members of our senior management team, including Mr. Cacioppo and Mr. Barack, were permitted to elect to cancel each option held by the eligible participant with an exercise price per subordinate voting share greater than or equal to $1.91, and to be granted a replacement option to purchase an identical number of subordinate voting shares on the first date such grant was eligible to be made after the expiration of a 30-day period measured from the cancellation date and otherwise in compliance with US and Canadian law and applicable stock exchange rules, at an exercise price per subordinate voting share equal to the fair market value of a subordinate voting share on the grant date subject to certain limitations set forth in the Company’s 2019 Equity Incentive Plan. Mr. Cacioppo and Mr. Barack elected to participate in such program. On September 13, 2024, Mr. Cacioppo had 2,385,000 options repriced from $2.00 per subordinate voting share to $0.54 per subordinate voting share and 3,000,000 options repriced from $1.93 per subordinate voting share to $0.54 per subordinate voting share. The vesting schedule with respect to 5,385,000 of Mr. Cacioppo's replacement options restarted on the replacement option grant date, and vests in two equal installments measured from the replacement option grant date, with the first installment vesting immediately and the second installment vesting one year from replacement option grant date. On September 13, 2024, Mr. Barack had 793,000 options repriced from $2.00 per subordinate voting share to $0.54 per subordinate voting share and 1,000,000 options repriced from $1.93 per subordinate voting share to $0.54 per subordinate voting share. The vesting schedule with respect to 1,793,000 of Mr. Barack's replacement options restarted on the replacement option grant date, and vests in three equal annual installments measured from the replacement option grant date.

#### Timing of Grant of Equity Awards
Our Board and Compensation Committee typically grant equity awards on a quarterly basis, but do not follow a formal policyor practice related to the timing of the grants of equity awards. Neither