Company: DSNY
Filing Date: 2025-11-24
Form Type: 10-K
Source: 0001062993-25-016994
Chunk: 462

Company: DESTINY MEDIA TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: 10-K
Item: Item 1
Chunk 462
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 options that do not vest as the result of a grantee leaving the Company are forfeited and the common shares underlying them are returned to the reserve. The options generally have a contractual term of five years.

COMPENSATION OF DIRECTORS

Our directors are reimbursed for reasonable out-of-pocket expenses in connection with attendance at Board of Director and committee meetings.  In addition, our directors are eligible for grants of options to purchase shares of our common stock at the discretion of our Board of Directors.

There were no options awarded to directors for the year ended August 31, 2025.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS. 

The following table sets forth certain information concerning the number of shares of our common stock owned beneficially as of November 24, 2025 by: (i) each person (including any group) known to us to own more than five percent (5%) of any class of our voting securities, (ii) each of our directors and each of our named executive officers, and (iii) officers and directors as a group. Unless otherwise indicated, the shareholders listed possess sole voting and investment power with respect to the shares shown.

                    Common Stock Beneficially Owned
                    Percentage of Shares Beneficially Owned (1)

                    Name of beneficial owner
                    # of Shares
                    %

                    Hyonmyong Cho (2) 
                    554,288
                    5.8%

                    Samuel Jay Graber (3)
                    269,028
                    2.8%

                    Frederick Vandenberg (4)
                    551,984
                    5.7%

                    David Summers (5)
                    73,381
                    0.8%

                    David Mossberg (6)
                    104,023
                    1.1%

                    Assel Mendesh (7)
                    1,708
                    *

                    All directors and executive officers as a group (6 persons)
                    1,554,412
                    16.1%

                    Mark Graber (8)
                                                  2,085,779
                    21.6%

*Owning less than 1%. 

(1) Under Rule 13d-3 of the Exchange Act, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting