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Stock impact report

Zapata Computing Holdings Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

Zapata Computing Holdings Inc. (ZPTA) 
Company Research Source: GlobeNewswire
BOSTON, May 13, 2024 (GLOBE NEWSWIRE) -- Zapata Computing Holdings Inc. (“Zapata AI” or the “Company”) (Nasdaq: ZPTA), the Industrial Generative AI company, today announced that the Compensation Committee of Zapata AI’s Board of Directors has approved an inducement grant of a nonstatutory stock option to Sumit Kapur to purchase 600,000 shares of Zapata AI’s common stock with an exercise price of $ 1.23 per share, the closing price of Zapata AI’ common stock on May 13, 2024. As previously announced, Mr. Kapur, will serve as Zapata AI’s Chief Financial Officer, effective May 20, 2024, and as Zapata AI’s Vice President, Finance during a short transition period, effective today. The option will vest as to 25% of the underlying shares on the first anniversary of the date of grant and the remaining 75% of the underlying shares will vest in 36 substantially equal monthly increments thereafter, subject to Mr. Kapur’s continued employment on each vesting date. The option is subject to the te Show less Read more
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