Tenaya expands equity plan by 6.5M shares, removes annual cap on evergreen provision

Filed May 29, 2026 · Period ending May 27, 2026 · ~1 min read

Key Changes

• medium

  Stockholders approved adding 6.5 million shares (roughly 3% of outstanding) to the 2021 equity plan, increasing the pool available for employee and director compensation grants.

  Item 5.07 verify on EDGAR →
• medium

  Annual 'evergreen' provision amended to remove the 4 million share annual cap while maintaining 4% yearly increases based on outstanding shares, potentially allowing larger future dilution.

  Item 5.07 verify on EDGAR →
• low

  Three Class II directors elected to three-year terms through 2029: Amy Burroughs, Karah Parschauer, and Catherine Stehman-Breen, all receiving strong majority support.

  Item 5.07 verify on EDGAR →