Zapata computing holdings inc. announces inducement grant under nasdaq listing rule 5635(c)(4)

Boston, june 03, 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 derron blakely to purchase 300,000 shares of zapata ai's common stock with an exercise price of $0.841 per share, the closing price of zapata ai's common stock on june 3, 2024. as previously announced, mr. blakely will serve as zapata ai's general counsel, 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. blakely's continued employment on each vesting date. the option is subject to the terms and conditions of zapata ai's 2024 equity and incentive plan and the respective terms and conditions of the nonstatutory stock option agreement covering the award, but was granted outside of the 2024 equity and incentive plan.
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