FingerMotion, Inc 8-K, filed Jan 3, 2022
FingerMotion, Inc. (FNGR)
About this 8-K
FingerMotion, Inc filed this 8-K on January 3, 2022, reporting on events of December 28, 2021.
Items reported
- Item 3.02: Unregistered sale of equity
- Item 5.02: Director or officer change, or executive pay
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SECTION 3 – SECURITIES AND TRADING MARKETS
Item 3.02 Unregistered Sales of Equity Securities
On December 28, 2021, FingerMotion, Inc. (the “Company”) granted an aggregate of 4,545,500 stock options pursuant to the Company’s 2021 Stock Incentive Plan having an exercise price of $8.00 per share and an expiry date of five years from the date of grant to 40 individuals who were directors, officers, employees and consultants of the Company. The Company relied upon the exemption from registration under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), provided by Rule 903 of Regulation S promulgated under the U.S. Securities Act for the grant of stock options to the individuals who are non-U.S. persons, and upon the exemption from registration under Section 4(a)(2) of the U.S. Securities Act for two individuals who are U.S. persons. The stock options are all subject to vesting provisions of 20% on the date of grant and 20% on each of the first, second, third and fourth anniversary of the date of grant.
SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Stock Option Grant
On December 28, 2021, the Board of Directors of the Company approved and granted in aggregate 4,545,500 stock options of which 1,169,500 stock options were granted to certain directors and officers of the Company having an exercise price of $8.00 per share and an expiry date of five years from the date of grant. These stock options have vesting provisions of 20% on the date of grant and 20% on each of the first, second, third and fourth anniversary of the date of grant.
The following table below sets forth the stock options awarded to the Company’s current directors and officers on December 28, 2021:
| Name | Number of Stock Options |
| Martin Shen (CEO) | 230,000 |
| Yew Hon Lee (CFO) | 221,000 |
| Hsien Loong Wong (Director) | 78,500 |
| Yew Poh Leong (Director) | 78,500 |
| Michael Chan (Director) | 78,500 |
| Eng Ho Ng (Director) | 63,000 |
| Li Li (Legal Representative and General Manager of Shanghai JiuGe Information Technology Co., Ltd.) | 420,000 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FINGERMOTION, INC. | ||
| DATE: January 3, 2022 | By: | /s/ Martin J. Shen |
| Martin J. Shen CEO | ||
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