NewsApril 05, 2022

Huddly AS – Grant of share options to primary insiders

On the basis of the approval by Huddly AS' annual general meeting on 18 March 2021 to authorize the board of directors of Huddly AS (the “Board”) to issue share options to employees under Huddly AS’ 2021 share option program, the Board has resolved to issue new share options to primary insiders of Huddly AS (the “Company”). Maximum 20% of granted options can be exercised per financial year, according to terms in the 2021 share option program.

The Company has LEI: 213800D37JXCR1BKBZ39 and the Company’s share has ISIN: NO0010776990.

The following primary insiders in Huddly AS have been granted options:

Alexander Woxen, CEO: 3,000,000 options with a strike price of NOK 9 each. The options are vested over a five-year period beginning on 1 February 2022 and ending on 1 February 2027. 1,000,000 options will vest on 1 February 2023. The remaining 2,000,000 options will vest annually over a four-year period beginning 1 February 2023 (500,000 options vested per year). He now holds a total of 3,000,000 options. In addition, Alexander Woxen and related parties as per the MAR definition jointly hold 108,645 shares in the Company.

Ragnar Kjos, CFO: 500,000 options with a strike price of NOK 9 each. The options are vested with 1/3 per year over 3 years, starting on 1 April 2022. He now holds a total of 500,000 options in the Company.

Vegard Hammer, CTO: 750,000 options with a strike price per share equal to the average end of month price per share in the Company for the first six months of 2022. The options are vested over a five-year period beginning on 1 January 2022 and ending on 1 January 2027. The first 1/5 of the options are vested after 12 months and the remaining 4/5 of the options are vested monthly over the next four years. He now holds a total of 2,030,000 options in the Company.

Knut Helge Teppan, CDO: 750,000 options with a strike price per share equal to the average end of month price per ordinary share in the Company for the first six months of 2022. The options are vested over a five-year period beginning on 1 January 2022 and ending on 1 January 2027. The first 1/5 of the options are vested after 12 months and the remaining 4/5 of the options are vested over monthly the next four years. He now holds a total of 1,262,000 options. In addition, Knut Helge Teppan and related parties as per the MAR definition jointly hold 2,400,000 shares in the Company.

Cecilia Orheim, Head of Legal & HR: 160,000 options, with a strike price of NOK 13.9702 each. The options are vested with 1/3 per year over 3 years, starting on 3 May 2021. She now holds a total of 160,000 options in the Company.

Nils Stangnes, EVP Global Channel Sales: 160,000 options with a strike price of NOK 10.6810 each. The options are vested with 1/3 per year over 3 years, starting on 2 August 2021. He now holds a total of 160,000 options in the Company.

Graham Spencer Williams, Chair of the Board: 600,000 options with a strike price of NOK 9 each. The options were vested immediately on grant on 29 March 2022. He now holds a total of 1,560,000 options. In addition, Graham Spencer Williams and related parties as per the MAR definition jointly hold 21,744,655 shares in the Company.

Jostein Devold, Board member: 400,000 options with a strike price of NOK 9 each. The options were vested immediately on grant on 29 March 2022. He now holds a total of 1,040,000 options. In addition, Jostein Devold and related parties as per the MAR definition jointly hold 15,545,471 shares in the Company.

Kristian Kolberg, Board member: 400,000 options with a strike price of NOK 9 each. The options were vested immediately on grant on 29 March 2022. He now holds a total of 1,200,000 options. In addition, Kristian Kolberg and related parties as per the MAR definition jointly hold 10,545,000 shares in the Company.

Per Haug Kogstad, Board member: 400,000 options with a strike price of NOK 9 each. The options were vested immediately on grant on 29 March 2022. He now holds a total of 1,200,000 options. In addition, Per Haug Kogstad and related parties as per the MAR definition jointly hold 4,042,080 shares in the Company.

About Huddly AS: Huddly is a technology company that creates tools for team collaboration. Based in Oslo, Norway, Huddly combines expertise across the fields of design, hardware, software, and artificial intelligence. The company’s smart cameras are designed to make it easier and better for people to communicate with each other. Huddly’s solutions with industry-leading partners enable high-quality video experiences on all major collaboration platforms.

For more information, please contact: Stein Jacob Frisch, Investor Relations, Huddly AS, mob: +47 916 10 911, email: huddly@lillebyfrisch.no