Disco Corporation
Notice of Partial Revision to the Stock Option (Share Warrants) Issuance Guidelines for Our Executive Officers
On February 17, 2026, the method for adjusting the number of underlying shares for stock options in connection with share splits and consolidations was revised to truncate fractional shares, thereby aiming to suppress the occurrence of fractional shares less than one trading unit.
Key Figures
- Effective Date: 2026-02-17
- Number of Underlying Shares for 17th Series-A Share Warrants: 299 shares → 300 shares
- Number of Underlying Shares for 19th Series-A Share Warrants: 299 shares → 300 shares
AI要約
Purpose and Details of Revision
At the Board of Directors meeting held on February 17, 2026, Disco Corporation resolved a partial revision to the issuance guidelines regarding the adjustment method of the number of underlying shares for stock options (share warrants) in connection with share splits or consolidations. The main objectives are to suppress the occurrence of fractional shares less than one trading unit and to streamline system administration. The adjustment method has been clarified to truncate any fractions arising. There is no change to the exercise price adjustment method, and the effective date is February 17, 2026.
Impact on Shareholders and Scope of Application
This revision applies to unexercised share warrants as of the effective date and does not affect rights that have already been exercised. There may be slight changes in the number of underlying shares due to the adjustment, but such changes do not have a significant impact on dilution levels. Specifically, examples are provided where the number of underlying shares for the 17th Series-A and 19th Series-A share warrants changes from 299 shares to 300 shares.
