- BnSellit Technology Inc. (BNSL) has granted 3.2 million stock options to certain directors, officers, employees, and consultants of the corporation
- BnSellit Technology is a platform designed to increase vacation rental property sales
- The options are exercisable at a price of $0.35 per class A common share
- Shares expire five years from the date of grant, and vest over a three-year period
- BnSellit Technology Inc. (BNSL) is unchanged trading at $0.32 per share as of 11:47 a.m. ET
BnSellit Technology (BNSL) has granted 3.2 million stock options to certain directors, officers, employees, and consultants in accordance with its stock option plan.
BnSellit Technology is a platform designed to increase vacation rental property sales. Hosts earn 100 per cent of every sale from items sold to guests at their property.
The corporation stated that the options are exercisable for $0.35 per class A common share. The shares expire five years from the date of grant and vest over three years.
According to BnSellit Technology, one-third of the options will begin vesting immediately, and another one-third will vest at the end of each of the first and second anniversary of the grant date.
The corporation shared its stock option plan was approved by the shareholders at its annual and special meeting last month.
Allegedly, the board of directors of BnSellit Technology utilizes stock options as incentives to certain directors, officers, employees, and consultants of the corporation as part of its overall compensation strategy.
BnSellit Technology Inc. (BNSL) is unchanged trading at $0.32 per share as of 11:47 a.m. ET.