• Functional Brands amended CEO Eric Gripentrog’s employment agreement on June 30, 2026, replacing a $500,000 performance RSU award with stock options.
• Grant covers 3,500,000 incentive stock options under the 2026 Equity Incentive Plan; exercise price $0.01 per share; 10-year term.
• Options are fully vested at grant; grant-date fair value about $14,685 using Black-Scholes.
• Total exercise cost is $19,250; options expire June 29, 2036, subject to earlier expiration terms.
• If he stops providing services other than death or disability, he has three months to exercise vested options, no later than expiry.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Functional Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-074986), on July 02, 2026, and is solely responsible for the information contained therein.