Iruda "Employees and Executives Will Not Sell 85% of Stock Options for One Year"

[Asia Economy Reporter Minji Lee] Iruda announced on the 27th that its executives and employees have decided to exercise stock options for 668,060 shares and receive new shares. This corresponds to 9.5% of the total issued shares.

An Iruda official stated, "It is difficult to say that the volume of stock options after the new listing is not a burden from a supply and demand perspective," and added, "Among the 668,060 shares for which stock options were exercised, 85% have applied for tax benefits and expressed their intention not to sell the shares for one year from the exercise date."

The tax benefit application is a tax support system where shares acquired by venture company executives and employees through exercising stock options are taxed as earned income if disposed of within one year. 85% of the stock options held by Iruda executives and employees have committed to the maximum period regarding this.

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