Makinarocks Discloses 2022 Pre-IPO Stock Option Grant to Executive
The 90,048-share grant to registered executive Park Min-su carries an exercise price of 4,062 won and runs from 2024 to 2029.
Makinarocks filed a disclosure on October 15, 2026, setting out the details of a stock option grant of 90,048 common shares that it had given to registered executive Park Min-su, according to digitaltoday.co.kr.
The grant, made through new share issuance, was approved by the shareholders' meeting. The options carry an exercise price of 4,062 won per common share, with an exercise period running from March 31, 2024 to March 30, 2029.
Following the grant, Makinarocks' total granted stock options amount to 252,948 common shares. The company reports the fair value per stock option at 6,192 won, calculated using the fair value approach.
The common share fair value measured by the discounted cash flow method is 8,503 won. The valuation assumptions include a 7-year expected exercise period, risk-free rates of 1.39% to 3.32%, and expected stock price volatility of 53.62%.
Grant dated to private-company period
The grant itself dates to March 31, 2022, when Makinarocks was a private company with no disclosure obligation. It was approved at a regular shareholders' meeting held that day under Article 340-2 of the Commercial Act and Article 11 of the company's articles of incorporation.
Quick answers
How many shares are covered by the Makinarocks stock option grant?
The grant covers 90,048 common shares, bringing total granted stock options to 252,948 common shares.
What is the exercise price of the Makinarocks stock options?
The exercise price is 4,062 won per common share, with the exercise period running from 2024-03-31 to 2029-03-30.
When did Makinarocks grant the stock options?
The grant was approved at a regular shareholders' meeting on 2022-03-31, before the company's listing.