OranjeBTC S.A. – Educação e Investimento (OBTC3) reported in a notice on Tuesday, October 6, 2026, that it formalized the first grant of a stock option under its Long-Term Incentive Plan approved on April 24, 2026, and the First Executive Stock Option Program approved on May 15, 2026.
The option was granted to an executive who, on the grant date, did not hold shares in the company and covers an option on up to 880,000 common shares OBTC3, with an exercise price ("strike") of R$ 15.72 per share. According to the notice, this amount represents an approximately 96.3% premium over the reference price of R$ 8.01 per OBTC3 on October 5, 2026.
Vesting is progressive, with monthly vesting of rights, and ends on September 30, 2027. The options may be exercised, subject to the applicable conditions, at any time until September 30, 2030.
For purposes of OranjeBTC’s managerial metric of fully diluted share count, the options will not be considered while they remain out of the money, that is, while the market price of OBTC3 is below R$ 15.72. When the market price is equal to or above R$ 15.72, the options will start to be included in this metric, with no change to the applicable accounting or regulatory treatment.
