FRENCH CYNTHIA L 4

What Happened
Cynthia L. French, Chief Financial Officer of ParkerVision, received two stock-option awards on January 22, 2026, totaling 1,000,000 options (2 × 500,000). Each grant has a strike price of $0.24 per share and was reported with a grant value of $120,000 apiece (aggregate $240,000). This filing reports derivative awards (code A), not an open-market purchase or sale.

Key Details

• Transaction date: January 22, 2026; filed with SEC on January 26, 2026 (timely within required window).
• Awards: 2 grants of 500,000 options each; strike/exercise price $0.24 per share; reported value $120,000 each, $240,000 total.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote highlights:
  • F1: Options become exercisable in four equal bi‑annual increments beginning July 22, 2026.
  • F2: Vesting is performance‑based, measured quarterly over a five‑year performance period; any portion not vested by January 22, 2031 will be cancelled.
• Transaction type: Derivative award (grant), not an immediate purchase or exercise.

Context
These are option awards subject to time- and performance-based vesting and future exercisability; they do not represent immediate ownership of shares unless and until they vest and are exercised. Because this is a grant (not a sale), it is typically part of executive compensation and aligns potential future pay with performance goals; it should not be read as an immediate market buy or sell signal.