Greenlane Holdings, Inc. 8-K

What Happened
Greenlane Holdings, Inc. (GNLN) announced in a Form 8-K that its Board unanimously appointed Jason Hitchcock as Chief Executive Officer, effective February 11, 2026. Mr. Hitchcock (age 40) has prior roles in decentralized finance and web3 firms (co‑founder of Four Moons; Head of Business Development/Head of Ecosystem roles at thirdweb) and previously worked at Twitch. The company entered into a written Employment Agreement with Mr. Hitchcock and a standard indemnification agreement.

Key Details

• Appointment effective: February 11, 2026; Board vote was unanimous.
• Cash compensation: base salary of $300,000 per year; annual performance bonus target of 100% of base salary (subject to metrics and Board approval).
• Equity: option to purchase up to 250,000 shares under the 2019 Equity Incentive Plan, subject to vesting terms set by the Compensation Committee.
• Termination terms: at‑will employment; if terminated without cause or resigns for good reason, severance equal to nine months of base salary (plus accrued pay/benefits and any earned prior-year bonus).

Why It Matters
This filing formalizes a leadership change that could shape Greenlane’s strategic direction given Mr. Hitchcock’s DeFi/web3 background. Investors should note the compensation package—salary, a full-year bonus target, an equity option award and potential severance—which may affect future cash compensation expense and eventual equity dilution if options vest and are exercised. The Employment Agreement is attached as Exhibit 10.1 to the 8-K for full terms.