VisionWave Holdings, Inc. 8-K

What Happened

• VisionWave Holdings, Inc. filed an 8‑K reporting an amendment to the employment agreement with Danny Rittman, updating his title to Chief Technology Officer / Chief Information Security Officer (CTO/CISO) effective June 11, 2026. The amendment increases his annual base salary to $180,000 effective June 1, 2026 and adds performance-based equity awards.

Key Details

• Amendment date: June 11, 2026; salary effective June 1, 2026.
• Equity: In addition to 500,000 options previously granted, the Company agreed to grant an additional 1,000,000 performance-based stock options (exercise price referenced at $4.98 per share and subject to the Company’s 2025 Omnibus Equity Incentive Plan; final exercise price to be the fair market value on the applicable grant date as determined under the Plan).
• Vesting milestones for the 1,000,000 options:
  • 300,000 upon completion of the VisionRF execution‑ready technical data room, system architecture, technical requirements, development plan, and blueprint materials;
  • 300,000 upon delivery of an initial StratumAI agent release (web interface) by August 2026, including architecture, data room, execution plan, and first operational agent web page;
  • 300,000 upon implementation and proper operation of the company‑wide cybersecurity framework (policies, Microsoft security implementation, endpoint protection, employee awareness);
  • 100,000 upon completion of the VisionRF execution‑ready data room and the Semiconductor/EDA Strategy Data Room (roadmap, architecture, strategic direction).
• The Amendment is filed as Exhibit 10.1 to the Form 8‑K.

Why It Matters

• This filing shows VisionWave increasing compensation and granting milestone‑based equity to a senior technical/security executive, aligning pay with project and security deliverables (StratumAI, VisionRF, cybersecurity, Semiconductor/EDA strategy).
• If milestones are met and options vest and are exercised, shareholders could face additional dilution from up to 1,000,000 new options (on top of the earlier 500,000). The agreement also preserves further salary increases tied to company revenue milestones.