Gigadevice has announced the repurchase and cancellation of a specific number of restricted shares.
This action is based on a resolution passed at the company's fifth board meeting held on April 29, 2026.
The repurchase involves 4,565 unvested restricted shares that were previously awarded under the company's 2021 stock option and restricted stock incentive plan.
The shares are being cancelled because the incentive recipients to whom they were granted have since left the company.
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