SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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|Item 5.02.|| |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 15, 2023, the Compensation Committee of the Board of Directors of 23andMe Holding Co. (the “Company”) approved the grant of annual long-term equity awards for the fiscal year ending March 31, 2024 (the “Fiscal 2024 Long-Term Equity Awards”). Accordingly, the Company’s principal executive officer, principal financial officer, and other named executive officer were granted the following Fiscal 2024 Long-Term Equity Awards:
|Chief Executive Officer||—||9,527,115|
|Interim Chief Financial and Accounting Officer||1,025,992||496,204|
|Chief Administrative Officer||1,025,992||496,204|
The restricted stock units (“RSUs”) will vest over three years in 1/12 quarterly installments commencing on February 20, 2024, subject to the executive officer’s continued employment with the Company.
The stock options (“options”) will vest over three years in 1/36 monthly installments commencing on October 15, 2023, subject to the executive officer’s continued employment with the Company. The exercise price of the options is $1.10.
The RSUs and options were granted on September 15, 2023 under the 23andMe Holding Co. Amended and Restated 2021 Incentive Equity Plan.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|23ANDME HOLDING CO.|
|Name: Joseph Selsavage|
|Title: Interim Chief Financial and Accounting Officer|
Dated: September 19, 2023