Avalanche Treasury grants CEO stock options for 2.7 million shares at $0.54 exercise price

Avalanche Treasury granted stock options under its 2026 Omnibus Incentive Plan to CEO Gerald Bartholomew Smith for 2,700,000 shares.

COO Laine Mihalchick Moljo received options for 1,100,000 shares; both awards carry a $0.54 exercise price.

Both executives waived performance-vesting restricted stock units tied to their employment offer letters upon accepting the options.

The options vest in equal installments on Jan. 12, 2027, 2028 and 2029, subject to continued employment. Unvested options accelerate on certain post-change-in-control terminations, and the awards expire 10 years from the grant date.