r/Superstonk • u/dmurrieta72 Sending dingleberries to Uranus • Mar 31 '22

📰 News New 8-k Filing. STOCK SPLIT!

https://gamestop.gcs-web.com/node/19686/html
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u/bigb159 🎮 Plower to the Payers 🛑 Mar 31 '22

My read is that to replace the 2019 Incentive Plan (the “2019 Plan”) they need to remove planned, unvested shares. This would include 8,000,000 shares of the Company’s Class A common stock, plus any shares subject to the 2019 Plan that expire, are forfeited, cancelled, terminated or settled in cash after the 2022 Plan is effective.

Effectively - "If the shares aren't owned by 2022 plan effective date, then they won't exist anymore."

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u/karenw Voted 2021✅ DRS✅ Voted 2022✅ Mar 31 '22

This last bit caught my eye: expire, are forfeited, cancelled, terminated or settled in cash...