Sandnes, Norway, 19 February 2026 - The Board of Directors of Desert Control AS has issued option grants covering 525,000 share options, equal to approximately 0.45% of the total shares issued in the Company to new employees. The options will have a three-year vesting period, with initial vesting on the first anniversary of the option grant. Vesting is conditional on the option holder remaining engaged by the Company.
Subject to vesting, each option provides the option holder a right to subscribe or acquire one share in Desert Control AS at a strike price of NOK 1.67.
The option agreements set out further terms and conditions for the grant, including in case of termination of employment and cancellation of non-exercised options in case of breach of contract or bad leaver situations, accelerated vesting with respect to any change of control, adjustment events, and other customary provisions for such agreements.
David Borah, the company's new Chief Financial Officer, received a grant of 225,000 options.
Primary insider notification pursuant to the market abuse regulation article 19 is attached.
This information is subject to the disclosure requirements pursuant to the market abuse regulation article 19 and section 5-12 of the Norwegian Securities Trading Act.