2017 STOCK INCENTIVE PLAN |
6 Months Ended |
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Apr. 30, 2022 | |
Stock Incentive Plan | |
2017 STOCK INCENTIVE PLAN |
NOTE 13 – 2017 STOCK INCENTIVE PLAN
On December 6, 2017, the Board of Directors adopted the 2017 Stock Incentive Plan (the “2017 Plan”) with shares of Common Stock available under the Plan for issuance. This Plan was approved by Stockholders at its meeting held on or around July 24, 2018.
On July 12, 2021, the Board of Directors adopted the 2021 Stock Incentive Plan (the “2021 Plan”). The 2021 Plan is identical to the 2017 in all material respects, except that the number of shares available for issuance thereunder is .
During the six months ended April 30, 2022, the Company granted to various eligible individuals Restricted Stock Awards of shares of common stock pursuant to the terms of the Plan. During the six months ended April 30, 2022, options vested and remain unexercised. options were exercised on a cashless basis, and shares were issued. As of April 30, 2022, there were shares available for future issue under both 2017 and 2021 Plans. The total stock compensation expense during the six months ended April 30, 2022, was $ .
During the six months ended April 30, 2021, options were forfeited. During the six months ended April 30, 2021, options vested. As of April 30, 2021, shares of common stock were issued pursuant the cashless exercise of options. options vested in March 2021 remained unexercised as of April 30, 2021. As of April 30, 2021, there were shares of common stock available for future issue under the 2017 Plan. The total stock compensation expense during the six months ended April 30, 2021, was $ .
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