---
title: "Functional grants CEO Eric Gripentrog 3.5M options under amended employment agreement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291585822.md"
description: "Functional Brands Inc. amended CEO Eric Gripentrog's employment agreement, granting him 3.5 million fully vested stock options effective June 30, 2026. Approved by the Compensation Committee, this grant replaces a prior RSU award under the 2026 Equity Incentive Plan. The options have an exercise price of $0.0055, a 10-year term, and are immediately exercisable."
datetime: "2026-07-02T20:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291585822.md)
  - [en](https://longbridge.com/en/news/291585822.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291585822.md)
---

# Functional grants CEO Eric Gripentrog 3.5M options under amended employment agreement

**Functional amended CEO Eric Gripentrog's employment agreement and granted him a fully vested option to purchase 3,500,000 shares, exercisable immediately.**

Individual

Eric Gripentrog

Role

Chief Executive Officer

Type of Change

Amendment to employment agreement; Option grant

Effective Date

June 30, 2026

Reason

Amendment approved by Compensation Committee to replace prior RSU award with stock option grant

Replacement Info

Not disclosed

Background Details

Option granted under 2026 Equity Incentive Plan; incentive stock options, exercise price $0.0055, term 10 years, fully vested and exercisable as of grant

Board/Committee Role Changes

Compensation Committee approved the amendment

Original SEC Filing: Functional Brands Inc. \[ MEHA \] - 8-K - Jul. 02, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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