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AI brief of an SEC Form 8-K · Tessera Defense & Homeland Security Inc. (HLSQ)

Tessera Defense CEO Oster signs employment deal with 1 million-share option grant

Neutral Impact 4 of 5 leadership Written later

Tessera Defense and Homeland Security filed an 8-K on October 7, 2026, disclosing new employment agreements with CEO Michael Oster and CFO David Rokach. Oster's package includes options on 1,000,000 shares at $1.15, 1,000,000 restricted stock units and 400,000 fully vested shares, plus performance grants tied to EBITDA per share for 2027 and 2028. Most equity awards require stockholder approval at an October 20, 2026 special meeting to raise the plan's share reserve from 685,000 to 6,000,000 shares.

Key points

  • Oster: monthly salary of NIS 55,000 (about $18,000) and an annual cash bonus of up to 50% of base salary
  • Oster equity: options on 1,000,000 shares at $1.15, 1,000,000 RSUs (25% vesting December 31, 2026) and 400,000 fully vested shares
  • Oster performance grants: up to 500,000 shares each for fiscal 2027 and 2028, starting when EBITDA per share exceeds $0.05 and $0.10
  • Rokach: monthly salary of NIS 35,000 (about $11,500) and 180,000 fully vested shares, subject to stockholder approval

The filing

CompanyTessera Defense & Homeland Security Inc. (HLSQ)
Form8-K, current report
Filed with the SECOct 7, 2026, 2:58 PM ET
Accession number0001213900-26-107541

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 07, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.