Sakura Internet to Distribute Restricted Shares to Executives on July 8

TOKYO, Jun 23 (Pulse News Wire) – SAKURA Internet Inc. (3778.T) resolved today to distribute restricted shares to its executives on July 8, 2026.

The resolution was made during a board meeting held. Under this distribution, 10,657 common shares will be allocated to three directors and 1,000,000 shares to eleven executive officers. Each share will be valued at ¥3,190 per share, resulting in a total allocation amounting to ¥70.8 million. This move follows the implementation of a stock option program approved by shareholders in June 2022, aimed at aligning executive interests more closely with those of shareholders.

The program stipulates that restricted shares cannot be transferred until certain conditions are met, such as continued employment or completion of a vesting period. Under the agreement, the restricted period begins on July 8, 2026, and ends upon the director's or officer’s departure from their position. During this period, recipients are prohibited from transferring, pledging, or otherwise disposing of the allotted shares without permission. In cases where the recipient leaves the company prematurely, the company retains the right to reclaim the shares free of charge, subject to exceptions deemed reasonable by the board.