Provided founding and organizational services without salary or cash compensation, and contributed financing with personal funds in exchange for shares or options, convertible notes or other securities
| Officer | Age | In this role | Joined | Pay | Source |
|---|---|---|---|---|---|
|
Jeffrey B. Shealy
Also a director
Co-Founder, President Chief Executive Officer and director
|
57 | Not stated | Not stated | Not reported | |
|
Jason Tu
Chief Accounting Officer and Treasurer
|
31 | Not stated | Not stated | Not reported | |
|
Richard Ogawa
Also a director
Director and Secretary
|
63 | Not stated | Not stated | Not reported |
Each officer opens the passage of the filing that names them. A title that changed since the list comes from the officer's latest Form 3, 4 or 5, and its start year is not stated there. "Not stated" means the filing does not say. Pay is the proxy's Summary Compensation Table, which reports only the named executive officers.
Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.
Provided founding and organizational services without salary or cash compensation, and contributed financing with personal funds in exchange for shares or options, convertible notes or other securities
Consulting arrangement for technology development, financial planning, marketing, intellectual property and operational management, paid in restricted stock
Full-time employment agreement with annual base salary of $300,000 and customary employee benefits
Services on an as-needed basis, then part-time employee at annual salary of $90,000
Consulting services utilized by the Company, with compensation expense recognized
Issued 62,500 shares of restricted stock for human resources services, fully vested as of December 31, 2025
Human resources, talent development, risk management and related consulting services for $10,000 per month, with right to purchase 30,000 shares vesting over four years
Issued 50,000 restricted shares for semiconductor services, government grant proposals and fundraising, fully vested as of December 31, 2025
Company purchased test equipment from James Shealy
Granted 15,000 restricted stock units under the 2025 Plan for continued advisory services
Received 62,500 restricted shares for semiconductor device management advisory services
Received 50,000 restricted shares for semiconductor management consulting services
Received 41,667 restricted shares for advisory services relating to lighting-services applications
Issued 41,667 shares of restricted stock for advisory services relating to accounting, finance, payroll and benefits, fully vested as of December 31, 2025
Finance, accounting, payroll and benefits consulting services for $10,000 per month, with right to purchase 30,000 shares vesting over four years
Issued SAFEs of $50,000 each to the three individuals in April 2023, aggregate proceeds of $150,000
Additional SAFEs issued to related parties in April, May and June 2025 for aggregate gross proceeds of $1,520,000, including $950,000 from Mr. Shealy
SAFEs converted in the Merger into 833,333 shares of Common Stock and warrants to purchase 833,333 shares at $1.20 per share
SAFEs converted in the Merger into 125,000 shares of Common Stock and warrants to purchase 125,000 shares each
Unsecured, non-interest-bearing loan repaid in full during 2025
Exchanged 300,000 shares of Vega Links Common Stock for 120,000 shares of Company Common Stock in the Vega Links share exchange
Unsecured promissory note assumed in the Unite merger, principal $275,000, bearing 12% interest, repaid in full with accrued interest in October 2025
Unite services agreement under which Unite paid $1,250 per quarter for advisory, accounting and administrative support services; terminated in connection with the merger
Company assumed a $7,000 payable for services rendered prior to the merger, paid in full in October 2025
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