Option holders in Aprila Bank ASA (“Aprila”) have on 28 November 2023 exercised 250,022 options, pursuant to the company’s stock option plan which was authorised by the ordinary general meeting in the company on 27 April 2023.

In addition to the strike price, option holders who are employees in Aprila shall reimburse the social security tax to the company. For employees, the exercise of options is also subject to income taxation based on the option holder’s gain, calculated as the difference between the volume-weighted average share price during the exercise window and the sum of strike and social security tax.

Options exercised by primary insiders:

Øystein Dannevig, Chief Decision Scientist in Aprila, has exercised 118,383 options in the company, corresponding to 118,383 shares at a volume-weighted strike price of 6.19. Following the issue of the underlying shares, Øystein Dannevig will hold, directly and through his wholly owned investment company ØSD Invest AS, a total of 1,252,781 shares in the company, equal to 1.9% of the share capital.

Kjetil Sørlien Barli, Chief Financial Officer in Aprila, has exercised 12,433 options in the company, corresponding to 12,433 shares at a strike price of NOK 1.00. Following the issue of the underlying shares, Kjetil Sørlien Barli will hold, directly and through his wholly owned investment company Blue Mountain Capital AS, a total of 598,653 shares in the company, equal to 0.9% of the share capital.

Israr Khan, Chief Product & Technology Officer in Aprila, has exercised 10,289 options in the company, corresponding to 10,289 shares at a strike price of NOK 1.00. Following the issue of the underlying shares, Israr Khan will hold, directly and through his wholly owned investment company Disruptor AS, a total of 750,289 shares in the company, equal to 1.1% of the share capital.