UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 3, 2021, Artelo Biosciences, Inc., a Nevada corporation (the “Company”), granted an option to its principal executive officer, Gregory D. Gorgas, to purchase 1,355,000 shares of the Company’s common stock, par value $0.001 per share, at an exercise price of $0.63 per share, under the Company’s 2018 Equity Incentive Plan (the “Plan”). Subject to Mr. Gorgas remining a Service Provider (as defined under the Plan) through each applicable vesting date, 25% of the shares subject to the option shall vest on December 3, 2022, and the balance of the unvested shares shall vest ratably each month thereafter for a 36 month period, on the third day of each such month. Mr. Gorgas’s option award is subject to the terms of the Plan.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ARTELO BIOSCIENCES, INC. |
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/s/ Gregory D. Gorgas |
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Gregory D. Gorgas |
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President & Chief Executive Officer |
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Date: December 7, 2021 |
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