Aptera Motors Corp. has amended the employment agreement for its Interim Chief Financial Officer, Tom DaPolito. The Board of Directors approved the amendment on October 16, 2026, which modifies the engagement letter initially signed on August 25, 2025.
The new agreement extends Mr. DaPolito’s term through October 16, 2027. The amendment also alters the terms regarding his stock options. All outstanding and unvested stock options held by Mr. DaPolito will now vest in full immediately upon a change of control of the company, regardless of whether his engagement is terminated. Additionally, the period during which he may exercise vested stock options has been extended to three years following any termination of his engagement, provided the termination is not due to Cause.
The filing indicates that all other terms of the original Engagement Agreement remain in full force and effect. The amendment is filed as Exhibit 10.1 to the current report on Form 8-K.
