On August 7, 2024, iRobot Corporation, a company incorporated in Delaware, filed a Registration Statement on Form S-8 with the Securities and Exchange Commission. This filing was for the purpose of registering 370,500 shares of common stock as part of inducement awards for Jeff Engel, who accepted employment with iRobot. The inducement awards consist of performance-based and time-based restricted stock units (RSUs) and are not part of the company's 2018 Stock Option and Incentive Plan. Instead, they are issued under the NASDAQ inducement grant exception. The performance-based RSUs will vest based on the achievement of specific stock price milestones over a four-year period, while the time-based RSUs will vest according to a set schedule. The shares are subject to certain conditions, including continued employment and performance criteria.

On August 7, 2024, iRobot Corporation, a company incorporated in Delaware, filed a Registration Statement on Form S-8 with the Securities and Exchange Commission. This filing was for the purpose of registering 370,500 shares of common stock as part of inducement awards for Jeff Engel, who accepted employment with iRobot. The inducement awards consist of performance-based and time-based restricted stock units (RSUs) and are not part of the company's 2018 Stock Option and Incentive Plan. Instead, they are issued under the NASDAQ inducement grant exception. The performance-based RSUs will vest based on the achievement of specific stock price milestones over a four-year period, while the time-based RSUs will vest according to a set schedule. The shares are subject to certain conditions, including continued employment and performance criteria.