Insider Trading Arrangements |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jul. 31, 2025 |
Jul. 31, 2025 |
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Trading Arrangements, by Individual [Table] | ||||
Material Terms of Trading Arrangement [Text Block] |
During the three months ended July 31, 2025, of the Company's directors or executive officers adopted or terminated any contract, instruction, or written plan for the purchase or sale of Company securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any "non-Rule 10b5-1 trading arrangement" (as those terms are defined in Regulation S-K, Item 408).
The Company entered into an Executive Employment Agreement with Mr. Saleh Sagr, effective as of September 9, 2025 (the "Employment Agreement"). Pursuant to the Employment Agreement, Mr. Sagr will receive an initial annual base salary of $450,000 and a short-term annual incentive bonus opportunity with a target incentive equal to 100% of his base salary. In addition, Mr. Sagr will also be eligible to receive a long-term incentive, consisting of a cash performance award and restricted stock grants with a total annual target award equal to 100% of his base salary, with pro-rata vesting of restricted stock grants over a three-year period. The Employment Agreement is for an initial term of three years, with automatic annual renewal periods for up to two successive one-year terms.
The Employment Agreement, which is filed as Exhibit 10.1 hereto, is incorporated herein by reference. The foregoing description of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to Exhibit 10.1. |
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Rule 10b5-1 Arrangement Adopted [Flag] | false | |||
Non-Rule 10b5-1 Arrangement Adopted [Flag] | false | |||
Rule 10b5-1 Arrangement Terminated [Flag] | false | |||
Non-Rule 10b5-1 Arrangement Terminated [Flag] | false |