Fubo Announces Inducement Grants Under NYSE Listing Rule 303A.08

Rhea-AI Summary

FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, has announced the granting of restricted stock unit awards to eight new employees. The Compensation Committee of Fubo's Board of Directors approved these awards on September 27, 2024, covering an aggregate of 75,512 shares of common stock. These awards, granted under Fubo's 2024 Employment Inducement Equity Incentive Plan, are designed to induce new talent to join the company. The stock units will vest annually over a four-year period, contingent on continued employment. This action aligns with the New York Stock Exchange rules for employment inducement awards.

Positive

• Fubo is attracting new talent with stock-based compensation
• The company is expanding its workforce, potentially indicating growth
• Long-term vesting schedule (4 years) encourages employee retention

Negative

• Potential dilution of existing shareholders' equity due to new stock issuance

NEW YORK--(BUSINESS WIRE)-- FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced that on September 27, 2024, the Compensation Committee of Fubo’s Board of Directors granted restricted stock unit awards covering an aggregate of 75,512 shares of its common stock to eight new employees to induce them to join Fubo. The awards were granted under Fubo’s 2024 Employment Inducement Equity Incentive Plan, and vest annually over a four-year period following their grant, subject to continued employment. The awards were granted as employment inducement awards pursuant to the New York Stock Exchange rules.

About Fubo

With a global mission to aggregate the best in TV, including premium sports, news and entertainment content, through a single app, FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO) aims to transcend the industry’s current TV model. The company operates Fubo in the U.S., Canada and Spain and Molotov in France.

In the U.S., Fubo is a sports-first cable TV replacement product that aggregates more than 400 live sports, news and entertainment networks and is the only live TV streaming platform with every Nielsen-rated sports channel (source: Nielsen Total Viewers, 2023). Leveraging Fubo’s proprietary data and technology platform optimized for live TV and sports viewership, subscribers can engage with the content they are watching through an intuitive and personalized streaming experience. It was the first virtual MVPD to launch 4K streaming and MultiView, which it did years ahead of its peers, as well as Instant Headlines, a first-of-its-kind AI feature that generates contextual news topics as they are reported live on air.

Learn more at https://fubo.tv.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241014698678/en/

Investor Contacts



Ameet Padte, Fubo

ameet@fubo.tv



JCIR for Fubo

ir@fubo.tv



Media Contacts



Jennifer L. Press, Fubo

jpress@fubo.tv



Bianca Illion, Fubo

billion@fubo.tv

Source: fuboTV

FAQ

How many shares of restricted stock units did Fubo (FUBO) grant to new employees on September 27, 2024?

Fubo granted restricted stock unit awards covering an aggregate of 75,512 shares of its common stock to eight new employees on September 27, 2024.

What is the vesting schedule for the restricted stock units granted by Fubo (FUBO)?

The restricted stock units granted by Fubo vest annually over a four-year period following their grant, subject to continued employment.

Under which plan were the Fubo (FUBO) restricted stock units granted?

The restricted stock units were granted under Fubo's 2024 Employment Inducement Equity Incentive Plan.

Why did Fubo (FUBO) grant these restricted stock units to new employees?

Fubo granted these restricted stock units as employment inducement awards to induce new employees to join the company, in accordance with New York Stock Exchange rules.