Instabank ASA – Exercise of share options and joint sale of option shares
Reference is made to the share option program of Instabank ASA (the "Company").
In an exercise window opened in connection with the publication of the Company's Q2 2026 results, option holders under the share option program have exercised a total of 3,605,000 vested options with a strike price of NOK 1.48 per share.
Please see the attached form of notification and public disclosure regarding options exercised by primary insiders.
The exercised options will be settled by delivery of 3,605,000 new shares in the Company. To issue such new shares, the Company's board of directors has resolved to increase the Company's share capital by NOK 3,605,000 pursuant to the board authorization to increase the Company's share capital granted at the Company's annual general meeting held on 9 April 2026. Following the registration of such share capital increase in the Norwegian Register of Business Enterprises, the Company will have a share capital of NOK 464,819,739 divided into 464,819,739 shares, each with a par value of NOK 1.
Primary insiders Anne Jørgensen (COO), Farzad Jalily (CTO), Janne Perlestenbakken (Head of CRM), Per Kristian Haug (CFO), Kjetil Knudsen (CRO) and certain other option holders have transferred their rights to receive 3,495,000 of the new shares following the exercise of options to DNB Carnegie in order to complete a joint sale of the number of shares necessary for the holders to receive the residual number of shares on a cash-free basis under the share option program.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation (MAR).
For further information, please contact: Robert Berg, CEO +47 974 85 610
Per Kristian Haug, CFO +47 952 38 717
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