Airgain® Reports Granting of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)

SAN DIEGO–(BUSINESS WIRE)–Airgain, Inc. (NASDAQ: AIRG), a leading provider of advanced wireless connectivity solutions, today announced that it has granted inducement awards to new employees who recently joined the Company.

The awards were granted on February 15, 2026, under Airgain’s 2021 Employment Inducement Incentive Award Plan, which provides for the granting of equity awards to new employees of Airgain as an inducement to join the company. The inducement awards to the new employees consist in the aggregate of options to purchase 24,297 shares of Airgain common stock and 18,794 restricted stock units (“RSUs”).

The options have a 10-year term and an exercise price equal to $5.58, the fair market value of Airgain common stock on the date of grant. The options shall vest over a four-year period, with 25% of the shares subject to the options vesting on the first anniversary of the vesting commencement date of March 15, 2026, and the remaining shares vesting in 36 equal monthly installments thereafter, subject to the employee’s continued service with the Company through each applicable vesting date.

Each RSU represents a contingent right to receive one share of the Company’s common stock and there is no exercise price associated with the RSUs granted thereunder. The RSUs vest in four substantially equal installments on each of March 15, 2027, 2028, 2029, and 2030, subject to the employee’s continued service with the Company through each applicable vesting date.

The awards were approved by the Compensation Committee of Airgain’s Board of Directors, as required by Nasdaq Rule 5635(c)(4), and were granted as an inducement material to the new employees entering into employment with Airgain in accordance with Nasdaq Rule 5635(c)(4). The awards were not individually negotiated.

About Airgain, Inc.

Headquartered in San Diego, California, Airgain, Inc. (NASDAQ: AIRG) is a leading provider of advanced wireless connectivity solutions that drive cutting-edge innovation in 5G technology. We are committed to delivering high-performance, cost-effective, and energy-efficient wireless solutions that enable rapid market deployment. Our mission is to connect the world through integrated, innovative, and optimized wireless solutions. Our diverse product portfolio serves three primary markets: enterprise, automotive, and consumer. For more information, visit airgain.com, or follow us on LinkedIn and X.

Airgain and the Airgain logo are trademarks, or registered trademarks of Airgain, Inc. All other trademarks are the property of their respective owner.

Contacts

Airgain Investor Contact
Matt Glover
Gateway Group, Inc.
+1 (949) 574 3860
AIRG@gateway-grp.com