Inspirato Announces Incentive Grants Under Nasdaq Listing Rule 5635(c)(4)

DENVER, Aug. 16, 2024 (GLOBE NEWSWIRE) — Inspirato Incorporated (“Inspirato” or the “Company”) (NASDAQ: ISPO), the innovative luxury travel club, today announced that its Board of Directors has approved the grant of equity awards effective August 13, 2024 as a material incentive for the tenure of newly hired Chairman and CEO, Payam Zamani. The awards were made under the Company’s 2024 Inducement Award Plan (the “Inducement Plan”) in accordance with Nasdaq Listing Rule 5635(c)(4).

In connection with the appointment of Mr. Zamani as Chairman and Chief Executive Officer on August 12, 2024, Inspirato granted incentive awards consisting of (a) 500,000 time-based restricted stock units (“RSUs”) and (b) 500,000 performance-based restricted stock units (“PSUs”), each with an effective vesting date of August 13, 2024 and subject to continued service with Inspirato. The RSUs will vest over four years, with 25% of the shares vesting on August 13, 2025 and the remaining 75% vesting in equal quarterly installments over the remaining three years. The PSUs will vest on the trading day after Inspirato’s Class A Common Stock (NASDAQ: ISPO) achieves a closing price of $15 per share or greater for 30 consecutive days prior to August 14, 2025.