#Canada #Vancouver #electric vehicles #stock options #GreenPower Motor

GreenPower Motor Company Announces Annual Stock Option Grants

On March 14, 2025, GreenPower Motor Company Inc., which is publicly traded on both Nasdaq (GP) and TSX Venture Exchange (GPV), made an announcement that is critical to its leadership and workforce. As a principal player in the all-electric vehicle sector, specializing in zero-emission medium and heavy-duty transport vehicles, GreenPower is affirming its dedication to employee engagement and company growth through an annual stock option grant.

The announcement detailed that the company allocated a total of 525,000 incentive stock options to its four Independent Directors and three Officers, along with 250,000 options for its employees. Additionally, a consultant was granted 25,000 options. This stock option initiative marks the company's strategy to retain talent and incentivize performance aligned with GreenPower's innovative objectives in the electric vehicle (EV) market.

Stock Option Details

The stock options are pending approval from the TSX Venture Exchange. Each option allows the holder to purchase shares at a rate of CDN $0.78 per share over a period of five years. Each Director and the Chief Financial Officer (CFO) received 75,000 stock options, which vest in increments, with the first vesting occurring four months after the grant date and full vesting achieved one year after. For employees and the consultant, the options similarly begin vesting four months after the grant, but will fully vest over a period of three years.

This allocation of stock options highlights GreenPower's strategy to enhance operational efficiency while fostering a culture of ownership among its team members. By providing such incentives, the company aims to motivate its employees and management towards shared goals in the evolving market of electric vehicle technology.

About GreenPower Motor Company

Founded in Vancouver, Canada, GreenPower meticulously designs and builds a full range of all-electric medium and heavy-duty vehicles, which include transit buses, school buses, shuttles, and cargo vans. The company's approach capitalizes on clean-sheet designs and incorporates global suppliers for essential components, establishing a versatile OEM platform. The versatility of this platform allows GreenPower to meet the varied specifications required by different operators while ensuring easily maintainable vehicles with standardized parts.

With its primary operational hub located in Southern California and the ability to adapt to evolving market demands, GreenPower has continued to solidify its presence in the electric vehicle space. Following an initial public offering on the Toronto Exchange in November 2015, they further expanded with a U.S. IPO and NASDAQ listing in August 2020, marking a significant milestone in their path toward market expansion.

For more information or queries regarding GreenPower, please feel free to reach out directly to:

• - Fraser Atkinson, CEO at (604) 220-8048
• - Brendan Riley, President at (510) 910-3377
• - Michael Sieffert, CFO at (604) 563-4144

The proactive steps taken by GreenPower in granting stock options not only exemplify its commitment to empowering its workforce but also reflect a calculated move in solidifying its market leadership as it continues to innovate and expand in the clean energy sector. As the demand for zero-emission vehicles increases, GreenPower stands poised to capture new opportunities while ensuring its team is invested in the company's success.