Zedge CEO Morris Berger signs three-year contract with equity grant

Zedge, Inc. entered into a three-year employment agreement with Morris Berger on September 29, 2026, formalizing his role as Chief Executive Officer. The company, which trades under the ticker ZDGE on the NYSE American, filed a Form 8-K with the Securities and Exchange Commission on October 9, 2026, to disclose the terms of the arrangement. Berger began serving as CEO on October 1, 2026, a transition previously announced in an August 31, 2026 filing by the Board of Directors.

The employment agreement specifies an annual base salary of $450,000 for Berger. In addition to his base compensation, the contract includes a one-time cash signing bonus of $25,000 payable after his start date and a one-time cash stay bonus of $25,000 payable following the first anniversary of his tenure. The agreement also provides for severance equal to one year of base salary if his employment is terminated by the company without cause or if he resigns for good reason, as defined in the document.

A significant portion of Berger's compensation is tied to equity incentives under the company's 2026 Equity Incentive Plan. The contract grants him ten-year options to purchase shares of Zedge's Class B common stock. These options represent 3% of the company's issued and outstanding common shares as of October 1, 2026. The exercise price for these options is set at the fair market value of a share on the date of grant. Vesting occurs in twenty equal quarterly installments over five years, commencing on his start date.

The agreement includes a provision for full acceleration of vesting for the described options if Berger's employment is terminated by the company without cause or if he resigns for good reason. The full text of the employment agreement is filed as Exhibit 10.1 to the Form 8-K and serves as the definitive reference for its terms. The report was signed by Yi Tsai, Chief Financial Officer of Zedge, Inc.