11. During 2021, Holiday granted stock options to key executives. The top 5 executives were each awarded 1,250,000 stock options with an exercise price of $40 per share. The options vest over 4 years. The Black Sholes Pricing Model places the value of the options at $28 per share at the time of grant. It is expected that 80% of the options will be exercised before they expire.

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