Yuwen (Alice) Zhang
About Yuwen (Alice) Zhang
Yuwen (Alice) Zhang, age 34, was appointed Chief Investment Officer (CIO) and Director of Sharps Technology, Inc. effective August 25, 2025. She co-founded Jambo, a web3 phone platform with a decentralized app store scaled to 120+ countries, and previously co-founded Avalon Capital, a global fund of funds focused on digital assets and technology . She is named as a proxy together with Executive Chairman Paul K. Danner for the company’s special meetings . Company-level TSR, revenue growth, and EBITDA growth for her tenure are not disclosed in the cited filings.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Jambo | Co-Founder | Not disclosed | First web3 phone with built-in decentralized app store; scaled distribution to 120+ countries |
| Avalon Capital | Co-Founder | Not disclosed | Global fund of funds specializing in digital assets and technology |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Jambo | Co-Founder | Not disclosed | Largest mobile network on Solana, per company bio |
| Avalon Capital | Co-Founder | Not disclosed | Experience partnering with top digital asset industry leaders |
Board Governance
- Board service: Director since August 25, 2025 .
- Committee roles: Chair, Strategic Advisory Committee (members: Paul K. Danner and Yuwen (Alice) Zhang). Committee guides the company’s approach to digital assets .
- Proxy authority: Named as a proxy for shareholders at special meetings .
- Dual-role implications: Executive officer serving on the board and chairing a strategic committee focused on digital assets concentrates influence in treasury/strategy oversight; the Nominating and Governance Committee addresses board independence and potential conflicts (committee comprised of independent directors) .
Fixed Compensation
| Component | Amount/Terms | Effective Date | Notes |
|---|---|---|---|
| Base Salary | $600,000 per annum | Aug 23, 2025 (Effective Date in agreement) | May be increased by Board; not reduced |
| Annual Cash Bonus Eligibility | Discretionary under senior exec bonus plan; based on Board-set individual/company goals | 2025 onward | Pay timing no later than March 15 of following year; pro-rated for partial year |
| Benefits | Eligible for health, welfare, retirement, and standard perquisites on senior exec terms | 2025 onward | Standard exec benefits and reimbursable expenses |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Annual Cash Bonus | Not disclosed | Not disclosed | Not disclosed | Discretionary; paid by Mar 15 of following year | Cash (annual timing) |
Equity Awards (RSUs/Options)
| Award Type | Grant Size | Exercise/Grant Price | Vesting Schedule | Term/Notes |
|---|---|---|---|---|
| Stock Option (Initial Grant, subject to Board approval) | 500,000 shares | Exercise price = Fair Market Value on grant date per 2025 Plan | Vests in 4 equal installments on each of the first four quarterly anniversaries of grant date; fully vested at 1 year | Award documented under 2025 Plan; standard terms per award agreement |
| Equity Plan Capacity | 2,000,000 shares registered under 2025 Equity Incentive Plan | N/A | N/A | Plan capacity for future employee awards |
Equity Ownership & Alignment
| Item | Shares/Amount | % of Outstanding | Notes |
|---|---|---|---|
| Total Beneficial Ownership | 139,040 shares | Less than 1% | Includes shares deemed owned under SEC rules |
| Options (Exercisable ≤60 days of Sep 9, 2025) | 125,000 underlying shares | N/A | Counted in beneficial ownership under SEC 60-day rule |
| Pledging/Hedging | Not disclosed | N/A | No pledging disclosure found in cited filings |
| Ownership Guidelines | Not disclosed | N/A | Not disclosed in cited filings |
| Section 16 Status | Form 3 not filed as of Sept 23, 2025 | N/A | Compliance gap flagged by company |
Employment Terms
- Term and renewal: 1-year term from Effective Date with potential one-year renewals by mutual agreement (notice ≥30 days prior to expiration) .
- Severance: Upon Qualifying Termination (without Cause or for Good Reason), lump-sum severance equal to 1/12th of Base Salary, payable within 74 days, contingent on execution of release .
- Good Reason definition: Material diminution in Base Salary or title/authority/duties, or company breach, subject to notice and cure periods .
- Change-of-control economics: Agreement includes 280G “best-pay cap” reduction to avoid excise tax; no gross-up; CIC definition provided; no explicit CIC severance multiple disclosed .
- Non-compete / Non-solicit: Post-termination Restricted Period through the first anniversary of the termination date; non-compete applies across U.S. states and Canadian provinces (and other jurisdictions of company business), and non-solicit covers employees and customers with recent contact .
- Confidentiality and IP: Strong confidentiality obligations and assignment of inventions/work-for-hire; tolling for breaches .
- Arbitration and governing law: JAMS employment arbitration rules; governing law New York; jury trial waiver .
- Clawback: Company adopted Compensation Recovery Policy effective April 15, 2025, mandating recovery of erroneously awarded incentive-based compensation upon accounting restatements, per SEC/Nasdaq rules . Executive agreement subjects compensation to company clawback policies .
Investment Implications
- Alignment and dilution: Time-based option vesting (quarterly over one year) provides retention but is not explicitly performance-tied; plan capacity of 2,000,000 shares supports future equity issuance and potential dilution .
- Cash vs at-risk pay: High fixed base ($600k) with discretionary bonus governed by board-set goals suggests limited visibility into pay-for-performance calibration; absence of disclosed performance metrics/targets reduces transparency .
- Severance/retention: Severance is modest (≈$50k based on 1/12th of base), lowering separation costs but potentially offering limited retention leverage; one-year non-compete/non-solicit may mitigate near-term competitive risk .
- Governance and influence: Executive-director dual role and chairing Strategic Advisory Committee centralize influence over digital asset strategy/treasury; independent committees oversee risk and independence, but concentrated strategic oversight should be monitored .
- Compliance signal: Company disclosed that Zhang had not filed her Form 3 as of Sept 23, 2025—an operational red flag to watch for timely Section 16 compliance and subsequent Form 4 activity .
Key data gaps: bonus targets/metrics, equity acceleration terms, ownership guidelines, pledging/hedging policies, director meeting attendance and cash/equity director compensation for Zhang. Only disclosed information is presented; undisclosed items are omitted per instruction.