Business
Knightscope Quadruples Workforce to Over 400 Strong; Company Approves Inducement Grants Under Nasdaq Rule 5635(c)(4)
SUNNYVALE, Calif., March 17, 2026--Knightscope, Inc. (NASDAQ: KSCP), the security technology company building the Nation’s First Autonomous Security Force, today announced a significant expansion of its workforce to over 400 personnel supporting its growing technology-enabled security services operations.
About this update from Knightscope, Inc.
SUNNYVALE, Calif., March 17, 2026--(BUSINESS WIRE)--Knightscope, Inc. (NASDAQ: KSCP), the security technology company building the Nation’s First Autonomous Security Force, today announced a significant expansion of its workforce to over 400 personnel supporting its growing technology-enabled security services operations. In connection with these new hires, the Compensation Committee of the Company’s Board of Directors approved equity awards to 320 employees as inducement grants material to their employment with the Company. In the aggregate, the inducement grants consist of 329,526 shares of the Company’s common stock. The inducement grants were approved by the Compensation Committee of the Company’s Board of Directors and were granted as a material inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4). The awards have an exercise price of $3.82, which is equal to the closing price of Knightscope’s common stock on March 13, 2026, and will vest, with respect to 25% of the shares subject to each such award, on the first anniversary of the date of grant, with the remaining shares vesting in equal monthly installments over a three-year period, in each case, subject to such employee’s continued service with Knightscope through the applicable vesting dates. The awards were issued across multiple employee tiers supporting the Company’s expanding operations, including 290 security agents responsible for client deployments and recurring revenue-generating security services, as well as 30 supervisory and leadership personnel. The workforce expansion reflects Knightscope’s continued evolution toward a technology-enabled managed services provider, delivering security at scale through a combination of autonomous technologies and trained security personnel supporting client deployments nationwide. "In an industry historically challenged by extremely high turnover, we believe building a world-class workforce starts with creating ownership and opportunity," said William Santana Li, Chairman and Chief Executive Officer, Knightscope, Inc. "By expanding our workforce and offering equity participation to new team members, we aim to attract and retain mission-driven professionals committed to helping us build the Nation’s First Autonomous Security Force." "This expansion reflects growing demand for our technology-enabled security...