{
  "document_id": 4,
  "filename": "test_grant_difficult.pdf",
  "document_type": "RSU,ISO",
  "status": "REQUIRES_REVIEW",
  "grants": [
    {
      "grant_id": "RSU-2024-0412",
      "grant_type": "RSU",
      "participant_name": "Jonathan Michael Reyes-Villanueva",
      "grant_date": "2024-01-15",
      "exercise_price": null,
      "fmv_on_grant_date": null,
      "expiration_date": null,
      "total_shares": 15000,
      "vesting_schedule": {
        "total_vesting_months": 48,
        "cliff_months": 12,
        "frequency": "QUARTERLY",
        "vesting_start_date": "2024-01-15",
        "tranches": [
          {
            "vest_date": "2025-01-15",
            "shares": 3750,
            "is_cliff": true
          },
          {
            "vest_date": "2025-04-15",
            "shares": 938,
            "is_cliff": false
          },
          {
            "vest_date": "2025-07-15",
            "shares": 937,
            "is_cliff": false
          },
          {
            "vest_date": "2025-10-15",
            "shares": 937,
            "is_cliff": false
          },
          {
            "vest_date": "2026-01-15",
            "shares": 937,
            "is_cliff": false
          },
          {
            "vest_date": "2026-04-15",
            "shares": 937,
            "is_cliff": false
          },
          {
            "vest_date": "2026-07-15",
            "shares": 937,
            "is_cliff": false
          },
          {
            "vest_date": "2026-10-15",
            "shares": 937,
            "is_cliff": false
          },
          {
            "vest_date": "2027-01-15",
            "shares": 937,
            "is_cliff": false
          },
          {
            "vest_date": "2027-04-15",
            "shares": 937,
            "is_cliff": false
          },
          {
            "vest_date": "2027-07-15",
            "shares": 937,
            "is_cliff": false
          },
          {
            "vest_date": "2027-10-15",
            "shares": 937,
            "is_cliff": false
          },
          {
            "vest_date": "2028-01-15",
            "shares": 942,
            "is_cliff": false
          }
        ]
      },
      "plan_name": "Acme Technologies, Inc. 2024 Equity Incentive Plan"
    },
    {
      "grant_id": "ISO-2024-0413",
      "grant_type": "ISO",
      "participant_name": "Jonathan Michael Reyes-Villanueva",
      "grant_date": "2024-01-15",
      "exercise_price": "12.5000",
      "fmv_on_grant_date": "12.5000",
      "expiration_date": "2034-01-15",
      "total_shares": 25000,
      "vesting_schedule": {
        "total_vesting_months": 48,
        "cliff_months": 12,
        "frequency": "QUARTERLY",
        "vesting_start_date": "2024-01-15",
        "tranches": [
          {
            "vest_date": "2025-01-15",
            "shares": 6250,
            "is_cliff": true
          },
          {
            "vest_date": "2025-04-15",
            "shares": 1563,
            "is_cliff": false
          },
          {
            "vest_date": "2025-07-15",
            "shares": 1563,
            "is_cliff": false
          },
          {
            "vest_date": "2025-10-15",
            "shares": 1562,
            "is_cliff": false
          },
          {
            "vest_date": "2026-01-15",
            "shares": 1563,
            "is_cliff": false
          },
          {
            "vest_date": "2026-04-15",
            "shares": 1562,
            "is_cliff": false
          },
          {
            "vest_date": "2026-07-15",
            "shares": 1562,
            "is_cliff": false
          },
          {
            "vest_date": "2026-10-15",
            "shares": 1563,
            "is_cliff": false
          },
          {
            "vest_date": "2027-01-15",
            "shares": 1563,
            "is_cliff": false
          },
          {
            "vest_date": "2027-04-15",
            "shares": 1562,
            "is_cliff": false
          },
          {
            "vest_date": "2027-07-15",
            "shares": 1562,
            "is_cliff": false
          },
          {
            "vest_date": "2027-10-15",
            "shares": 1563,
            "is_cliff": false
          },
          {
            "vest_date": "2028-01-15",
            "shares": 1562,
            "is_cliff": false
          }
        ]
      },
      "plan_name": "Acme Technologies, Inc. 2024 Equity Incentive Plan"
    }
  ],
  "portfolio": null,
  "warnings": [
    "ERROR: ISO shares becoming exercisable in 2025: 10,938 shares x $12.5000 FMV = $136,725.00. Exceeds Section 422(d) $100,000 annual limit. Shares above the limit are treated as NSO for tax purposes. [grant_details.fmv_on_grant_date]",
    "WARNING: The narrative description and the reference table disagree on RSU post-cliff installment pattern. Narrative states first post-cliff=938, subsequent=937 except final. Table states Q1=938, Q2-Q11=937, Final=942 (11 tranches of 937, not described in narrative). Exhibit A footnote",
    "CRITICAL: Internal inconsistency: Plan Board amendment date is March 3, 2024, but Grant Date is January 15, 2024 \u2014 grants predate the amended plan under which they purport to be issued. Section states Grant Date: 2024-01-15. Elsewhere states Plan amendment effective: 2024-03-03.",
    "WARNING: Stockholder plan approval is required for ISO grants under ISO requires plan approved by stockholders within 12 months before/after adoption; no stockholder approval date present. This clause was not found in the document."
  ],
  "fields_requiring_review": []
}