ALR Technologies (ALRTF) director discloses shares and stock options
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
ALR Technologies SG Ltd. director Ronald Cheng filed an initial statement of ownership showing his current equity position. He directly holds 1,205,800 Ordinary Shares of the company.
He also holds stock options over 5,000,000 Ordinary Shares at an exercise price of $0.01 per share, expiring on June 30, 2028. A prior redomicile merger in November 2022 converted his former ALR Technologies Inc. shares, options, and warrants into equivalent ALR Technologies SG Ltd. securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cheng Ronald
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option — 5,000,000 shares (Direct, null);
Ordinary Shares — 1,205,800 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Direct Ordinary Shares held: 1,205,800 shares
Options underlying shares: 5,000,000 shares
Option exercise price: $0.01 per share
+3 more
6 metrics
Direct Ordinary Shares held
1,205,800 shares
Beneficial ownership as reported by Ronald Cheng
Options underlying shares
5,000,000 shares
Underlying Ordinary Shares for stock options held by Cheng
Option exercise price
$0.01 per share
Exercise price of Cheng’s stock options
Option expiration date
June 30, 2028
Expiration of stock options over 5,000,000 Ordinary Shares
Merger effective date
November 7, 2022
Redomicile merger converting prior ALR Technologies Inc. securities
Unknown transaction entries
2 entries
Holdings recorded with unknown transaction code in summary
Key Terms
Ordinary Shares, Stock Option, exercise price, Redomicile Merger
4 terms
Stock Option financial
"each option or warrant to purchase shares of Common Stock beneficially owned by the reporting person was converted into an option"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
exercise price financial
"an option or warrant to subscribe for an equivalent number of ALR Singapore Ordinary Shares at an equivalent exercise price"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Redomicile Merger regulatory
"the Redomicile Merger resulted in ALR Singapore becoming a parent company and successor to ALR Technologies Inc."
FAQ
What does ALR Technologies (ALRTF) director Ronald Cheng report owning?
Ronald Cheng reports direct ownership of 1,205,800 Ordinary Shares of ALR Technologies SG Ltd. He also holds stock options linked to 5,000,000 Ordinary Shares, giving him significant additional potential equity exposure if he chooses to exercise those options.
How did the ALR Technologies redomicile merger affect Cheng’s holdings?
A redomicile merger completed on November 7, 2022 converted each ALR Technologies Inc. common share into one ALR Technologies SG Ltd. ordinary share. Cheng’s existing options and warrants were similarly converted into rights over an equivalent number of ALR Technologies SG Ltd. Ordinary Shares.
What is the exercise price and term of Cheng’s ALRTF stock options?
Cheng’s stock options carry an exercise price of $0.01 per Ordinary Share and an expiration date of June 30, 2028. This low exercise price and long remaining term provide him substantial leverage to future share price performance during the option life.