Stanley Stern discloses initial Audiocodes (AUDC) share and RSU holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Audiocodes Ltd director Stanley Stern has filed an initial Form 3 reporting his beneficial ownership of ordinary shares. The filing lists several directly held share blocks, including holdings of 45,000 and 10,000 ordinary shares. Footnotes explain that some shares were issued upon vesting of previously granted restricted stock units and that additional RSU awards will vest in three equal annual installments beginning on 10/24/2024, 09/17/2025, and 09/16/2026, subject to his continued service with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
STERN STANLEY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 45,000 shares (Direct)
Footnotes (1)
- These shares were issued upon vesting of previously granted RSU's The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share of ordinary stock of Audiocodes Ltd (the "Company"). The RSUs vest in three equal annual installments commencing on 10/24/2024 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share of ordinary stock of Audiocodes Ltd (the "Company"). The RSUs vest in three equal annual installments commencing on 09/17/2025 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share of ordinary stock of Audiocodes Ltd (the "Company"). The RSUs vest in three equal annual installments commencing on 09/16/2026 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
FAQ
What does Stanley Stern’s Form 3 filing for AUDIOCODES (AUDC) show?
The Form 3 shows director Stanley Stern’s initial reported ownership in Audiocodes ordinary shares. It lists several directly held share blocks and explains that some were issued upon RSU vesting, with additional RSUs scheduled to vest over future years.
Are there any buy or sell transactions in the AUDIOCODES (AUDC) Form 3?
No specific buy or sell transactions are identified in this Form 3. The entries are holding records, and the footnotes describe RSU vesting schedules rather than open-market trades or option exercises by director Stanley Stern.
How do the RSUs for Stanley Stern at AUDIOCODES (AUDC) vest?
The RSUs granted to Stanley Stern each represent a right to one ordinary share. According to the filing, they vest in three equal annual installments starting on 10/24/2024, 09/17/2025, and 09/16/2026, contingent on his continued service.
What type of security does the AUDIOCODES (AUDC) Form 3 reference?
The Form 3 references Audiocodes ordinary shares as the main security. It also describes restricted stock units that convert into ordinary shares upon vesting, giving Stern a contingent right to receive one ordinary share per RSU granted.
Why is a Form 3 important for AUDIOCODES (AUDC) investors?
Form 3 provides the market with an insider’s initial ownership position when they become a director, officer, or large shareholder. For Audiocodes, it outlines Stanley Stern’s starting stake and RSU-based compensation structure, improving transparency around insider alignment.