AudioCodes (AUDC) director Nevo Doron details shares and RSU awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
AudioCodes Ltd director Nevo Doron has filed an initial Form 3 reporting his ownership of Ordinary Shares and restricted stock units (RSUs). The filing lists several blocks of directly held Ordinary Shares, including one line showing 25,000 shares reported as "total shares following transaction."
The footnotes explain that some shares were issued upon vesting of previously granted RSUs, and that other RSU grants each represent a right to receive one Ordinary Share upon vesting. These RSUs vest in three equal annual installments starting on 10/24/2024, 09/17/2025, and 09/16/2026, subject to Doron’s continued service with AudioCodes or its subsidiaries.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
NEVO DORON
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 25,000 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 Audicodes 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 Audicodes 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 Audicodes 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 the AudioCodes (AUDC) Form 3 filed by Nevo Doron report?
The Form 3 reports director Nevo Doron’s initial beneficial ownership in AudioCodes Ltd. It lists directly held Ordinary Shares and multiple restricted stock unit (RSU) awards that convert into shares over time, establishing Doron’s baseline equity stake as a company insider.
How do Nevo Doron’s RSUs in AudioCodes (AUDC) vest according to the Form 3?
Nevo Doron’s restricted stock units (RSUs) each represent the right to receive one Ordinary Share of AudioCodes. The RSUs vest in three equal annual installments beginning on 10/24/2024, 09/17/2025, and 09/16/2026, if he continues serving the company or its subsidiaries.
Are Nevo Doron’s RSUs in AudioCodes (AUDC) subject to any service conditions?
Yes. The Form 3 states that Nevo Doron’s RSU grants vest in three equal annual installments only if he maintains continued service to AudioCodes Ltd or its subsidiaries through each vesting date, linking the equity awards directly to ongoing employment or board service.
What type of securities are reported in Nevo Doron’s AudioCodes (AUDC) Form 3?
The filing reports Ordinary Shares of AudioCodes Ltd and multiple grants of restricted stock units (RSUs). Each RSU represents a contingent right to receive one Ordinary Share, with vesting over three annual installments tied to Doron’s continued service with the company.