Biodexa Pharmaceuticals (BDRX) director Simon Turton reports initial equity holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Biodexa Pharmaceuticals director Simon Turton has filed an initial ownership report for company securities. The filing shows a stock option over 288 American Depositary Shares with an exercise price of $475.0000 per ADS, expiring on January 23, 2034. The option vests over four years, with 25% vesting on the one-year anniversary of grant and 6.25% vesting every three months thereafter, subject to continued service. Turton also reports direct ownership of 2,765 Ordinary Shares. Each American Depositary Share represents 100,000 Ordinary Shares of Biodexa Pharmaceuticals.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Turton Simon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 288 shares (Direct);
Ordinary Shares — 2,765 shares (Direct)
Footnotes (1)
- The shares underlying this option vest over a four-year period with (i) 25% vesting on the one-year anniversary of grant, and (ii) 6.25% vesting every three months thereafter, subject to the Reporting Person's continued service through the applicable vesting date. Each American Depositary Share represents 100,000 ordinary shares, nominal value PS0.000001 per share, of the Issuer. The exercise price for this option is denominated in British pounds sterling at a price of GBP 373.936 per American Depositary Share. The exercise price reported herein was converted into British pound sterling to United States dollars at a conversion rate of GBP 1.00 to USD 1.2703. The exercise price is the actual British pound sterling amount regardless of the exchange rate on the date of exercise.
FAQ
What did Biodexa (BDRX) director Simon Turton report on his Form 3?
Simon Turton reported his initial ownership in Biodexa on Form 3. He holds a stock option over 288 American Depositary Shares and directly owns 2,765 Ordinary Shares, establishing his starting equity position as a company director.
What is the exercise price and term of Simon Turton’s Biodexa stock option?
Turton’s stock option has an exercise price of $475.0000 per American Depositary Share and expires on January 23, 2034. The price is originally denominated in British pounds and was converted into U.S. dollars using a stated exchange rate.
How do Simon Turton’s Biodexa stock options vest over time?
The option vests over four years. Twenty-five percent of the underlying shares vest on the one-year anniversary of the grant, and 6.25% vest every three months thereafter, provided Turton continues to serve through each applicable vesting date.