Biomerica CFO reports multiple stock option grants
Newly reported finance executive at BIOMERICA INC discloses several existing multi-year stock option awards in a Form 3 filing.
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Form Type
3
Rhea-AI Filing Summary
BIOMERICA INC (BMRA) filed an initial insider ownership report for Qu Xiaoxuan, who serves as Principal Financial Officer and Principal Accounting Officer. The filing lists existing stock option awards covering 4,300 shares at $2.13, 4,188 shares at $2.64, 1,875 shares at $7.28, and 1,000 shares at $9.44, all for common stock. These options vest in four equal annual installments beginning on dates from August 21, 2024 through April 10, 2027, subject to continued service, and any vested options expire 90 days after the officer’s termination, with final expiration dates between August 21, 2033 and April 10, 2036.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Qu Xiaoxuan
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) F1 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F2 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F3 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F4 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 11,363 contracts (Direct)
Footnotes (4)
- F1. The option vests in four equal annual installments beginning on April 10, 2027, subject to the reporting person's continued service through each applicable vesting date. Additionally, all vested options shall expire 90 days following the reporting person's termination.
- F2. The option vests in four equal annual installments beginning on January 9, 2026, subject to the reporting person's continued service through each applicable vesting date. Additionally, all vested options shall expire 90 days following the reporting person's termination.
- F3. The option vests in four equal annual installments beginning on January 18, 2025, subject to the reporting person's continued service through each applicable vesting date. Additionally, all vested options shall expire 90 days following the reporting person's termination.
- F4. The option vests in four equal annual installments beginning on August 21, 2024, subject to the reporting person's continued service through each applicable vesting date. Additionally, all vested options shall expire 90 days following the reporting person's termination.
Key Figures
Option exercise price: $2.13 per share
Underlying shares at $2.13: 4,300 shares
Option exercise price: $2.64 per share
+5 more
8 metrics
Option exercise price
$2.13 per share
Stock option on 4,300 shares of common stock expiring April 10, 2036
Underlying shares at $2.13
4,300 shares
Common stock subject to a stock option held directly by the officer
Option exercise price
$2.64 per share
Stock option on 4,188 shares of common stock expiring January 9, 2035
Underlying shares at $2.64
4,188 shares
Common stock subject to a stock option held directly by the officer
Option exercise price
$7.28 per share
Stock option on 1,875 shares of common stock expiring January 18, 2034
Underlying shares at $7.28
1,875 shares
Common stock subject to a stock option held directly by the officer
Option exercise price
$9.44 per share
Stock option on 1,000 shares of common stock expiring August 21, 2033
Underlying shares at $9.44
1,000 shares
Common stock subject to a stock option held directly by the officer
Key Terms
stock option, vesting, exercise price, expiration date
4 terms
stock option financial
"The filing lists existing stock option awards covering common stock."
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.
vesting financial
"Each option vests in four equal annual installments, subject to continued service."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price financial
"Each reported option has a stated exercise price per share of common stock."
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.
expiration date financial
"The options have expiration dates between August 21, 2033 and April 10, 2036."
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filing for BMRA disclose about Qu Xiaoxuan?
The Form 3 for BMRA reports that Qu Xiaoxuan, the Principal Financial Officer and Principal Accounting Officer, holds several existing stock options on common stock, each with specified exercise prices, share amounts, vesting schedules over four years, and expiration dates through April 10, 2036.
What are the main terms of the $2.64 stock option reported for BMRA?
The filing shows a stock option for 4,188 shares of BIOMERICA INC common stock with an exercise price of $2.64 per share, vesting in four equal annual installments beginning January 9, 2026, subject to continued service, and expiring on January 9, 2035, with vested options ending 90 days after termination.
What higher-price stock options does the BMRA officer hold?
Qu Xiaoxuan holds options on 1,875 shares at $7.28 per share expiring January 18, 2034, and 1,000 shares at $9.44 per share expiring August 21, 2033. Each vests in four equal annual installments from January 18, 2025 and August 21, 2024, respectively, subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
