Bob's Discount Furniture (BOBS) officer reports 160,714 stock options
Rhea-AI Filing Summary
Bob's Discount Furniture, Inc. officer Ryan Gregory Schaffer filed an initial Form 3 reporting beneficial ownership of stock options to buy 160,714 shares of common stock. These options have a $2.04 exercise price, expire on May 17, 2031, and vest in five equal annual installments that began on May 17, 2022. Schaffer holds the options directly as Chief Legal & Development Officer and Corporate Secretary, and the filing is noted as being refiled due to an inadvertent administrative error.
Positive
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schaffer Ryan Gregory
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 160,714 shares (Direct)
Footnotes (1)
- F1. The option vests in 5 equal annual installments that began on May 17, 2022.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider position does Ryan Gregory Schaffer hold at Bob's Discount Furniture (BOBS)?
Ryan Gregory Schaffer is reported as the Chief Legal & Development Officer and Corporate Secretary. This senior executive role makes him a reporting person, requiring disclosure of his equity-based holdings in Bob's Discount Furniture, Inc. through Form 3 under Section 16 rules.
What stock options did Ryan Gregory Schaffer report on his Bob's Discount Furniture (BOBS) Form 3?
Schaffer reported stock options giving him the right to buy 160,714 shares of Bob's Discount Furniture common stock. These options represent derivative securities and are held directly, reflecting his equity-based compensation as an officer of the company under its incentive arrangements.
What is the exercise price and expiration date of Schaffer’s Bob's Discount Furniture (BOBS) options?
The reported stock options have an exercise price of $2.04 per share and expire on May 17, 2031. These terms define the cost and final date by which Schaffer can choose to convert the options into Bob's Discount Furniture common stock.
How do Ryan Schaffer’s Bob's Discount Furniture (BOBS) options vest?
The option award vests in five equal annual installments beginning May 17, 2022. This structure means portions of the 160,714-share option grant become exercisable each year, aligning Schaffer’s potential equity ownership with longer-term service and performance at Bob's Discount Furniture.
Why was this Bob's Discount Furniture (BOBS) Form 3 indicated as refiled?
The remarks state that the Form 3 is being refiled due to an inadvertent administrative error. This indicates a prior filing required correction or replacement, and the current version is intended to accurately reflect Schaffer’s reported option holdings.
Is Schaffer’s ownership in Bob's Discount Furniture (BOBS) direct or indirect in this Form 3?
The filing classifies the 160,714 stock options as held with direct ownership. Direct ownership means the options are attributed to Schaffer himself rather than through an intermediary entity such as a trust, partnership, or family holding company.