Motta discloses Bending Spoons (BSP) shares and vested warrants in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Bending Spoons S.p.A. director Joshua James Motta reported his initial ownership on a Form 3. He indirectly holds 22,380 Ordinary Shares through a trust and directly holds Warrants for 17,745 Ordinary Shares. The warrants are fully vested, exercisable at an exercise price of $6.1981 per share, and expire on September 29, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Motta Joshua James
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Warrants — 17,745 shares (Direct);
Ordinary Shares — 22,380 shares (Indirect, By Trust)
Footnotes (1)
- The warrants are fully vested and exercisable. The exercise price is denominated in euros. The price reported herein is based on an exchange ratio of 1.1607 U.S. dollars per 1.00 euro.
Key Figures
Indirect Ordinary Shares: 22,380 shares
Warrants held: 17,745 warrants
Underlying shares: 17,745 Ordinary Shares
+3 more
6 metrics
Indirect Ordinary Shares
22,380 shares
Indirectly held by trust following Form 3 reporting
Warrants held
17,745 warrants
Directly held, underlying Ordinary Shares
Underlying shares
17,745 Ordinary Shares
Shares underlying the reported Warrants
Warrant exercise price
$6.1981 per share
Based on 1.1607 USD per 1.00 euro exchange ratio
Exchange ratio
1.1607 USD per 1.00 euro
Used to translate original euro-denominated exercise price
Warrant expiration
September 29, 2026
Expiration date of Warrants for 17,745 Ordinary Shares
Key Terms
Ordinary Shares, Warrants, exercise price, fully vested and exercisable, +1 more
5 terms
Warrants financial
"security_title: "Warrants""
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
exercise price financial
"The exercise price is denominated in euros."
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.
fully vested and exercisable financial
"The warrants are fully vested and exercisable."
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership: "By Trust""
FAQ
What does Joshua James Motta report in his Form 3 for BSP?
He reports initial holdings in Bending Spoons S.p.A., including indirectly held Ordinary Shares and directly held Warrants. This Form 3 discloses his ownership position as a company director at the time of becoming an insider.
What warrant position does Motta disclose in Bending Spoons (BSP)?
He directly holds Warrants covering 17,745 Ordinary Shares. These Warrants are fully vested and exercisable, giving him the right to acquire the underlying Ordinary Shares at a fixed exercise price before expiration.
What is the exercise price of Motta’s Bending Spoons warrants?
The Warrants have an exercise price of $6.1981 per Ordinary Share. The price is based on an exchange ratio of 1.1607 U.S. dollars per 1.00 euro, as disclosed, since the original exercise price is denominated in euros.
When do Motta’s Bending Spoons (BSP) warrants expire?
The Warrants disclosed in the Form 3 expire on September 29, 2026. After that date, they can no longer be exercised to acquire Ordinary Shares, so the right to purchase those 17,745 shares will lapse.
Are Motta’s Bending Spoons warrants currently exercisable?
Yes. A footnote states that the Warrants are fully vested and exercisable. This means he may choose to exercise them for the 17,745 underlying Ordinary Shares at the stated exercise price at any time before expiration.