Bitdeer Technologies (BTDR) COO details sizable stock option awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Bitdeer Technologies Group director and COO Chao Suo filed an initial Form 3 reporting holdings of four share option awards over Class A Ordinary Shares. The options have exercise prices of $3.50 and $6.96, with expiration dates ranging from 2031 to 2034.
Footnotes state that for one option, a portion of the shares is already vested and the remainder is scheduled to vest on January 1, 2027, another option is fully vested, and a further grant vests 20% on April 1, 2025 and 20% annually on April 1 in each of the four subsequent years, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Chao Suo
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Share Option (right to buy) — 300,300 shares (Direct)
Footnotes (1)
- 252,252 of the total shares subject to the option have become vested and exercisable as of the date hereof, and 48,048 of the shares subject to the option shall become vested on January 1, 2027, subject to the Reporting Person's continued service with the Issuer on such vesting date. All shares subject to the option have become vested and exercisable. 20% of the total shares subject to the option have become vested and exercisable on April 1, 2025, and remaining shares subject to the option shall become vested annually in equal installments of 20% on April 1st of each of the four subsequent years, subject to the Reporting Person's continued service with the Issuer on each such vesting date.
Key Figures
Option 1 exercise price: $3.50/share
Option 1 underlying shares: 300,300 shares
Option 2 underlying shares: 25,740 shares
+5 more
8 metrics
Option 1 exercise price
$3.50/share
Share Option (right to buy) over Class A Ordinary Shares
Option 1 underlying shares
300,300 shares
Total shares subject to option expiring August 1, 2031
Option 2 underlying shares
25,740 shares
Shares subject to option expiring January 1, 2032 at $3.50
Option 3 underlying shares
20,592 shares
Shares subject to option expiring January 1, 2033 at $3.50
Option 4 exercise price
$6.96/share
Share Option (right to buy) expiring April 1, 2034
Option 4 underlying shares
150,000 shares
Class A Ordinary Shares underlying April 1, 2034 option
Vested portion of one option
252,252 shares
Footnote states these have become vested and exercisable
Future vesting tranche
48,048 shares
Scheduled to vest on January 1, 2027, subject to service
Key Terms
Form 3, Share Option (right to buy, Class A Ordinary Shares, vested and exercisable, +1 more
5 terms
Form 3 regulatory
"filed an initial Form 3 reporting holdings of four share option awards"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
vested and exercisable financial
"have become vested and exercisable as of the date hereof"
FAQ
What does the Bitdeer (BTDR) Form 3 filing by COO Chao Suo show?
The Form 3 shows COO and director Chao Suo holding four share option awards over Class A Ordinary Shares. It details exercise prices, expiration dates, and vesting schedules, providing a baseline of his derivative equity position with Bitdeer Technologies Group.
What stock option strike prices are disclosed for Bitdeer (BTDR) COO Chao Suo?
The filing reports share options with exercise prices of $3.50 and $6.96 per Class A Ordinary Share. These prices represent the cost at which Chao Suo can buy shares if he exercises the respective option awards in the future.
What are the expiration dates of the options held by Bitdeer (BTDR) COO Chao Suo?
The disclosed share options expire on August 1, 2031, January 1, 2032, January 1, 2033, and April 1, 2034. After these dates, the respective options can no longer be exercised to purchase Class A Ordinary Shares.
How are Chao Suo’s Bitdeer (BTDR) options vesting over time?
Footnotes indicate one option is fully vested. Another has 252,252 shares vested with 48,048 scheduled to vest on January 1, 2027. A further grant vests 20% on April 1, 2025 and 20% annually on April 1 for four additional years.