Factorial Energy officer reports stock option holdings
Factorial Energy Inc. Principal Accounting Officer Jeffrey T. Scuteri Jr. filed an initial Form 3 reporting his stock option holdings in the company’s Series A Common Stock.
Rhea-AI Filing Summary
Factorial Energy Inc. Principal Accounting Officer Jeffrey T. Scuteri Jr. filed an initial Form 3 reporting his stock option holdings in the company’s Series A Common Stock. The filing lists multiple option grants with exercise prices of $0.88 and $2.64 per share and expirations between 2033 and 2035.
These options cover blocks of 18,342 to 73,368 underlying shares, with one grant already fully vested and others vesting 25% on specified dates followed by thirty-six equal monthly installments, contingent on continued service. The filing records existing derivative holdings and does not show any purchases or sales of shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Scuteri Jeffrey T. Jr.
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 221,941 contracts (Direct)
Footnotes (6)
- F1. 25% of the shares underlying this option vested on July 31, 2024, with the remainder vesting in thirty-six equal monthly installments thereafter, subject to the Reporting Person's continued service on each such vesting date.
- F2. 25% of the shares underlying this option vested on March 25, 2025, with the remainder vesting in thirty-six equal monthly installments thereafter, subject to the Reporting Person's continued service on each such vesting date.
- F3. 25% of the shares underlying this option vested on May 8, 2025, with the remainder vesting in thirty-six equal monthly installments thereafter, subject to the Reporting Person's continued service on each such vesting date.
- F4. 25% of the shares underlying this option vested on February 1, 2026, with the remainder vesting in thirty-six equal monthly installments thereafter, subject to the Reporting Person's continued service on each such vesting date.
- F5. The shares underlying this option are fully vested and exercisable.
- F6. 25% of the shares underlying this option shall vest on September 22, 2026, with the remainder vesting in thirty-six equal monthly installments thereafter, subject to the Reporting Person's continued service on each such vesting date.
Key Figures
Option block 1: 54,710 underlying shares at $2.64
Option block 2: 20,495 underlying shares at $0.88
Option block 3: 36,684 underlying shares at $0.88
+3 more
6 metrics
Option block 1
54,710 underlying shares at $2.64
Stock Option, expires 2035-10-07
Option block 2
20,495 underlying shares at $0.88
Stock Option, expires 2035-03-12
Option block 3
36,684 underlying shares at $0.88
Stock Option, expires 2035-02-07
Option block 4
18,342 underlying shares at $0.88
Stock Option, expires 2034-06-05
Option block 5
73,368 underlying shares at $0.88
Stock Option, expires 2034-05-09
Option block 6
18,342 underlying shares at $0.88
Stock Option, expires 2033-09-07
Key Terms
Stock Option (Right to Buy), Series A Common Stock, Principal Accounting Officer, vesting, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
Series A Common Stock financial
"underlying_security_title: Series A Common Stock"
Series A common stock is a specific class of a company’s ordinary shares issued during an early formal funding round, carrying the ownership rights and voting power tied to that class. For investors it signals an early-stage equity claim with potential upside if the business grows, but also greater risk and typically less liquidity than shares in mature, publicly traded firms—imagine buying a seat on a startup’s team before the company has proven itself.
Principal Accounting Officer financial
"officer_title: Principal Accounting Officer"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
vesting financial
"shares underlying this option vested on July 31, 2024, with the remainder vesting in thirty-six equal monthly installments"
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.
fully vested and exercisable financial
"The shares underlying this option are fully vested and exercisable."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Factorial Energy (FAC) disclose in Jeffrey Scuteri’s Form 3?
Factorial Energy discloses that Principal Accounting Officer Jeffrey T. Scuteri Jr. holds several stock options on Series A Common Stock. The Form 3 lists exercise prices, expiration dates, and vesting schedules, establishing his initial reported derivative position with the company.
What are the exercise prices of Jeffrey Scuteri’s Factorial Energy (FAC) options?
Jeffrey T. Scuteri Jr.’s reported stock options have exercise prices of $2.64 and $0.88 per share. These prices define what he must pay to acquire Series A Common Stock if he exercises the options before they expire between 2033 and 2035.
How do the Factorial Energy (FAC) options for Jeffrey Scuteri vest?
Several grants vest with 25% of shares on specific initial vesting dates, then the remaining 75% in thirty-six equal monthly installments. Vesting continues only if Scuteri remains in service, aligning his compensation with ongoing employment at Factorial Energy.
Are any of Jeffrey Scuteri’s Factorial Energy (FAC) options fully vested?
Yes. One footnote states that the shares underlying a particular stock option are fully vested and exercisable. This means Scuteri can choose to exercise that option at its stated exercise price any time before its expiration date, subject to plan terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
