Coincheck Group (NASDAQ: CNCK) executive details RSU and performance awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Coincheck Group N.V. executive Hasuo Satoshi, Chief Stakeholder Officer, reports initial holdings of two types of equity awards. He holds restricted share units tied to 8,758 ordinary shares and performance-based restricted share units tied to another 8,758 ordinary shares.
The time-based restricted share units vest in three substantially equal annual installments beginning on March 31, 2026. The performance-based awards may vest based on the company’s average closing share price over a three-year performance period ending on March 31, 2028, with any earned units vesting in full on that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hasuo Satoshi
Role
Chief Stakeholder Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance-Based Restricted Share Units | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 8,758 shares (Direct);
Performance-Based Restricted Share Units — 8,758 shares (Direct)
Footnotes (1)
- Each restricted share unit represents a contingent right to receive one ordinary share of the Issuer, an equivalent amount of cash, or a combination thereof. Such restricted share units will vest in three substantially equal annual installments beginning on March 31, 2026. Each performance-based restricted share unit represents a contingent right to receive one ordinary share of the Issuer, an equivalent amount of cash, or a combination thereof. The performance-based restricted share units are scheduled to vest based on the Issuer's ordinary shares having achieved a certain average closing price per share target by the end of the three-year performance period ending on March 31, 2028. Any earned performance-based restricted share units vest in full on March 31, 2028.
Key Figures
Time-based RSU underlying shares: 8,758 shares
Performance-based RSU underlying shares: 8,758 shares
RSU exercise price: $0.0000
+3 more
6 metrics
Time-based RSU underlying shares
8,758 shares
Restricted share units linked to ordinary shares
Performance-based RSU underlying shares
8,758 shares
Performance-based restricted share units linked to ordinary shares
RSU exercise price
$0.0000
Exercise or conversion price for both RSU types
Time-based RSU vesting start
March 31, 2026
First of three substantially equal annual vesting dates
Performance period end
March 31, 2028
End of three-year performance period for performance-based RSUs
Performance-based RSU vesting date
March 31, 2028
Any earned performance-based RSUs vest in full on this date
Key Terms
Restricted Share Units, Performance-Based Restricted Share Units, contingent right, three-year performance period, +1 more
5 terms
contingent right financial
"represents a contingent right to receive one ordinary share of the Issuer, an equivalent amount of cash"
three-year performance period financial
"by the end of the three-year performance period ending on March 31, 2028"
vesting financial
"restricted share units will vest in three substantially equal annual 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.
FAQ
What does Coincheck Group (CNCK) disclose in this Form 3 filing?
The filing shows Chief Stakeholder Officer Hasuo Satoshi holding time-based and performance-based restricted share units, each tied to 8,758 ordinary shares. These awards represent contingent rights to receive shares or cash, subject to future vesting conditions.
How are Coincheck (CNCK) performance-based RSUs earned and vested?
The performance-based restricted share units depend on Coincheck’s ordinary shares reaching an average closing price target by March 31, 2028. Any units earned over this three-year performance period vest in full on that same date, tying compensation to share performance.