Coda Octopus director reports no owned shares
New CODA director Stephen Nathaniel Hemedes reports no current beneficial ownership, with 3,956 restricted shares scheduled to vest in 2027.
Rhea-AI Filing Summary
Coda Octopus Group, Inc. (CODA) received an initial ownership report from director Stephen Nathaniel Hemedes, who states that he does not currently beneficially own any of the company’s securities. A footnote explains this excludes 3,956 shares that are scheduled to vest on September 8, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hemedes Stephen Nathaniel
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (1)
- F1. Reporting person does not currently beneficially own any of Issuer's securities. Does not include 3,956 shares that will vest on September 8, 2027.
Key Figures
Currently beneficially owned shares: 0 shares
Shares scheduled to vest: 3,956 shares
Vesting date: September 8, 2027
3 metrics
Currently beneficially owned shares
0 shares
Reported by director Stephen Nathaniel Hemedes in the initial ownership statement
Shares scheduled to vest
3,956 shares
Unvested award noted as vesting on September 8, 2027 and excluded from current ownership
Vesting date
September 8, 2027
Date when the 3,956 unvested shares referenced in the footnote will vest
Key Terms
beneficially own, vest
2 terms
beneficially own financial
"Reporting person does not currently beneficially own any of Issuer's securities"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
vest financial
"Does not include 3,956 shares that will vest on September 8, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filing disclose about CODA director Stephen Nathaniel Hemedes?
The filing states that Stephen Nathaniel Hemedes, a director of Coda Octopus Group, Inc. (CODA), currently does not beneficially own any of the company’s securities, excluding 3,956 shares that are scheduled to vest on September 8, 2027.
What future equity does Stephen Nathaniel Hemedes have in CODA?
Hemedes has an award of 3,956 shares that are scheduled to vest on September 8, 2027. Until vesting, these shares are not counted as currently beneficially owned in the Form 3 disclosure.
Is there any buy or sell transaction reported in this CODA Form 3?
No. The Form 3 serves as an initial ownership statement. It reports no current beneficial ownership and references 3,956 unvested shares vesting on September 8, 2027, without listing any purchase, sale, or other transaction.
What role does Stephen Nathaniel Hemedes have at CODA in this filing?
He is identified as a director of Coda Octopus Group, Inc. The Form 3 records his initial statement of beneficial ownership in that capacity, showing no currently owned shares and a future vesting of 3,956 shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
