Coda Octopus Group (CODA) CFO reports zero shares, $40K unvested award
Rhea-AI Filing Summary
Coda Octopus Group, Inc. reports that its Chief Financial Officer, Kelly Mark, currently does not beneficially own any of its securities.
A footnote explains that equity awards valued at $40,000 are scheduled to vest in two equal annual installments commencing October 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kelly Mark (NMN)
Role
Chief Financial Officer
| 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 a number of shares valued at $40,000 that will vest in two equal annual installments commencing October 2027.
Key Figures
Beneficial ownership: 0.0000 shares
Unvested equity value: $40,000
Vesting installments: 2
3 metrics
Beneficial ownership
0.0000 shares
Total shares beneficially owned by Kelly Mark following the reported holdings entry
Unvested equity value
$40,000
Equity awards that will vest in two equal annual installments commencing October 2027
Vesting installments
2
Number of equal annual installments for vesting beginning October 2027
Key Terms
beneficially own, vest, installments
3 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
"shares valued at $40,000 that will vest in two equal annual installments"
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.
installments financial
"will vest in two equal annual installments commencing October 2027"
Installments are a series of scheduled partial payments that together cover a larger amount owed or due, like paying for a purchase or loan in weekly or monthly pieces rather than all at once. For investors, installments matter because they change when cash moves between parties, affect a company’s or counterparty’s short-term cash flow and risk of missed payments, and can influence valuation or perceived financial stability much like spreading the cost of a car over monthly payments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Kelly Mark’s Form 3 for CODA disclose?
The Form 3 shows that Kelly Mark, CFO of Coda Octopus Group (CODA), currently does not beneficially own any of the company’s securities, while holding unvested equity awards valued at $40,000 that will vest in future years.
Does CODA’s CFO currently own any Coda Octopus Group stock?
No. The Form 3 states that the reporting person does not currently beneficially own any of the issuer’s securities. Only unvested equity awards valued at $40,000, scheduled to vest starting October 2027, are referenced.
What unvested equity awards does CODA’s CFO have?
A footnote states there are equity awards valued at $40,000 that are not yet included as owned. These awards will vest in two equal annual installments commencing in October 2027, indicating future potential share ownership.
When will Kelly Mark’s unvested CODA equity vest?
The unvested equity awards valued at $40,000 are scheduled to vest in two equal annual installments commencing October 2027. Until vesting occurs, these shares are not counted as currently beneficially owned.
Does this CODA Form 3 report any insider stock transactions?
No specific buy or sell transactions are reported. The Form 3 functions as an initial statement of beneficial ownership, noting zero currently owned shares and describing only unvested equity awards valued at $40,000.