Ceragon CEO discloses options and share holdings
Ceragon Networks Ltd. chief executive officer Doron Ovadia Arazi filed an initial ownership report detailing his equity position in the company.
Rhea-AI Filing Summary
Ceragon Networks Ltd. chief executive officer Doron Ovadia Arazi filed an initial ownership report detailing his equity position in the company. The filing shows multiple stock option grants over ordinary shares, including blocks tied to 150,000, 175,000, 125,000 and 133,333 underlying shares with exercise prices between $1.99 and $3.701, expiring from 2027 through 2031. He also reports direct holdings of ordinary shares, including entries showing 87,500 and 66,667 shares, and restricted stock units that vest in equal annual installments over four years, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Arazi Doron Ovadia
Role
Chief Executive 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 | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 716,666 contracts (Direct);
Ordinary Shares — 308,334 shares (Direct)
Footnotes (9)
- F1. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Ceragon Networks Ltd. (the "Company"). The RSUs vest in four equal annual installments (25% per year) commencing on 10/03/2023 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
- F2. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Ceragon Networks Ltd. (the "Company"). The RSUs vest in four equal annual installments (25% per year) commencing on 09/07/2024 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
- F3. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Ceragon Networks Ltd. (the "Company"). The RSUs vest in four equal annual installments (25% per year) commencing on 05/23/2025 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
- F4. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Ceragon Networks Ltd. (the "Company"). The RSUs vest in four equal annual installments (25% per year) commencing on 05/22/2026 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
- F5. The Stock Options are Fully vested and immediately exercisable
- F6. The Options vest in four equal annual installments (25% per year) commencing on 10/03/2023 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
- F7. The Options vest in four equal annual installments (25% per year) commencing on 09/07/2024 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
- F8. The Options vest in four equal annual installments (25% per year) commencing on 05/23/2025 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
- F9. The Options vest 25% on the first year (05/22/2026 ) and the remaining 75% vest in twelve equal quarterly installments over a three-year period, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Ceragon Networks (CRNT) Form 3 filing by CEO Doron Ovadia Arazi show?
The Form 3 shows CEO Doron Ovadia Arazi’s initial ownership in Ceragon Networks, including several stock option grants over ordinary shares, direct ordinary share holdings, and restricted stock units that vest over time, all reported as of the stated transaction date.
How many stock option grants are reported for the Ceragon Networks (CRNT) CEO on Form 3?
The CEO reports five separate stock option positions, each tied to ordinary shares with different exercise prices and expiration dates. These options become exercisable on schedules described in the footnotes, including fully vested options and others vesting in equal annual installments.
What are the exercise prices on the Ceragon Networks (CRNT) CEO’s stock options?
The reported stock options have exercise prices of $3.7010, $2.1080, $1.9900, $3.0800, and $2.4500 per ordinary share. Each grant is linked to a specific expiration date between 2027 and 2031, as disclosed in the filing.
How do the restricted stock units (RSUs) for Ceragon Networks (CRNT) CEO vest?
The RSUs each represent a contingent right to receive one ordinary share and vest in four equal annual installments of 25% per year. Vesting begins on specified dates in 2023, 2024, 2025, and 2026, subject to continued service.
What are the vesting terms for the Ceragon Networks (CRNT) CEO’s stock options?
One option grant is fully vested and immediately exercisable, while others vest in four equal annual installments of 25% per year beginning in 2023, 2024, and 2025. Another grant vests 25% after one year, then quarterly over three additional years.
Does the Ceragon Networks (CRNT) Form 3 indicate recent buying or selling by the CEO?
The Form 3 functions as an initial ownership statement and lists holdings rather than explicit purchases or sales. Transaction codes and summary data show holding entries with no categorized buys, sells, exercises, gifts, or tax-withholding events in this disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
