CFO option grant details at Currenc Group (NASDAQ: CURR)
Filing Impact
Filing Sentiment
Form Type
3/A
Rhea-AI Filing Summary
Currenc Group Inc. director and Chief Financial Officer Eng Wan Lung reports holdings of stock options granted under the company’s 2024 Equity Incentive Plan. These options cover 1,000,000 underlying Ordinary Shares at an exercise price of $1.94 per share.
According to the disclosure, the options were granted as incentive stock options and vest in four equal annual installments on October 16, 2025, 2026, 2027, and 2028. As of October 16, 2025, 250,000 shares had vested but remain unexercised, meaning the CFO retains the right, but has not yet chosen, to purchase those vested shares at the fixed exercise price.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Eng Wan Lung
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | 2024 Equity Incentive Plan Options (right to buy) | -- | -- | -- |
Holdings After Transaction:
2024 Equity Incentive Plan Options (right to buy) — 1,000,000 shares (Direct, null)
Footnotes (1)
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Key Figures
Option grant size: 1,000,000 shares
Exercise price: $1.94 per share
Vested shares: 250,000 shares
+1 more
4 metrics
Option grant size
1,000,000 shares
Underlying Ordinary Shares under 2024 Equity Incentive Plan
Exercise price
$1.94 per share
Exercise price for incentive stock options
Vested shares
250,000 shares
Vested as of October 16, 2025, unexercised
Remaining vesting period
3 annual installments
Scheduled on October 16, 2026, 2027, and 2028
Key Terms
2024 Equity Incentive Plan, incentive stock options, vesting, Ordinary Shares
4 terms
2024 Equity Incentive Plan financial
"granted under the Currenc Group Inc. 2024 Equity Incentive Plan on July 16, 2025"
incentive stock options financial
"Represents 1,000,000 Ordinary Share incentive stock options granted"
Incentive stock options are a type of employee stock option that gives eligible workers the right to buy company shares at a fixed price later on, often below future market value. They matter to investors because they align employee incentives with company performance, can dilute existing ownership when exercised, and create potential tax advantages for option holders if certain holding-time rules are met — think of them as a coupon to buy stock at today’s price with extra tax rules attached.
vesting financial
"which vest in four equal annual installments on October 16, 2025, 2026, 2027, and 2028"
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 Currenc Group (CURR) disclose about the CFO’s stock options?
Currenc Group reports its CFO, Eng Wan Lung, holds incentive stock options over 1,000,000 Ordinary Shares at a $1.94 exercise price, granted under the 2024 Equity Incentive Plan, with vesting spread over four annual installments through 2028.
What is the exercise price of the CFO’s Currenc Group (CURR) options?
The reported exercise price for the CFO’s stock options is $1.94 per share. This fixed price allows the CFO to buy Currenc Group Ordinary Shares at that level for vested options if he chooses to exercise them in the future.
How many of the CFO’s Currenc Group (CURR) options have vested so far?
As of October 16, 2025, 250,000 shares under the CFO’s option grant had vested but remained unexercised. The remaining 750,000 shares are scheduled to vest in equal annual installments on October 16, 2026, 2027, and 2028.
What is the vesting schedule for Currenc Group (CURR) CFO stock options?
The CFO’s 1,000,000-share option grant vests in four equal annual installments on October 16 of 2025, 2026, 2027, and 2028. This structure ties the incentive to multi-year service and performance at Currenc Group.