DSC Holdings SVP reports sizable option holdings
DSC Holdings Ltd. director and Senior Vice President Kong Bofei filed an initial Form 3 detailing holdings of stock options tied to Class A ordinary shares under the company’s 2023 equity plan.
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Form Type
3
Rhea-AI Filing Summary
DSC Holdings Ltd. director and Senior Vice President Kong Bofei filed an initial Form 3 detailing holdings of stock options tied to Class A ordinary shares under the company’s 2023 equity plan. The options cover multiple grants with exercise prices ranging from $0.0001 to $0.4796 per share and expire on October 1, 2032.
These holdings include, among others, options over 1,000,000 underlying shares at an exercise price of $0.0001 and 1,265,760 underlying shares at $0.0083 per share. Footnotes state that some options become exercisable upon completion of the company’s initial public offering, while others vest over four years with 25% vesting each year.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Kong Bofei
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
Holdings After Transaction:
Options — 5,348,648 contracts (Direct)
Footnotes (4)
- F1. These options were granted to the reporting person pursuant to the Issuer's 2023 Plan on July 25, 2023. All such options will become exercisable upon the completion of the Issuer's initial public offering.
- F2. These options were granted to the reporting person pursuant to the Issuer's 2023 Plan on July 25, 2023 and subject to 4-year service based vesting schedule, with 25% vesting each year.
- F3. These options were granted to the reporting person pursuant to the Issuer's 2023 Plan on March 29, 2024 and subject to 4-year service based vesting schedule, with 25% vesting each year.
- F4. These options were granted to the reporting person pursuant to the Issuer's 2023 Plan on May 26, 2026 and will become exercisable upon the completion of the Issuer's initial public offering.
Key Figures
Options at $0.0001: 1,000,000 underlying shares
Options at $0.0083: 1,265,760 underlying shares
Options at $0.2109: 386,848 underlying shares
+3 more
6 metrics
Options at $0.0001
1,000,000 underlying shares
Exercise price $0.0001; expiration October 1, 2032; direct holding
Options at $0.0083
1,265,760 underlying shares
Exercise price $0.0083; expiration October 1, 2032; direct holding
Options at $0.2109
386,848 underlying shares
Exercise price $0.2109; expiration October 1, 2032; direct holding
Options at $0.4796 (largest block)
1,108,000 underlying shares
Exercise price $0.4796; expiration October 1, 2032; direct holding
Four-year vesting grants
Service-based 25% per year
Certain 2023 and 2024 grants vest 25% annually over four years
IPO-triggered exercisability
Two grants tied to IPO completion
Some options become exercisable upon completion of initial public offering
Key Terms
initial public offering, service based vesting, exercise price, expiration date, +1 more
5 terms
initial public offering financial
"will become exercisable upon the completion of the Issuer's initial public offering"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
service based vesting financial
"subject to 4-year service based vesting schedule, with 25% vesting each year"
exercise price financial
"conversion_or_exercise_price": "0.0001""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date": "2032-10-01T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
2023 Plan financial
"granted to the reporting person pursuant to the Issuer's 2023 Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does DSC (DSC) senior vice president Kong Bofei report in this Form 3?
Kong Bofei reports initial holdings of stock options linked to DSC Holdings’ Class A ordinary shares. These options were granted under the 2023 Plan, with various exercise prices and vesting terms, and all currently appear as derivative holdings rather than exercised shares.
What are the main exercise prices of DSC (DSC) options held by Kong Bofei?
The options have exercise prices of $0.0001, $0.0083, $0.2109, and $0.4796 per share. Each series ties to specific underlying share amounts and shares a common October 1, 2032 expiration date, as disclosed in the derivative holdings summary.
When do DSC (DSC) options held by Kong Bofei become exercisable?
Some options become exercisable upon completion of DSC Holdings’ initial public offering, as stated in the footnotes. Other grants follow a four-year service-based vesting schedule, with 25% of the options vesting each year during the vesting period.
What is the vesting schedule for certain DSC (DSC) option grants to Kong Bofei?
Certain options granted on July 25, 2023 and March 29, 2024 under the 2023 Plan vest over four years. The footnotes specify a service-based vesting schedule where 25% of the options vest each year, subject to continued service requirements.
When do Kong Bofei’s DSC (DSC) options generally expire?
All listed option positions in the derivative summary share an expiration date of October 1, 2032. This common expiration applies across grants with different exercise prices and underlying share amounts, defining the outer limit for exercising these options.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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