Evogene (EVGN) chief development officer reports 40,000-share stock option grant
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Evogene Ltd. Chief Development Officer Gabi Tarcic filed an initial ownership report showing a stock option position. The option gives the right to buy 40,000 ordinary shares at an exercise price of $2.305 per share and expires on November 20, 2034.
According to the vesting terms, 25% of the options vest on the first anniversary of the November 20, 2024 grant date. The remaining options vest in equal quarterly installments of 6.25% over the next twelve quarters, so all options are fully vested four years after the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tarcic Gabi
Role
Chief Development Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy ordinary shares) | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy ordinary shares) — 40,000 shares (Direct)
Footnotes (1)
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FAQ
What does Evogene (EVGN) Chief Development Officer report on this Form 3?
The filing shows Chief Development Officer Gabi Tarcic’s initial ownership of a stock option. The option covers 40,000 Evogene ordinary shares at a $2.305 exercise price, expiring November 20, 2034, with a four-year vesting schedule starting November 20, 2024.
What is the exercise price of the Evogene (EVGN) stock option reported?
The stock option held by Chief Development Officer Gabi Tarcic has an exercise price of $2.305 per ordinary share. This means shares can be purchased at $2.305 once portions of the option become vested and remain exercisable until the November 20, 2034 expiration date.
How do the Evogene (EVGN) options reported by Gabi Tarcic vest over time?
The options vest over four years. Twenty-five percent vest on the first anniversary of the November 20, 2024 grant date. The remaining 75% vest in equal 6.25% quarterly installments across the next twelve quarters, so all options are fully vested four years after the grant.
When do the stock options reported by Evogene (EVGN) executive Gabi Tarcic expire?
The stock option position expires on November 20, 2034. After that date, any unexercised portion can no longer be used to purchase Evogene ordinary shares, making the vesting and exercise period effectively ten years from the original November 20, 2024 grant date.
Is the Evogene (EVGN) Form 3 a record of a stock purchase or sale?
No, this Form 3 is an initial ownership report showing a stock option holding, not a share purchase or sale. It discloses a right to buy 40,000 ordinary shares at $2.305, subject to a four-year vesting schedule and a November 20, 2034 expiration date.