Vertical Aerospace (NYSE: EVTL) director awarded 29,273 nil-cost stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vertical Aerospace Ltd. director Domhnal Slattery received a grant of Nil Cost Options over 29,273 shares of common stock. These options have an exercise price of $0.00 and expire on January 21, 2036. Following the award, his directly held derivative position is 1,844,123 options.
The options begin vesting on June 30, 2026, with additional portions vesting quarterly under the applicable vesting schedule, subject to his continued service through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
1 transaction reported
Mixed
1 txn
Insider
Slattery Domhnal
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Nil Cost Options | 29,273 | $0.00 | -- |
Holdings After Transaction:
Nil Cost Options — 1,844,123 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 29,273 options
Exercise price: $0.00 per share
Total options after grant: 1,844,123 options
+2 more
5 metrics
Options granted
29,273 options
Nil Cost Options over common stock
Exercise price
$0.00 per share
Nil Cost Options grant
Total options after grant
1,844,123 options
Directly held derivative position following transaction
Vesting start date
June 30, 2026
Initial vesting for granted options
Expiration date
January 21, 2036
Nil Cost Options term
Key Terms
Nil Cost Options, vesting schedule, exercise price, Form 4
4 terms
Nil Cost Options financial
"security_title: "Nil Cost Options" and underlying security is common stock"
vesting schedule financial
"additional shares vesting quarterly thereafter in accordance with the applicable vesting schedule"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
exercise price financial
"transaction_price_per_share: "0.0000" and conversion_or_exercise_price: "0.0000""
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did EVTL director Domhnal Slattery report on this Form 4?
Domhnal Slattery reported receiving a grant of Nil Cost Options over 29,273 shares of Vertical Aerospace common stock. The options were awarded at an exercise price of $0.00 per share as a compensation-related grant, rather than an open-market purchase or sale of existing shares.
When do Domhnal Slattery’s newly granted EVTL Nil Cost Options vest?
The options begin vesting on June 30, 2026. Additional shares vest quarterly thereafter in line with the applicable vesting schedule, and each vesting installment is conditioned on Domhnal Slattery’s continued service through the relevant vesting dates.
What is the exercise price and expiration date of the EVTL Nil Cost Options granted?
The Nil Cost Options were granted with an exercise price of $0.00 per share. According to the filing data, the options have an expiration date of January 21, 2036, giving a long-dated window for potential exercise once vesting conditions are satisfied.
How significant is this EVTL options grant relative to Domhnal Slattery’s total holdings?
The grant adds 29,273 Nil Cost Options, bringing his directly held derivative position to 1,844,123 options after the transaction. This indicates the award is incremental relative to an already sizable options position disclosed in the Form 4 data.