Factorial Energy director reports initial holdings
Factorial Energy Inc. director Taylor Joseph Michael filed an initial ownership report showing direct holdings of 23,041 shares of Series A Common Stock.
Accepted by SEC EDGAR
Learn about SEC filing dates
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
3
Rhea-AI Filing Summary
Factorial Energy Inc. director Taylor Joseph Michael filed an initial ownership report showing direct holdings of 23,041 shares of Series A Common Stock. He also holds multiple stock options to buy Series A Common Stock at exercise prices including $2.6400, $0.8800, and $0.0800, with expirations between 2030 and 2035. Some option grants are already fully vested, while others vest over time in monthly installments following initial cliff vesting dates.
Insider Trade Summary
Holdings reported, no transactions
Holdings
Insider
Taylor Joseph Michael
Role
Director
| 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 | Stock Option (Right to Buy) | -- | -- | -- |
| Holding | Stock Option (Right to Buy) | -- | -- | -- |
| Holding | Stock Option (Right to Buy) | -- | -- | -- |
| Holding | Series A Common Stock | -- | -- | -- |
Holdings:
Stock Option (Right to Buy) — 4,038,119 contracts (Direct);
Series A Common Stock — 23,041 shares (Direct)
Footnotes (3)
- F1. The shares underlying this option are fully vested and exercisable.
- F2. 25% of the shares underlying this option vested on August 25, 2023, with the remainder vesting in thirty-six equal monthly installments thereafter, subject to the Reporting Person's continued service on each such vesting date.
- F3. 25% of the shares underlying this option shall vest on September 4, 2026, with the remainder vesting in thirty-six equal monthly installments thereafter, subject to the Reporting Person's continued service on each such vesting date.
Key Figures
Direct common shares: 23,041 shares
Option at $2.6400: 183,420 underlying shares
Option at $0.8800 (largest grant): 1,778,378 underlying shares
+5 more
8 metrics
Direct common shares
23,041 shares
Series A Common Stock held directly after reporting date
Option at $2.6400
183,420 underlying shares
Stock Option (Right to Buy), exercise price $2.6400, expires 2035-10-07
Option at $0.8800 (largest grant)
1,778,378 underlying shares
Stock Option (Right to Buy), exercise price $0.8800, expires 2032-04-09
Option at $0.8800
498,760 underlying shares
Stock Option (Right to Buy), exercise price $0.8800, expires 2031-09-20
Option at $0.8800
506,948 underlying shares
Stock Option (Right to Buy), exercise price $0.8800, expires 2031-06-20
Low-price option
414,776 underlying shares at $0.0800
Stock Option (Right to Buy), expires 2030-02-14
Option vesting start
25% vested on August 25, 2023
Remaining 75% vests in 36 monthly installments, subject to continued service
Future vesting cliff
25% vests on September 4, 2026
Remaining 75% vests in 36 monthly installments, subject to continued service
Key Terms
Series A Common Stock, Stock Option (Right to Buy), exercise price, expiration date, +2 more
6 terms
Series A Common Stock financial
"security_title: "Series A Common Stock" and as underlying security title"
Series A common stock is a specific class of a company’s ordinary shares issued during an early formal funding round, carrying the ownership rights and voting power tied to that class. For investors it signals an early-stage equity claim with potential upside if the business grows, but also greater risk and typically less liquidity than shares in mature, publicly traded firms—imagine buying a seat on a startup’s team before the company has proven itself.
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)" for multiple derivative holdings"
exercise price financial
"conversion_or_exercise_price fields such as "2.6400", "0.8800", "0.0800""
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 fields like "2035-10-07T00:00:00.000Z" and "2030-02-14T00:00:00.000Z""
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.
fully vested and exercisable financial
"footnote: "The shares underlying this option are fully vested and exercisable.""
vesting in thirty-six equal monthly installments financial
"footnotes describing remaining shares vesting in thirty-six equal monthly installments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Taylor Joseph Michael report owning in Factorial Energy Inc. (FAC)?
Taylor Joseph Michael reports direct ownership of 23,041 shares of Series A Common Stock. He also holds several stock options that give him the right to buy additional Series A shares at preset prices over future years.
What stock options does Taylor Joseph Michael hold in Factorial Energy Inc. (FAC)?
He holds multiple Stock Option (Right to Buy) awards on Series A Common Stock. These include options with exercise prices of $2.6400, $0.8800, and $0.0800, each tied to specific expiration dates from 2030 to 2035.
Are Taylor Joseph Michael’s options in FAC fully vested or still vesting?
One option grant is noted as fully vested and exercisable. Other grants vest over time, with 25% vesting on specific initial dates and the remaining 75% vesting in thirty-six equal monthly installments, subject to his continued service.
Does this Factorial Energy Inc. (FAC) Form 3 show any recent insider buying or selling?
No explicit buy or sell transactions are reported. The Form 3 functions as an initial statement of beneficial ownership, listing existing common stock and stock option positions rather than documenting new trades in the company’s securities.
What are the key expiration dates for Taylor Joseph Michael’s FAC stock options?
His stock options expire on several dates, including February 14, 2030, June 20, 2031, September 20, 2031, April 9, 2032, August 24, 2032, January 23, 2035, March 12, 2035, and October 7, 2035.
What vesting schedules are disclosed for Taylor Joseph Michael’s FAC options?
Footnotes state one option is fully vested, while others vest 25% at a cliff date and the remaining 75% in thirty-six equal monthly installments, beginning after August 25, 2023 or September 4, 2026, contingent on continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
