Factorial Energy (NASDAQ: FAC) leaders disclose large option and Series B stakes
Rhea-AI Filing Summary
Factorial Energy Inc. filed an initial ownership report for insiders including Chief Executive Officer Siyu Huang and Chief Technology Officer Yingchao (Alex) Yu, both identified as 10% owners. The filing lists existing holdings of stock options on Series A Common Stock at exercise prices of $0.88 and $2.64 per share, with expirations between 2032 and 2035, along with Series B Common Stock that is convertible 1-for-1 into Series A Common Stock. Many positions are held indirectly through a spouse or family trusts, and some options are already fully vested while others vest over multi‑year schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
Huang Siyu, Yu Yingchao
Role
Chief Executive Officer | Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series B Common Stock | -- | -- | -- |
| holding | Series B Common Stock | -- | -- | -- |
| holding | Series B Common Stock | -- | -- | -- |
| holding | Series B Common Stock | -- | -- | -- |
| 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 | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Series B Common Stock — 366,840 shares (Indirect, By spouse);
Series B Common Stock — 5,848,182 shares (Indirect, By Danehy Family Trust);
Series B Common Stock — 7,383,194 shares (Indirect, By North Point Family Trust);
Series B Common Stock — 1,914,528 shares (Indirect, By Siyu Huang 2024 Family Trust dated March 1, 2024);
Stock Option (Right to Buy) — 4,298,145 shares (Direct);
Stock Option (Right to Buy) — 2,186,513 shares (Indirect, By spouse)
Footnotes (6)
- F1. Each share of Series B Common Stock is convertible at any time at the option of the holder into one share of Series A Common Stock and has no expiration date. Each share of Series B Common Stock will convert automatically upon the occurrence of certain events as set forth in the Issuer's certificate of incorporation.
- F2. Securities held directly by Dr. Huang's spouse, Dr. Yu. Dr. Yu is a director and the Chief Technology Officer of the Issuer.
- F3. Dr. Siyu Huang serves as investment trustee of each of the Danehy Family Trust and Siyu Huang Family Trust dated March 1, 2024, and Dr. Alex Yu serves as investment trustee of the North Point Family Trust. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that such shares are beneficially owned by them for Section 16 or any other purpose.
- F4. The shares underlying this option are fully vested and exercisable.
- F5. 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.
- F6. 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
Option exercise price: $2.64/share
Option exercise price: $0.88/share
Direct option block: 2,694,516 shares
+5 more
8 metrics
Option exercise price
$2.64/share
Stock Option on Series A Common Stock, expiration October 7, 2035
Option exercise price
$0.88/share
Multiple Stock Options on Series A Common Stock, expirations 2032–2035
Direct option block
2,694,516 shares
Underlying Series A Common Stock, option expiring April 9, 2032
Indirect option block
1,347,256 shares
Underlying Series A Common Stock, indirect option expiring April 9, 2032
North Point Family Trust holding
7,383,194 shares
Series B Common Stock, convertible 1:1 into Series A Common Stock
Danehy Family Trust holding
5,848,182 shares
Series B Common Stock, convertible 1:1 into Series A Common Stock
Family Trust holding
1,914,528 shares
Series B Common Stock held by Siyu Huang 2024 Family Trust
Spouse Series B holding
366,840 shares
Series B Common Stock held indirectly by spouse
Key Terms
Stock Option (Right to Buy), Series A Common Stock, Series B Common Stock, convertible at any time, +2 more
6 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
Series A Common Stock financial
"underlying_security_title: "Series A Common Stock""
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.
Series B Common Stock financial
"security_title: "Series B Common Stock""
convertible at any time financial
"Each share of Series B Common Stock is convertible at any time at the option of the holder"
beneficial ownership financial
"Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
vested and exercisable financial
"The shares underlying this option are fully vested and exercisable."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Factorial Energy (FAC) Form 3 reveal about insider roles?
The Form 3 shows Siyu Huang as Chief Executive Officer and director, and Yingchao (Alex) Yu as Chief Technology Officer and director. Both are also listed as 10% owners, indicating significant equity interests and leadership roles within Factorial Energy Inc.
What stock options are reported for Factorial Energy (FAC) insiders?
Insiders report stock options on Series A Common Stock with exercise prices of $0.88 and $2.64 per share. These options cover individual blocks such as 2,694,516 underlying shares expiring on April 9, 2032, indicating substantial derivative exposure.
How is Series B Common Stock treated in the Factorial Energy (FAC) filing?
The filing states each share of Series B Common Stock is convertible into one share of Series A Common Stock with no expiration. Blocks include 7,383,194 shares held by the North Point Family Trust, giving potential one‑for‑one conversion into Series A Common Stock.
Are any Factorial Energy (FAC) insider options already vested?
Yes. One footnote explains that certain options are fully vested and exercisable. Another describes a schedule where 25% vested on August 25, 2023, with the remainder vesting in thirty‑six equal monthly installments, subject to continued service requirements.
What future vesting schedule is disclosed for Factorial Energy (FAC) options?
A disclosed grant vests 25% of its shares on September 4, 2026, with the balance vesting in thirty‑six equal monthly installments afterward. Vesting remains subject to the reporting person’s continued service on each vesting date, indicating long‑term incentive alignment.
How are family trusts involved in Factorial Energy (FAC) insider holdings?
Several positions are held through family trusts, including the Danehy Family Trust, Siyu Huang 2024 Family Trust, and North Point Family Trust. A footnote states the reporting persons disclaim beneficial ownership except for any pecuniary interest, clarifying how these indirect holdings are treated.