Formula Systems CEO reports initial share holdings
FORMULA SYSTEMS (1985) LTD CEO Guy Bernstein filed an initial ownership report showing his direct stake in the company.
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
FORMULA SYSTEMS (1985) LTD CEO Guy Bernstein filed an initial ownership report showing his direct stake in the company. He holds 1,797,973 Ordinary Shares and 611,771 RSUs, each RSU linked to one Ordinary Share at an exercise price of $1.00 and expiring on December 31, 2027.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bernstein Guy
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | RSU | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
RSU — 611,771 contracts (Direct);
Ordinary Shares — 1,797,973 shares (Direct)
Key Figures
Ordinary Shares held: 1,797,973 shares
RSUs held: 611,771 RSUs
RSU exercise price: $1.00 per share
+1 more
4 metrics
Ordinary Shares held
1,797,973 shares
Direct holdings reported on Form 3
RSUs held
611,771 RSUs
Direct RSU holdings linked to Ordinary Shares
RSU exercise price
$1.00 per share
Exercise price for RSUs into Ordinary Shares
RSU expiration date
December 31, 2027
Expiration date of reported RSU awards
Key Terms
RSU, Ordinary Shares, exercise price, expiration date
4 terms
RSU financial
"security_title: "RSU" and underlying_security_title: "Ordinary Shares""
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
exercise price financial
"conversion_or_exercise_price: "1.0000" for RSUs into Ordinary Shares"
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: "2027-12-31T00:00:00.000Z" for RSU awards"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filing by FORTY CEO Guy Bernstein show?
The Form 3 filing shows CEO Guy Bernstein’s existing equity stake in Formula Systems. He directly holds 1,797,973 Ordinary Shares and 611,771 RSUs, giving investors a clear view of his current ownership and incentive alignment through share-based awards.
What RSU holdings are disclosed for the FORTY CEO in this Form 3?
The filing discloses that Guy Bernstein holds 611,771 RSUs, each tied to Formula Systems Ordinary Shares. These RSUs carry an exercise price of $1.00 per share and are scheduled to expire on December 31, 2027, highlighting a multi‑year equity incentive position.
Are there any buy or sell transactions reported in this FORTY Form 3?
The Form 3 reflects holding entries only, not new buy or sell transactions. It records Guy Bernstein’s existing Ordinary Share and RSU positions, serving as an initial ownership snapshot rather than a report of recent trading activity in Formula Systems securities.
What is the exercise price and expiration date of the CEO’s RSUs at Formula Systems (FORTY)?
The CEO’s RSUs have an exercise price of $1.00 per underlying Ordinary Share and an expiration date of December 31, 2027. This structure shows the terms under which RSUs may convert into Ordinary Shares over the award’s remaining life.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates