Foresight Autonomous (FRSX) awards director RSUs for 1,000,000 shares
Rhea-AI Filing Summary
Avidan Daniel reported acquisition or exercise transactions in this Form 4 filing.
Foresight Autonomous Holdings Ltd. reported that director Daniel Avidan received a grant/award tied to 1,000,000 Ordinary Shares. According to the disclosure, these shares are issuable upon the vesting of RSUs through January 1, 2029, with each RSU representing one Ordinary Share. Following this award, Avidan is shown with direct beneficial ownership of 1,000,000 underlying Ordinary Shares. The issuer’s securities trade as American Depository Shares, where one ADS represents 90 Ordinary Shares and is convertible at any time.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,000,000 shares
Net Buy
1 txn
Insider
Avidan Daniel
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares F1, F2 | 1,000,000 | $0.00 | $0.00 |
Holdings After Transaction:
Ordinary Shares — 1,000,000 shares (Direct)
Footnotes (2)
- F1. Includes 1,000,000 ordinary shares, no par value per share, of the Issuer (the "Ordinary Shares") issuable upon the vesting of restricted share units ("RSUs") through January 1, 2029. Each RSU represents the right to receive one Ordinary Share.
- F2. The Issuer's securities are listed as American Depository Shares ("ADS"), where one ADS represents 90 Ordinary Shares. Each ADS is convertible at any time, at the holder's election. The ADSs have no expiration date.
Key Figures
RSUs awarded: 1,000,000 Ordinary Shares
Transaction price per share: $0.0000
Shares following transaction: 1,000,000 Ordinary Shares
+1 more
4 metrics
RSUs awarded
1,000,000 Ordinary Shares
Ordinary Shares issuable upon vesting of RSUs through January 1, 2029
Transaction price per share
$0.0000
Reported price per Ordinary Share in the equity grant
Shares following transaction
1,000,000 Ordinary Shares
Total direct beneficial ownership of underlying Ordinary Shares after the award
ADS conversion ratio
1 ADS = 90 Ordinary Shares
Ratio for issuer’s securities listed as American Depository Shares
Key Terms
restricted share units ("RSUs"), American Depository Shares ("ADS"), no par value per share
3 terms
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Foresight Autonomous (FRSX) disclose for Daniel Avidan?
Foresight Autonomous reported that director Daniel Avidan received a grant tied to 1,000,000 Ordinary Shares. These are issuable upon vesting of restricted share units (RSUs) running through January 1, 2029, with each RSU delivering one Ordinary Share.
What is the vesting timeline for Daniel Avidan’s FRSX RSUs?
The RSUs vest over a period ending on January 1, 2029. The filing notes that 1,000,000 Ordinary Shares are issuable upon the vesting of these RSUs through that date, indicating a multi‑year vesting schedule rather than instant vesting.
Was the FRSX insider equity award made under a Rule 10b5-1 trading plan?
The disclosure indicates the Rule 10b5‑1 checkbox is not marked, so the award is not reported as made under a 10b5‑1 trading plan. The transaction is characterized instead as a grant or award of equity compensation.