StealthGas (GASS) director Markos Drakos details stock and option holdings
Rhea-AI Filing Summary
StealthGas Inc. director Markos Drakos has filed an initial Form 3 showing his equity holdings in the company. The filing reports direct ownership of 59,714 shares of common stock. It also lists stock options over 5,000 shares at an exercise price of $7.89, 2,000 shares at $6.81, and 5,000 shares at $6.01.
According to the vesting terms, the $7.89 option over 5,000 shares vests in two equal installments on January 15, 2027 and January 15, 2028, contingent on continued service. The $6.81 option is fully vested. For the $6.01 option, half is already vested and the remaining half becomes exercisable on April 23, 2026, also subject to continued service.
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Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
DRAKOS MARKOS
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 | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 5,000 shares (Direct);
Common Stock — 59,714 shares (Direct)
Footnotes (1)
- 50% of the shares subject to such option vest and become exercisable on January 15, 2027. The remaining 50% of the shares subject to such option vest and become exercisable on January 15, 2028, subject to the Reporting Person's continuous service to the Issuer on such date. Fully vested. 50% of the shares subject to such option are vested and exercisable. The remaining 50% of the shares subject to such option vest and become exercisable on April 23, 2026, subject to the Reporting Person's continuous service to the Issuer on such date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Markos Drakos report in his Form 3 for StealthGas (GASS)?
Markos Drakos reports his initial beneficial ownership in StealthGas on Form 3. He directly holds 59,714 common shares plus several stock option grants with specified exercise prices and vesting schedules tied to his continued service as a director.
What stock options does Markos Drakos hold in StealthGas (GASS)?
Drakos holds stock options linked to StealthGas common stock at exercise prices of $7.89, $6.81, and $6.01 per share. These options cover 5,000, 2,000, and 5,000 underlying shares respectively, each with its own vesting schedule and expiration date.
How do the vesting terms work for Drakos’s $7.89 StealthGas stock option?
For the $7.89 option over 5,000 shares, 50% vests on January 15, 2027 and the remaining 50% on January 15, 2028. Both vesting dates require that Drakos maintain continuous service with StealthGas through the respective vesting dates.
Is any of Markos Drakos’s StealthGas (GASS) option grant already fully vested?
Yes. One of Drakos’s options, with a $6.81 exercise price, is described as fully vested. This means all shares under that particular grant are currently exercisable, subject to the stated terms and the option’s December 8, 2033 expiration date.
What is the vesting schedule for Drakos’s $6.01 StealthGas stock option?
The $6.01 option over 5,000 shares is half vested and exercisable now. The remaining 50% is scheduled to vest and become exercisable on April 23, 2026, provided Drakos continues to serve the company through that date.