GenFlat director holds options for 10,000 shares
A GenFlat Holdings, Inc. director reported initial ownership of 10,000 stock options vesting quarterly and expiring in 2031.
Rhea-AI Filing Summary
GenFlat Holdings, Inc. (GFLT) director Kevin C. Ortzman reported his initial ownership of a stock option to buy Common Stock. The option covers 10,000 shares at an exercise price of $10.25 per share and expires on February 4, 2031. The options vest 25% at the end of every fiscal quarter, and any unvested portion is subject to forfeiture.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ortzman Kevin C.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock option (Right to buy) F1 | -- | -- | -- |
Holdings After Transaction:
Stock option (Right to buy) — 10,000 contracts (Direct)
Footnotes (1)
- F1. The options vest 25% at the end of every fiscal quarter. Any unvested portion of this award is subject to forfeiture.
Key Figures
Underlying shares: 10,000 shares
Exercise price: $10.25 per share
Expiration date: February 4, 2031
+1 more
4 metrics
Underlying shares
10,000 shares
Common Stock underlying the reported stock option holding
Exercise price
$10.25 per share
Exercise price of the stock option (right to buy)
Expiration date
February 4, 2031
Expiration of the reported stock option position
Vesting rate
25% per fiscal quarter
Footnote states options vest 25% at the end of every fiscal quarter
Key Terms
Stock option (Right to buy), underlying security, vesting, forfeiture
4 terms
Stock option (Right to buy) financial
"security title is listed as Stock option (Right to buy)"
underlying security financial
"underlying security title is Common Stock with 10,000 underlying shares"
vesting financial
"The options vest 25% at the end of every fiscal quarter."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
forfeiture financial
"Any unvested portion of this award is subject to forfeiture."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider position did GenFlat Holdings, Inc. (GFLT) report on this Form 3?
The filing reports director Kevin C. Ortzman as a reporting person, disclosing his initial ownership of a stock option (right to buy) over GenFlat Holdings, Inc. Common Stock.
What is the exercise price of the GenFlat (GFLT) stock option held by the director?
The stock option held by the director has an exercise price of $10.25 per share for the underlying GenFlat Holdings, Inc. Common Stock.
When does the reported GenFlat (GFLT) stock option expire?
The reported stock option position expires on February 4, 2031, as disclosed in the Form 3 derivative holdings table.
What is the vesting schedule of the GenFlat (GFLT) stock options reported?
According to the footnote, the options vest 25% at the end of every fiscal quarter, and any unvested portion is subject to forfeiture.
Is the GenFlat (GFLT) option holding reported as direct or indirect ownership?
The stock option is reported as direct ownership, as indicated by the ownership type shown for the derivative security.
AI-generated analysis. How Rhea-AI works. Not financial advice.