General Fusion Group (GFUZ) CEO discloses stock, option and earnout stake
Rhea-AI Filing Summary
General Fusion Group Ltd. director and Chief Executive Officer Gregory D. Twinney filed an initial ownership report. He directly holds 290,533 Common Shares and 60,525 Earnout Shares, plus multiple stock option and earnout option grants with exercise prices ranging from $0.01 to $9.06 and expirations through 2036.
Key positions include options over 1,770,828 Common Shares at $0.53 expiring August 6, 2035, and options over 581,463 Common Shares at $8.95 expiring May 27, 2036. Footnotes describe vesting schedules tied to prior grants and a business combination, and state that Earnout Shares convert into common shares if the volume weighted average price reaches $15.00, $20.00 and $25.00 for 20 of 30 trading days on or before July 10, 2031.
Positive
- None.
Negative
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Insider Trade Summary
16 transactions reported
Mixed
16 txns
Insider
Twinney Gregory D.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Stock Option (right to buy) F2 | -- | -- | -- |
| holding | Stock Option (right to buy) F2 | -- | -- | -- |
| holding | Stock Option (right to buy) F2 | -- | -- | -- |
| holding | Stock Option (right to buy) F3 | -- | -- | -- |
| holding | Stock Option (right to buy) F4 | -- | -- | -- |
| holding | Earnout Options (right to buy) F1, F5 | -- | -- | -- |
| holding | Earnout Options (right to buy) F1, F5 | -- | -- | -- |
| holding | Earnout Options (right to buy) F1, F5 | -- | -- | -- |
| holding | Earnout Options (right to buy) F2, F5 | -- | -- | -- |
| holding | Earnout Options (right to buy) F3, F5 | -- | -- | -- |
| holding | Earnout Options (right to buy) F4, F5 | -- | -- | -- |
| holding | Earnout Shares F5 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 2,515,103 shares (Direct);
Earnout Options (right to buy) — 523,975 shares (Direct);
Earnout Shares — 60,525 shares (Direct);
Common Shares — 290,533 shares (Direct)
Footnotes (5)
- F1. Fully vested.
- F2. These options vested as to 25% of the underlying shares on the first anniversary of the original date of grant by General Fusion Inc. (the "Legacy Company"), or in the case of Earnout Options, the first anniversary of the original date of grant of the associated option award, with the remaining shares vesting in 12 substantially equal quarterly installments thereafter. All underlying shares that vested prior to the closing of the Legacy Company's business combination with Spring Valley Acquisition Corp. III (the "Business Combination") remained vested following their exchange for options of General Fusion Group Ltd. (the "Company"), and the Earnout Options associated with each option award retained the vesting history of the associated option award.
- F3. These options vest as to 50% of the underlying shares on the original date of grant by the Legacy Company, or in the case of Earnout Options, the first anniversary of the original date of grant of the associated option award, with the remaining shares vesting in 12 substantially equal quarterly installments thereafter. All underlying shares that vested prior to the closing of the Business Combination remained vested following their exchange for options of the Company, and the Earnout Options associated with each option award retained the vesting history of the associated option award.
- F4. These options vest as to 25% of the underlying shares on the first anniversary of the original date of grant by the Legacy Company, or in the case of Earnout Options, the first anniversary of the original date of grant of the associated option award, with the remaining shares vesting in 12 substantially equal quarterly installments thereafter.
- F5. Earnout Shares, including the Earnout Shares underlying the Earnout Options, consist of a substantially equal number of Class A Earnout Shares, Class B Earnout Shares, and Class C Earnout Shares, which will automatically convert into common shares of the Company if, on or before July 10, 2031, the volume weighted average price of the Company's common shares equals or exceeds each of $15.00, $20.00 and $25.00, respectively, for any 20 trading days within any period of 30 consecutive trading days.
Key Figures
Common Shares held: 290,533 shares
Earnout Shares held: 60,525 shares
Stock options at $0.53: 1,770,828 underlying shares
+3 more
6 metrics
Common Shares held
290,533 shares
Direct Common Shares reported by CEO Gregory D. Twinney as of July 10, 2026
Earnout Shares held
60,525 shares
Earnout Shares that may convert into common shares if VWAP conditions are met by July 10, 2031
Stock options at $0.53
1,770,828 underlying shares
Stock Option (right to buy) with $0.5300 exercise price expiring August 6, 2035
Stock options at $8.95
581,463 underlying shares
Stock Option (right to buy) with $8.9500 exercise price expiring May 27, 2036
Stock options at $9.06
68,408 underlying shares
Stock Option (right to buy) with $9.0600 exercise price expiring July 6, 2032
Earnout Options at $0.01
368,922 underlying shares
Earnout Options (right to buy) with $0.0100 exercise price expiring July 10, 2031
Key Terms
Earnout Shares, Earnout Options, volume weighted average price, Business Combination, +1 more
5 terms
Earnout Options financial
"Earnout Options, consist of a substantially equal number of Class A Earnout Shares"
volume weighted average price financial
"if the volume weighted average price of the Company's common shares equals or exceeds"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
Business Combination financial
"prior to the closing of the Legacy Company's business combination with Spring Valley"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
Legacy Company financial
"original date of grant by General Fusion Inc. (the Legacy Company)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider holdings did GFUZ CEO Gregory D. Twinney report on this Form 3?
Gregory D. Twinney reported 290,533 Common Shares, 60,525 Earnout Shares, and multiple stock option and earnout option grants. These options cover large blocks of Common Shares and Earnout Shares with exercise prices between $0.01 and $9.06 and expirations extending to 2036.
What are the largest stock option positions disclosed by the GFUZ CEO?
Large option positions include rights over 1,770,828 Common Shares at $0.53 expiring August 6, 2035, and 581,463 Common Shares at $8.95 expiring May 27, 2036. Several smaller grants with exercise prices between $4.50 and $9.06 also appear with expirations from 2029 to 2034.