General Fusion Group Ltd. (GFUZ) director discloses option positions
Rhea-AI Filing Summary
General Fusion Group Ltd. director Kei Wendy Wai Ting reports initial beneficial ownership consisting of stock options over 42,755 common shares at $8.95 per share, expiring May 27, 2036, and earnout options over 8,907 earnout shares at $0.01 per share, expiring July 10, 2031. These options vest in three substantially equal annual installments from their original grant dates, and the earnout shares, split equally among Class A, B and C series, convert into common shares only if volume weighted average price targets of $15.00, $20.00 and $25.00 are met on or before July 10, 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kei Wendy Wai Ting
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Earnout Options (right to buy) F1, F2 | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 42,755 shares (Direct);
Earnout Options (right to buy) — 8,907 shares (Direct)
Footnotes (2)
- F1. These options vest in three substantially equal installments on the first, second and third anniversaries of the original date of grant by General Fusion Inc. (the "Legacy Company"), or in the case of Earnout Options, the first, second and third anniversaries of the original date of grant of the associated option award.
- F2. 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 General Fusion Group Ltd. (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
Stock option underlying shares: 42755.0000 shares
Stock option exercise price: 8.9500
Earnout option underlying shares: 8907.0000 shares
+3 more
6 metrics
Stock option underlying shares
42755.0000 shares
Underlying common shares for stock option award held directly by Kei Wendy Wai Ting
Stock option exercise price
8.9500
Exercise price per common share for stock options expiring 2036-05-27
Earnout option underlying shares
8907.0000 shares
Underlying earnout shares for earnout options held directly by Kei Wendy Wai Ting
Earnout option exercise price
0.0100
Exercise price per earnout share for earnout options expiring 2031-07-10
Earnout VWAP hurdle 1
15.00
First volume weighted average price target for earnout share conversion by 2031-07-10
Earnout VWAP deadline
2031-07-10
Date by which VWAP targets of $15.00, $20.00 and $25.00 must be met
Key Terms
Earnout Options, Earnout Shares, volume weighted average price, Class A Earnout Shares
4 terms
Earnout Options financial
"Earnout Options (right to buy)"
volume weighted average price financial
"if, on or before July 10, 2031, the volume weighted average price of the Company's"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider holdings in GFUZ does Kei Wendy Wai Ting report?
Kei Wendy Wai Ting reports holding stock options over 42,755 common shares at $8.95 and earnout options over 8,907 earnout shares at $0.01. All positions are held directly and subject to vesting and, for earnout shares, future price hurdles before conversion.
How many stock options in GFUZ does Kei Wendy Wai Ting hold and on what terms?
She holds stock options over 42,755 common shares with an exercise price of $8.95 per share, expiring on May 27, 2036. These options vest in three substantially equal installments on the first, second and third anniversaries of their original grant date.
What are the terms of the earnout options reported for GFUZ?
She holds 8,907 earnout options over earnout shares at an exercise price of $0.01, expiring on July 10, 2031. The underlying earnout shares convert into common shares only if specified volume weighted average price targets are achieved by that date.
When do Kei Wendy Wai Ting’s options in GFUZ vest?
Both the stock options and earnout options vest in three substantially equal installments. Vesting occurs on the first, second and third anniversaries of the original grant date (or associated option award date for earnout options) from General Fusion Inc., the legacy company.