General Fusion director reports option holdings

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.

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 contracts (Direct); Earnout Options (right to buy) — 8,907 contracts (Direct)

Footnotes (2)

1. 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.
2. 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)"

Earnout Shares financial

"Earnout Shares, including the Earnout Shares underlying the Earnout Options"

Earnout shares are company stock promised to sellers as part of an acquisition that only becomes payable if the acquired business hits agreed future performance targets, like revenue or profit goals. They matter to investors because they can increase the number of shares outstanding (dilution), tie seller incentives to future success, and create uncertainty about the actual cost of the deal and future ownership unless the performance conditions are clearly understood.

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.

Class A Earnout Shares financial

"substantially equal number of Class A Earnout Shares, Class B Earnout Shares"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

What price targets must GFUZ reach for the earnout shares to convert?

The earnout shares convert into common shares only if the volume weighted average price equals or exceeds $15.00, $20.00 and $25.00, respectively, for any 20 trading days within a 30-day period on or before July 10, 2031.

How are the earnout shares for GFUZ structured across classes?

The earnout shares, including those underlying the 8,907 earnout options, consist of a substantially equal number of Class A, Class B and Class C Earnout Shares. Each class converts into common shares only if its corresponding VWAP price hurdle is met by July 10, 2031.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/20/2026 - 09:29 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Kei Wendy Wai Ting

(Last) (First) (Middle)

6020 RUSS BAKER WAY

(Street)

RICHMOND V7B 1B4

(City) (State) (Zip)

BRITISH COLUMBIA, CANADA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
07/10/2026

3. Issuer Name and Ticker or Trading Symbol
General Fusion Group Ltd. [ GFUZ ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	(1)	05/27/2036	Common Shares	42,755	$8.95	D
Earnout Options (right to buy)	(1)(2)	07/10/2031	Earnout Shares	8,907	$0.01	D

Explanation of Responses:

1. 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.

2. 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.

Remarks:

Exhibit List: Exhibit 24-Power of Attorney

	/s/ Griffin D. Foster, as attorney-in-fact for Wendy Kei	07/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)