General Fusion director reports initial share holdings
General Fusion Group Ltd. director Mark S. Little reports beneficial ownership of 334,442 common shares held directly and 293,977 held indirectly through his spouse.
Rhea-AI Filing Summary
General Fusion Group Ltd. director Mark S. Little reports beneficial ownership of 334,442 common shares held directly and 293,977 held indirectly through his spouse. He also holds several stock option awards, including options over 65,104 common shares at an exercise price of $0.53 per share. In addition, he reports direct and indirect Earnout Shares and related Earnout Options that convert into common shares only if volume weighted average price targets of $15.00, $20.00 and $25.00 are achieved on or before July 10, 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Little Mark S.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Stock Option (right to buy) F2 | -- | -- | -- |
| holding | Stock Option (right to buy) F3 | -- | -- | -- |
| holding | Stock Option (right to buy) F3 | -- | -- | -- |
| holding | Stock Option (right to buy) F3 | -- | -- | -- |
| holding | Earnout Options (right to buy) F1, F4 | -- | -- | -- |
| holding | Earnout Options (right to buy) F2, F4 | -- | -- | -- |
| holding | Earnout Options (right to buy) F3, F4 | -- | -- | -- |
| holding | Earnout Shares F4 | -- | -- | -- |
| holding | Earnout Shares F4 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 117,267 contracts (Direct);
Earnout Options (right to buy) — 24,427 contracts (Direct);
Earnout Shares — 69,672 contracts (Direct);
Earnout Shares — 61,242 contracts (Indirect, By Spouse);
Common Shares — 334,442 shares (Direct);
Common Shares — 293,977 shares (Indirect, By Spouse)
Footnotes (4)
- 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. These options vested 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.
- F3. 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.
- F4. 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
Direct common shares: 334,442 shares
Indirect common shares (spouse): 293,977 shares
Stock option underlying shares at $0.53: 65,104 shares
+4 more
7 metrics
Direct common shares
334,442 shares
Beneficially owned directly by Mark S. Little as of July 10, 2026
Indirect common shares (spouse)
293,977 shares
Beneficially owned indirectly through spouse as of July 10, 2026
Stock option underlying shares at $0.53
65,104 shares
Stock Option (right to buy) exercisable at $0.5300 expiring August 6, 2035
Stock option underlying shares at $8.95
29,074 shares
Stock Option (right to buy) exercisable at $8.9500 expiring May 27, 2036
Direct Earnout Shares
69,672 shares
Earnout Shares that may convert into common shares by July 10, 2031
Indirect Earnout Shares (spouse)
61,242 shares
Earnout Shares beneficially owned indirectly through spouse
Earnout price targets
$15.00, $20.00, $25.00
VWAP thresholds for Class A, B and C Earnout Shares before July 10, 2031
Key Terms
Earnout Shares, Earnout Options, volume weighted average price, Class A Earnout Shares, +1 more
5 terms
Earnout Options financial
"Earnout Options (right to buy) with underlying Earnout Shares exercisable at $0.0100"
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.
FAQ
What stock option awards for GFUZ’s director Mark S. Little are disclosed in this Form 3?
He holds several stock options, including awards over 65,104 common shares at an exercise price of $0.53 expiring August 6, 2035, and 29,074 common shares at $8.95 expiring May 27, 2036. Footnotes describe multi-year vesting schedules starting from original grant dates.
What indirect holdings through a spouse are reported for GFUZ director Mark S. Little?
In addition to direct positions, the filing shows 293,977 common shares and 61,242 Earnout Shares held indirectly "By Spouse." These are treated as beneficially owned by Mark S. Little but are legally held in his spouse’s name, as indicated in the ownership fields.
Does this General Fusion Group (GFUZ) Form 3 show any recent insider buying or selling?
No purchases or sales are reported; all entries are holdings rather than transactions. The summary data show zero buy, sell, exercise, gift or tax-withholding events, indicating this Form 3 serves as an initial snapshot of Mark S. Little’s existing positions in GFUZ.
AI-generated analysis. How Rhea-AI works. Not financial advice.
