General Fusion Group officer reports share holdings
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Form Type
3
Rhea-AI Filing Summary
General Fusion Group Ltd. officer Jan L. Laishley, Chief Ppl and Culture Officer, reports direct ownership of 16,075 Common Shares plus several stock option awards, including options on 303,757 shares at $0.53 expiring in 2035 and 174,439 shares at $8.95 expiring in 2036, along with smaller grants at other prices and maturities. Laishley also holds Earnout Options and 3,345 Earnout Shares that can convert into common shares 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
11 transactions reported
Mixed
11 txns
Insider
Laishley Jan L.
Role
Chief Ppl and Culture Officer
| 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) 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) F2, F5 | -- | -- | -- |
| holding | Earnout Options (right to buy) F3, F5 | -- | -- | -- |
| holding | Earnout Options (right to buy) F4, F5 | -- | -- | -- |
| holding | Earnout Shares (right to buy) F5 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 506,125 contracts (Direct);
Earnout Options (right to buy) — 105,440 contracts (Direct);
Earnout Shares (right to buy) — 3,345 contracts (Direct);
Common Shares — 16,075 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 vested 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: 16,075 shares
Stock options at $0.5300: 303,757 shares
Stock options at $8.9500: 174,439 shares
+4 more
7 metrics
Common Shares held
16,075 shares
Direct ownership of common shares following the reported holdings
Stock options at $0.5300
303,757 shares
Underlying common shares for options with $0.5300 exercise price expiring 2035-08-06
Stock options at $8.9500
174,439 shares
Underlying common shares for options with $8.9500 exercise price expiring 2036-05-27
Earnout Options (F3 lot)
63,282 shares
Earnout Shares underlying Earnout Options at $0.0100 expiring 2031-07-10
Earnout Options (F4 lot)
36,341 shares
Earnout Shares underlying Earnout Options at $0.0100 expiring 2031-07-10
Earnout Shares held
3,345 shares
Earnout Shares that may convert into common shares by 2031-07-10 if VWAP targets are met
Earnout VWAP thresholds
$15.00, $20.00, $25.00
Common share VWAP price targets for conversion of Class A, B and C Earnout Shares
Key Terms
Earnout Options, Earnout Shares, Business Combination, volume weighted average price
4 terms
Earnout Options financial
"Earnout Options (right to buy) linked to Earnout Shares with $0.0100 exercise price"
Business Combination financial
"vested prior to the closing of the Business Combination remained vested"
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.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stock options does the GFUZ Chief Ppl and Culture Officer hold?
Jan L. Laishley holds multiple stock option awards, including options on 303,757 common shares at $0.5300 expiring August 6, 2035 and 174,439 shares at $8.9500 expiring May 27, 2036, plus smaller grants at exercise prices of $9.0600, $5.5000 and $5.4400.
Are Jan L. Laishley’s GFUZ option awards vested or still vesting?
Vesting varies by grant. One option grant is described as fully vested, while others vest 25% or 50% initially and the remainder in 12 substantially equal quarterly installments. Earnout Options associated with each award retain the same vesting history as the underlying option grant.
What is the importance of July 10, 2031 for GFUZ earnout securities?
July 10, 2031 is the final date by which Earnout Shares, including those underlying Earnout Options, can automatically convert into common shares. Conversion requires the common share VWAP to meet $15.00, $20.00 and $25.00 thresholds for 20 trading days within 30 consecutive trading days.
What are the main exercise prices on Jan L. Laishley’s GFUZ stock options?
Reported stock options have exercise prices of $9.0600, $5.5000, $5.4400, $0.5300 and $8.9500 per share. The largest position by underlying shares is the 303,757-share grant at an exercise price of $0.5300 per common share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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