General Fusion Group director discloses share holdings
General Fusion Group Ltd. director Thomas Boehlert reported initial beneficial ownership of 20,000 common shares, stock options over 42,755 common shares at an exercise price of $8.95, and earnout options over 8,907 earnout shares at $0.01.
Rhea-AI Filing Summary
General Fusion Group Ltd. director Thomas Boehlert reported initial beneficial ownership of 20,000 common shares, stock options over 42,755 common shares at an exercise price of $8.95, and earnout options over 8,907 earnout shares at $0.01.
Both option types vest in three substantially equal annual installments from their original grant dates. The earnout shares convert to common shares only if volume weighted average price thresholds of $15.00, $20.00 and $25.00 are met on or before July 10, 2031.
Positive
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Negative
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Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Boehlert Thomas
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Earnout Options (right to buy) F1, F2 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 42,755 contracts (Direct);
Earnout Options (right to buy) — 8,907 contracts (Direct);
Common Shares — 20,000 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
Common shares held: 20,000 shares
Stock options underlying shares: 42,755 shares
Stock option exercise price: $8.95 per share
+4 more
7 metrics
Common shares held
20,000 shares
Directly owned by Thomas Boehlert as reported in initial ownership statement
Stock options underlying shares
42,755 shares
Underlying common shares for stock options at $8.95 exercise price expiring 2036-05-27
Stock option exercise price
$8.95 per share
Exercise price for options on 42,755 common shares
Earnout options underlying shares
8,907 shares
Underlying earnout shares for earnout options at $0.01 exercise price expiring 2031-07-10
Earnout option exercise price
$0.01 per share
Exercise price for earnout options on 8,907 earnout shares
Earnout VWAP thresholds
$15.00, $20.00, $25.00
VWAP levels required for Class A, B and C Earnout Shares to convert
Earnout deadline
July 10, 2031
Date by which VWAP conditions must be satisfied for earnout shares to convert
Key Terms
Earnout Options, Earnout Shares, volume weighted average price, Class A Earnout Shares
4 terms
Earnout Options financial
"Earnout Options (right to buy) with underlying Earnout Shares"
volume weighted average price financial
"if the volume weighted average price of the Company's common shares"
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 insider holdings did GFUZ director Thomas Boehlert report in his Form 3?
Thomas Boehlert reported 20,000 common shares, stock options over 42,755 common shares at $8.95, and earnout options over 8,907 earnout shares at $0.01. All positions are reported as directly owned in his initial ownership statement for GFUZ.
How many stock options does Thomas Boehlert hold in GFUZ and at what exercise price?
Boehlert holds stock options over 42,755 common shares of GFUZ with an exercise price of $8.95 per share. These options expire on May 27, 2036 and vest in three substantially equal annual installments from their original grant date.
What are the key terms of the earnout options reported for GFUZ?
Boehlert holds earnout options over 8,907 earnout shares at an exercise price of $0.01, expiring July 10, 2031. The underlying earnout shares convert into common shares only if specified volume weighted average price thresholds are met by that date.
When do Thomas Boehlert’s GFUZ options and earnout options expire?
The stock options for 42,755 common shares at $8.95 expire on May 27, 2036. The earnout options for 8,907 earnout shares at $0.01 expire on July 10, 2031, subject to the earnout share conversion conditions being satisfied.
AI-generated analysis. How Rhea-AI works. Not financial advice.
