General Fusion director details option holdings
General Fusion Group Ltd. director Klaas de Boer reports his initial derivative holdings in the company.
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Form Type
3
Rhea-AI Filing Summary
General Fusion Group Ltd. director Klaas de Boer reports his initial derivative holdings in the company. The disclosure lists directly held stock options over common shares with exercise prices from $0.5300 to $8.9500 expiring between 2030 and 2036, plus low-priced earnout options over Earnout Shares expiring by July 10, 2031. Earnout Shares, including those underlying the earnout options, automatically convert into common shares if volume weighted average price targets of $15.00, $20.00 and $25.00 are met for 20 of 30 trading days on or before July 10, 2031.
Insider Trade Summary
15 transactions reported
Mixed
15 txns
Insider
de Boer Klaas
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| 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) F4 | -- | -- | -- |
| holding | Earnout Options (right to buy) F1, F5 | -- | -- | -- |
| holding | Earnout Options (right to buy) F1, F5 | -- | -- | -- |
| holding | Earnout Options (right to buy) F1, F5 | -- | -- | -- |
| 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 | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 196,646 contracts (Direct);
Earnout Options (right to buy) — 40,963 contracts (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 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 vested as to 50% of the underlying shares on 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.
- 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
Stock options underlying shares: 153459.0000 shares
Stock options underlying shares: 29074.0000 shares
Earnout options underlying shares: 31970.0000 shares
+4 more
7 metrics
Stock options underlying shares
153459.0000 shares
Underlying Common Shares for stock options at $0.5300 exercise price, expiring 2035-08-06
Stock options underlying shares
29074.0000 shares
Underlying Common Shares for stock options at $8.9500 exercise price, expiring 2036-05-27
Earnout options underlying shares
31970.0000 shares
Underlying Earnout Shares for Earnout Options at $0.0100 exercise price, expiring 2031-07-10
Earnout options underlying shares
6056.0000 shares
Underlying Earnout Shares for Earnout Options at $0.0100 exercise price, expiring 2031-07-10
Earnout trigger price Class A
$15.00
VWAP threshold for Class A Earnout Shares to convert into common shares
Earnout trigger price Class B
$20.00
VWAP threshold for Class B Earnout Shares to convert into common shares
Earnout trigger price Class C
$25.00
VWAP threshold for Class C Earnout Shares to convert into common shares
Key Terms
Earnout Options, Earnout Shares, volume weighted average price, Business Combination
4 terms
Earnout Options financial
"security_title: "Earnout Options (right to buy)" with $0.0100 exercise price"
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.
Business Combination financial
"prior to the closing of the Legacy Company's business combination with Spring Valley"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider role does Klaas de Boer hold at General Fusion Group Ltd. (GFUZ)?
Klaas de Boer is reported as a director of General Fusion Group Ltd. The Form 3 focuses on his derivative positions, including stock options and earnout options, rather than common shares, establishing his initial reported ownership as a board member.
What stock option holdings over GFUZ common shares does Klaas de Boer report?
He reports directly held stock options$4.5000, $5.4400, $6.6700, $8.9500 and $0.5300
What are the key earnout option holdings reported for GFUZ?
He reports Earnout Options0.0100
How do Earnout Shares convert into common shares of GFUZ?
Earnout Shares, including those underlying the earnout options, automatically convert into common sharesJuly 10, 2031$15.00, $20.00 and $25.00
Are Klaas de Boer’s reported GFUZ derivative holdings direct or indirect?
All listed stock options and earnout options are reported as directly
Do the GFUZ options reported by Klaas de Boer appear fully vested?
Some option blocks are noted as “Fully vested”
AI-generated analysis. How Rhea-AI works. Not financial advice.
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