Glimpse Group, Inc. (GGRP) awards 37,500 stock options to former director
Rhea-AI Filing Summary
Glimpse Group, Inc. reported that former director Amen Lemuel received a grant of stock options on 2025-01-01. The award covers 37,500 options to buy common stock at an exercise price of $2.25 per share, expiring on 2027-02-12.
According to the footnote, this option vests in equal monthly installments from 01/31/2025 through 12/31/2025. After the grant, Lemuel held options for 37,500 underlying shares, all reported as directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Amen Lemuel
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) F1 | 37,500 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 37,500 shares (Direct)
Footnotes (1)
- F1. This option vested in equal monthly increments from 1/31/2025 through 12/31/2025.
Key Figures
Options granted: 37,500 options
Exercise price: $2.25 per share
Underlying shares: 37,500 shares
+3 more
6 metrics
Options granted
37,500 options
Stock Option (Right to Buy) award to Amen Lemuel on 2025-01-01
Exercise price
$2.25 per share
Conversion or exercise price for the 37,500 stock options
Underlying shares
37,500 shares
Common stock underlying the granted stock options
Expiration date
2027-02-12
Option expiration for the reported stock option grant
Post-grant option holdings
37,500 options
Total options held following the reported transaction
Vesting period
01/31/2025–12/31/2025
Equal monthly vesting schedule for the stock option grant
Key Terms
Stock Option (Right to Buy), exercise price, vesting, expiration date
4 terms
Stock Option (Right to Buy) financial
"Security title reported as Stock Option (Right to Buy) for the award"
exercise price financial
"Conversion or exercise price of $2.25 per share for the options"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"This option vested in equal monthly increments from 1/31/2025"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
expiration date financial
"Option shows an expiration date of 2027-02-12 in the derivative data"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Glimpse Group, Inc. (GGRP) report for Amen Lemuel?
Glimpse Group reported that former director Amen Lemuel received a grant of 37,500 stock options on 2025-01-01. These options allow him to purchase Glimpse Group common shares at a $2.25 exercise price, with vesting spread over monthly installments during 2025 and expiration in 2027.
What are the key terms of Amen Lemuel’s Glimpse Group (GGRP) option grant?
The option grant gives Amen Lemuel the right to buy 37,500 shares at an exercise price of $2.25 per share, with an expiration date of 2027-02-12. The option is reported as directly owned and was awarded with a grant price of $0.00 per option.
How does Amen Lemuel’s Glimpse Group (GGRP) option grant vest over time?
The filing states that the option vests in equal monthly increments from 01/31/2025 through 12/31/2025. This means the 37,500 options become exercisable gradually across 12 monthly vesting dates, rather than all at once, aligning vesting with the 2025 calendar year.
Was Amen Lemuel’s Glimpse Group (GGRP) option grant tied to a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and no footnote links this grant to a trading plan. The transaction is characterized as a grant or award acquisition of derivative securities, not as a pre-planned market purchase or sale under Rule 10b5-1.