Galmed (GLMD) CFO details Ordinary Share, option and RSU holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Galmed Pharmaceuticals Ltd. filed a Form 3 showing Chief Financial Officer Doron Leib Cohen’s existing equity holdings in the company. He directly holds 22,083 Ordinary Shares, several blocks of Restricted Share Units, and options to purchase 208 Ordinary Shares at an exercise price of 68.4000 per share expiring on February 23, 2032.
One RSU grant of 2,083 units vests on August 7, 2026, another of 23,333 units vests in four equal parts on May 12, 2026, November 12, 2026, May 12, 2027 and November 12, 2027, and a further RSU award of 25,000 units vests one-third on August 26, 2026 with the rest in four installments through August 26, 2028, all subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Cohen Doron Leib
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options to Purchase Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
Holdings After Transaction:
Options to Purchase Ordinary Shares — 208 shares (Direct);
Ordinary Shares — 22,083 shares (Direct);
Restricted Share Units — 2,083 shares (Direct)
Footnotes (1)
- These restricted share units vest on August 7, 2026, subject to the Reporting Person's continued service. These restricted share units vest in four equal installments on each of May 12, 2026, November 12, 2026, May 12, 2027 and November 12, 2027, subject to the Reporting Person's continued service. These restricted share units vest in accordance with the following vesting schedule: 1/3 shall vest on August 26, 2026 and the remaining portion shall vest in four equal installments on each of February 26, 2027, August 26, 2027, February 26, 2028 and August 26, 2028, subject to the Reporting Person's continued service.
FAQ
What does the Galmed Pharmaceuticals (GLMD) Form 3 filing show for the CFO?
The Form 3 shows CFO Doron Leib Cohen’s existing equity stake in Galmed. It lists 22,083 Ordinary Shares, several Restricted Share Unit grants, and options for 208 Ordinary Shares at an exercise price of 68.4000, all held directly.
What option position does the Galmed (GLMD) CFO report on Form 3?
He reports options to purchase Ordinary Shares with an exercise price of 68.4000 per share. These options cover 208 underlying Ordinary Shares and have an expiration date of February 23, 2032, providing long-dated potential equity exposure if exercised.
When do the Galmed (GLMD) CFO’s RSU awards disclosed on Form 3 vest?
One RSU grant vests on August 7, 2026. Another vests in four equal installments on May 12, 2026, November 12, 2026, May 12, 2027 and November 12, 2027. A third award vests from August 26, 2026 through August 26, 2028, all conditioned on continued service.
What are the sizes of the RSU holdings reported by the Galmed (GLMD) CFO?
The Form 3 lists Restricted Share Unit positions of 2,083 units, 23,333 units, and 25,000 units. Each block is tied to specific vesting schedules between 2026 and 2028, and all vesting is subject to the CFO’s continued service with Galmed.
What is the purpose of this Galmed (GLMD) Form 3 for the CFO?
This Form 3 serves as the initial statement of beneficial ownership for the CFO. It discloses his existing Ordinary Share holdings, outstanding option award, and unvested Restricted Share Units, providing the market with a baseline view of his equity interests.