Grown Rogue (GRUSF) director discloses 170,000 stock options at $0.60
Rhea-AI Filing Summary
Grown Rogue International Inc. director Stephen Gledhill filed an initial ownership report showing stock options to acquire subordinate voting shares. The filing lists stock options with an exercise price of $0.6000 per share for an underlying 170,000 subordinate voting shares, expiring on August 31, 2027. According to the footnote, 113,333 of these options are currently vested, while the remaining 56,667 are scheduled to vest on December 31, 2026.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gledhill Stephen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 170,000 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Underlying option shares: 170,000 shares
Exercise price: $0.6000 per share
Options vested: 113,333 options
+2 more
5 metrics
Underlying option shares
170,000 shares
Subordinate Voting Shares underlying reported stock options
Exercise price
$0.6000 per share
Stock options (Right to Buy) exercise price
Options vested
113,333 options
Vested portion of options granted August 31, 2024
Options to vest
56,667 options
Scheduled to vest on December 31, 2026
Option expiration
August 31, 2027
Expiration date for reported stock options
Key Terms
Stock Options (Right to Buy), Subordinate Voting Shares, exercise price, vest, +1 more
5 terms
Stock Options (Right to Buy) financial
"security_title: Stock Options (Right to Buy)"
exercise price financial
"exercisePrice: 0.6000"
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.
vest financial
"The remaining 56,667 Stock Options vest on December 31, 2026."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
expiration date financial
"expiration_date: 2027-08-31T00:00:00.000Z"
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 did Gledhill Stephen report in Form 3 for GRUSF?
Gledhill Stephen reported ownership of stock options for Grown Rogue International Inc. The options relate to 170,000 underlying subordinate voting shares at a $0.6000 exercise price, providing context on his derivative-based exposure rather than any recent share purchase or sale.
What is the vesting schedule of Gledhill Stephen’s GRUSF stock options?
The options were granted on August 31, 2024, with 113,333 options already vested. The remaining 56,667 options are scheduled to vest on December 31, 2026, indicating a multi-year vesting structure tied to continued service or performance conditions.
When do Gledhill Stephen’s Grown Rogue stock options expire?
The stock options reported in the Form 3 expire on August 31, 2027. After that date, any unexercised options will lapse, so the exercisability window runs from their grant and vesting dates through this expiration date, as disclosed in the filing.
What is the exercise price of the GRUSF stock options held by Gledhill Stephen?
The options have an exercise price of $0.6000 per underlying subordinate voting share. This fixed price is the cost per share if the options are exercised before the August 31, 2027 expiration date, assuming the relevant tranches have vested as scheduled.