Hub Cyber Security (HUBC) CRO discloses RSU-based share stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Hub Cyber Security Ltd. executive Paul F. Parisi, the Chief Revenue Officer, filed an initial Form 3 reporting his beneficial ownership of the company’s ordinary shares. The filing shows two direct ownership entries of ordinary shares and notes that part of his interest is in the form of restricted share units.
According to the footnote, these restricted share units vest in sixteen quarterly installments of 375 ordinary shares beginning on June 10, 2025, with each unit delivering one ordinary share when it vests. This structure gradually increases his equity exposure over time as the RSUs vest.
Positive
- None.
Negative
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Parisi Paul F.
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 750 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Ordinary shares holding entry 1: 750 ordinary shares
Ordinary shares holding entry 2: 5,250 ordinary shares
Quarterly RSU vesting tranche: 375 ordinary shares per installment
+1 more
4 metrics
Ordinary shares holding entry 1
750 ordinary shares
Total shares following first reported holding entry
Ordinary shares holding entry 2
5,250 ordinary shares
Total shares following second reported holding entry
Quarterly RSU vesting tranche
375 ordinary shares per installment
Each RSU installment beginning June 10, 2025
Number of vesting installments
16 quarterly installments
RSUs vest over sixteen quarterly periods
Key Terms
Restricted Share Units ("RSUs"), Ordinary Shares, vest in sixteen quarterly installments, Chief Revenue Officer
4 terms
vest in sixteen quarterly installments financial
"that vest in sixteen quarterly installments of 375 Ordinary Shares"
Chief Revenue Officer financial
"officer_title": "Chief Revenue Officer""
A chief revenue officer is a top executive responsible for overseeing all aspects of generating income for a company, including sales, marketing, and customer relationships. They develop strategies to attract and retain customers, much like a coach guiding a team to score more points. Investors pay attention to this role because it directly influences the company's growth and profitability.
FAQ
How do Paul Parisi’s RSUs at Hub Cyber Security (HUBC) vest over time?
Parisi’s RSUs vest in sixteen quarterly installments of 375 ordinary shares beginning June 10, 2025. Each restricted share unit converts into one ordinary share when it vests, gradually increasing his equity stake as long as vesting conditions continue to be met.
What role does Paul F. Parisi hold at Hub Cyber Security (HUBC)?
Paul F. Parisi serves as Chief Revenue Officer of Hub Cyber Security Ltd., according to the Form 3 filing. His reported ordinary share holdings and RSUs align his compensation with the company’s equity performance over time through ongoing vesting.
Are Paul Parisi’s HUBC holdings direct or indirect according to the Form 3?
The Form 3 shows both holdings as direct ownership entries, indicated by the code "D" and an ownership type described as direct. These entries, combined with his RSUs, reflect equity interests held personally rather than through a separate entity.