Hub Cyber Security (HUBC) CTO reports initial share and RSU holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Hub Cyber Security Ltd. disclosed the initial holdings of Chief Technology Officer Geva Nachman on a Form 3. The filing shows direct ownership entries in the company’s ordinary shares and notes that part of his equity is in the form of restricted share units.
A footnote explains that these restricted share units vest in eight quarterly installments of 444 ordinary shares beginning on November 28, 2024, with each unit delivering one ordinary share. This structure gradually increases his share ownership over time as the installments vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Geva Nachman
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 1,185 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Direct holding entry 1: 1,185 shares
Direct holding entry 2: 2,370 shares
RSU installments: 8 installments
+2 more
5 metrics
Direct holding entry 1
1,185 shares
Total ordinary shares following first holding entry
Direct holding entry 2
2,370 shares
Total ordinary shares following second holding entry
RSU installments
8 installments
Number of quarterly RSU vesting installments
RSUs per installment
444 shares
Ordinary shares delivered each quarterly RSU vest
RSU vesting start
November 28, 2024
Date first RSU installment begins to vest
Key Terms
Restricted Share Units ("RSUs"), Ordinary Shares, quarterly installments
3 terms
quarterly installments financial
"RSUs that vest in eight quarterly installments of 444 Ordinary Shares"
FAQ
What does Hub Cyber Security (HUBC) report in Geva Nachman’s Form 3?
Hub Cyber Security reports Chief Technology Officer Geva Nachman’s initial beneficial ownership in ordinary shares. The filing records his direct holdings and explains that part of his equity compensation consists of restricted share units vesting over time into additional ordinary shares.
How do Geva Nachman’s RSUs at Hub Cyber Security (HUBC) vest?
Nachman’s restricted share units vest in eight quarterly installments of 444 ordinary shares each. Vesting begins on November 28, 2024, and each RSU converts into one ordinary share, gradually increasing his ownership as each scheduled installment is delivered over the vesting period.
Are there any buy or sell transactions in this Hub Cyber Security (HUBC) Form 3?
The Form 3 does not show any explicit buy or sell transactions. It records holdings entries with unknown transaction codes, indicating this is an initial beneficial ownership report rather than a report of open-market purchases or sales of Hub Cyber Security ordinary shares.
What type of security does Geva Nachman hold in Hub Cyber Security (HUBC)?
Nachman holds ordinary shares of Hub Cyber Security and restricted share units tied to those ordinary shares. Each restricted share unit represents the right to receive one ordinary share as it vests, aligning part of his compensation with the company’s equity performance.
When does Geva Nachman’s first RSU installment vest at Hub Cyber Security (HUBC)?
The first restricted share unit installment vests on November 28, 2024. From that date, eight quarterly installments of 444 ordinary shares will be delivered, with each installment increasing his ownership stake as the equity award continues to vest over the schedule.