Immuron (IMRN) chairman discloses 1.67M share options
Rhea-AI Filing Summary
Immuron Ltd director and Chairman of the Board Paul Gerard Brennan filed an initial Form 3 detailing his option holdings in the company. He holds options over 1,000,000 Ordinary Shares at an exercise price of $0.0789 per share, expiring on October 3, 2029, and options over 666,667 Ordinary Shares at an exercise price of $0.1793 per share, expiring on November 21, 2027. Footnotes explain that these options vest in staged annual installments between November 24, 2024 and November 24, 2028, with portions becoming exercisable each year as service-based vesting conditions are met. The exercise prices were originally set in Australian dollars and translated into U.S. dollars using a Reserve Bank of Australia exchange rate.
Positive
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Negative
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Brennan Paul Gerard
Role
Chairman of the Board
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
Holdings After Transaction:
Options — 1,666,667 shares (Direct)
Footnotes (4)
- F1. The option became exercisable as to 333,333 shares on November 24, 2024, and 333,334 shares on November 24, 2025, and becomes exercisable as to the remaining 333,3333 shares on November 24, 2026.
- F2. The options vest and become exercisable as to 333,333 shares on November 24, 2026; 333,333 shares on November 24, 2027; and 333,334 shares on November 24, 2028.
- F3. The exercise price of this option, originally denominated in Australian dollar ("AUD") in the amount of AUD $0.250 is presented in the table in U.S.dollars ("USD") based on the exchange rate reported by the Reserve Bank of Australia on April 28, 2026, which was AUD 1.00 = USD 0.7172.
- F4. The exercise price of this option, originally denominated in Australian dollar ("AUD") in the amount of AUD $0.110 is presented in the table in U.S.dollars ("USD") based on the exchange rate reported by the Reserve Bank of Australia on April 28, 2026, which was AUD 1.00 = USD 0.7172.
Key Figures
Option grant 1 exercise price: $0.0789 per share
Option grant 1 underlying shares: 1,000,000 shares
Option grant 2 exercise price: $0.1793 per share
+2 more
5 metrics
Option grant 1 exercise price
$0.0789 per share
Options over 1,000,000 Ordinary Shares expiring October 3, 2029
Option grant 1 underlying shares
1,000,000 shares
Ordinary Shares underlying options at $0.0789
Option grant 2 exercise price
$0.1793 per share
Options over 666,667 Ordinary Shares expiring November 21, 2027
Option grant 2 underlying shares
666,667 shares
Ordinary Shares underlying options at $0.1793
FX rate used
AUD 1.00 = USD 0.7172
Conversion of Australian dollar exercise prices to U.S. dollars
Key Terms
Form 3, Ordinary Shares, exercise price, vesting, +2 more
6 terms
Form 3 regulatory
"INSIDER FILING DATA (Form 3): { "issuerName": "Immuron Ltd""
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
exercise price financial
""conversion_or_exercise_price": "0.0789""
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
"The options vest and become exercisable as to 333,333 shares"
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
""expiration_date": "2029-10-03T00:00:00.000Z""
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.
Reserve Bank of Australia financial
"based on the exchange rate reported by the Reserve Bank of Australia"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Immuron (IMRN) Chairman Paul Gerard Brennan report on this Form 3?
He reports his initial holdings of stock options in Immuron. These include options over 1,000,000 Ordinary Shares at $0.0789 and 666,667 shares at $0.1793, providing transparency about his derivative-based exposure as a company insider.
What are the exercise prices and expirations of Paul Brennan’s Immuron options?
He holds options with exercise prices of $0.0789 and $0.1793 per Ordinary Share. The lower-priced options expire on October 3, 2029, while the higher-priced options expire on November 21, 2027, defining the time window for potential exercise.
How do Paul Brennan’s Immuron (IMRN) options vest over time?
His options vest in annual tranches. One grant becomes exercisable in portions of roughly 333,333 shares each year from November 24, 2024 through November 24, 2026. The second grant vests in similar yearly installments from November 24, 2026 through November 24, 2028.
Why are Paul Brennan’s Immuron option exercise prices shown in U.S. dollars?
The options were originally denominated in Australian dollars. The filing converts exercise prices into U.S. dollars using a Reserve Bank of Australia exchange rate of AUD 1.00 = USD 0.7172, allowing U.S. investors to more easily interpret the strike prices.