[Form 3] IREN Limited Initial Statement of Beneficial Ownership
Filing Impact
Filing Sentiment
Form Type
3
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Roberts William Gregory
Role
Co-Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Class B Shares | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 2,400,000 shares (Indirect, By Awassi Capital Trust #1);
Ordinary Shares — 13,196,304 shares (Indirect, By Awassi Capital Trust #1);
Class B Shares — 1 shares (Indirect, By Awassi Capital Trust #1)
Footnotes (1)
- Includes ordinary shares (each, an "Ordinary Share") of IREN Limited (the "Company") and outstanding restricted stock units that will vest subject to the Reporting Person's satisfaction of applicable vesting conditions. Represents Ordinary Shares held through the Awassi Capital Trust #1, of which the Reporting Person has control over the trustee (the "Awassi Trust"). The Reporting Person disclaims beneficial ownership of the Ordinary Shares except to the extent of his pecuniary interest therein. Represents Class B Shares of the Company (each, a "Class B Share") held through the Awassi Trust. The Reporting Person disclaims beneficial ownership of the Class B Shares except to the extent of his pecuniary interest therein. Represents an option to purchase Ordinary Shares (each, an "Option"). The Options vest in four tranches of 600,000 Ordinary Shares each, subject to the volume-weighted average price of an Ordinary Share equalling or exceeding specified vesting thresholds over any period of twenty (20) consecutive trading days. The initial vesting thresholds, determined as of the grant date and based on a fully diluted share count as of the grant date of 43,345,056 Ordinary Shares, were $370, $650, $925, and $1,850, respectively. These vesting thresholds are subject to adjustment in accordance with the terms of the Option, including adjustments to reflect any reorganization of the Company's capital structure and any issuance of actual or potential Ordinary Shares following the grant date. The Options are fully vested and exercisable. The Options are held through the Awassi Trust. The Reporting Person disclaims beneficial ownership of the Options except to the extent of his pecuniary interest therein.
