Leef Brands (LEEEF) CFO details 847K shares and large equity awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Leef Brands Inc. filed an initial ownership report for Chief Financial Officer Kevin John Wilson. The filing shows he directly holds 847,233 common shares plus several equity awards: restricted stock units for 6,433,864 underlying common shares at an exercise price of $0.20 expiring on 2035-12-04, options for 1,350,000 underlying common shares at $0.15 expiring on 2034-11-01, and warrants for 16,000 underlying common shares at $0.30 expiring on 2027-08-14. One third of certain shares vest on the initial exercise date and the rest in two equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Wilson Kevin John
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Unit (Right to Buy) | -- | -- | -- |
| holding | Warrant (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit (Right to Buy) — 6,433,864 shares (Direct);
Warrant (Right to Buy) — 16,000 shares (Direct);
Option (Right to Buy) — 1,350,000 shares (Direct);
Common Shares — 847,233 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Direct common shares: 847,233 shares
RSU underlying shares: 6,433,864 shares at $0.20
Option underlying shares: 1,350,000 shares at $0.15
+2 more
5 metrics
Direct common shares
847,233 shares
Common Shares held directly by CFO
RSU underlying shares
6,433,864 shares at $0.20
Restricted Stock Unit exercise price; expire 2035-12-04
Option underlying shares
1,350,000 shares at $0.15
Options; expire 2034-11-01
Warrant underlying shares
16,000 shares at $0.30
Warrants; expire 2027-08-14
RSU vesting structure
1/3 initial, 2 equal annual installments
Footnote vesting schedule for certain shares
Key Terms
Restricted Stock Unit (Right to Buy), Warrant (Right to Buy), Option (Right to Buy), exercise price, +1 more
5 terms
Restricted Stock Unit (Right to Buy) financial
"security_title: "Restricted Stock Unit (Right to Buy)""
Warrant (Right to Buy) financial
"security_title: "Warrant (Right to Buy)""
Option (Right to Buy) financial
"security_title: "Option (Right to Buy)""
exercise price financial
"conversion_or_exercise_price: "0.2000""
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
"One third of the shares vested upon the initial exercise date"
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.
FAQ
What does Leef Brands (LEEEF) Form 3 disclose about the CFO’s ownership?
The Form 3 shows CFO Kevin John Wilson’s initial holdings, including 847,233 common shares and multiple equity awards over millions of underlying shares. It establishes his baseline ownership in Leef Brands as of the reported date.
What restricted stock unit position is reported for the Leef Brands (LEEEF) CFO?
The filing lists restricted stock units linked to 6,433,864 underlying common shares at a $0.20 exercise price, expiring on 2035-12-04. These RSUs represent a substantial potential equity position in addition to his direct common share holdings.
What stock options does the Leef Brands (LEEEF) CFO hold?
Kevin John Wilson holds options over 1,350,000 underlying common shares with a $0.15 exercise price, expiring on 2034-11-01. These options give him the right to buy Leef Brands shares at that price before expiration, subject to vesting terms.
What warrant holdings are disclosed for the Leef Brands (LEEEF) CFO?
The report shows warrants tied to 16,000 underlying common shares at a $0.30 exercise price, expiring on 2027-08-14. Warrants function similarly to options, providing the right to purchase common shares at a set price before expiration.
How do the Leef Brands (LEEEF) CFO’s awards vest according to the filing?
One third of the relevant shares vest on the initial exercise date, with the remaining shares vesting in two equal annual installments on each following anniversary. This schedule staggers when he can actually exercise and realize these equity rights.