Bao Zhoujia (LIME) reports extensive Neutron Holdings equity and convertible stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Neutron Holdings director Bao Zhoujia filed an initial ownership report showing a mix of direct and trust-held interests in Neutron Holdings, Inc. common stock and related securities.
The filing lists 703,831 shares of common stock held directly, plus indirect holdings of 59,375 shares each held by the Snow Bao 2019 Family Trust and the Sky Bao 2019 Family Trust, and 130,952 shares held by the Kailash Trust dated August 24, 2025. A footnote notes that these direct holdings include 2,665 restricted stock units that vest one year after their grant date, subject to continued service.
Indirect derivative positions include a convertible note held by the Bao Trust Dated March 10, 2020 that is convertible into 20,102 shares of common stock, a stock warrant for 1,616 shares at an exercise price of $6.72 per share expiring on June 4, 2027, and Series A-1 Preferred Stock convertible into 32,798 common shares. The preferred stock is designed to automatically convert into common stock on a one-for-one basis upon the closing of Neutron Holdings’ initial public offering.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Bao Zhoujia
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series A-1 Preferred Stock | -- | -- | -- |
| holding | Stock Warrant (Right to Buy) | -- | -- | -- |
| holding | Convertible Note | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Series A-1 Preferred Stock — 32,798 shares (Direct, null);
Stock Warrant (Right to Buy) — 1,616 shares (Indirect, By Bao Trust Dated Mar-10 2020);
Convertible Note — 20,102 shares (Indirect, By Bao Trust Dated Mar-10 2020);
Common Stock — 703,831 shares (Direct, null);
Common Stock — 130,952 shares (Indirect, By Kailash Trust dated Aug-24-2025)
Footnotes (1)
- Includes 2,665 restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Common Stock of the Issuer. The RSUs fully vest on the one-year anniversary of the grant date, subject to the Reporting Person's continuous service to the Issuer. Each share of the Issuer's convertible Preferred Stock will automatically convert into one share of Common Stock upon the closing of the Issuer's initial public offering ("IPO"). On May 7, 2020, the Issuer issued to the Reporting Person's trust, Bao Trust Dated Mar-10 2020, a convertible note with a principal amount of approximately $270,628 (the "2020 Note"). The 2020 Note accrues non-compounding interest at a rate of 4.0% per annum and matures seven years following the date of issuance, unless earlier converted pursuant to its terms. At the execution of the underwriting agreement in connection with the IPO, the outstanding principal balance of the 2020 Note plus any accrued and unpaid interest will automatically convert into shares of Common Stock at a ratio based on a conversion price equal to $340.0 million plus any consideration paid by the noteholder for the 2020 Note divided by the Issuer's fully-diluted capitalization on August 5, 2020.
Key Figures
Direct common stock holding: 703,831 shares
Snow Bao 2019 Family Trust common stock: 59,375 shares
Sky Bao 2019 Family Trust common stock: 59,375 shares
+5 more
8 metrics
Direct common stock holding
703,831 shares
Common Stock held directly as of June 30, 2026
Snow Bao 2019 Family Trust common stock
59,375 shares
Indirect Common Stock holding via Snow Bao 2019 Family Trust
Sky Bao 2019 Family Trust common stock
59,375 shares
Indirect Common Stock holding via Sky Bao 2019 Family Trust
Kailash Trust common stock
130,952 shares
Indirect Common Stock holding via Kailash Trust dated August 24, 2025
Restricted stock units (RSUs)
2,665 units
RSUs included in direct holdings, vesting one year after grant
Convertible note underlying shares
20,102 shares
Common Stock underlying convertible note held by Bao Trust Dated March 10, 2020
Stock warrant exercise price
$6.72 per share
Warrant for 1,616 common shares expiring June 4, 2027
Series A-1 Preferred underlying shares
32,798 shares
Common Stock underlying Series A-1 Preferred Stock, 1:1 IPO conversion
Key Terms
restricted stock units, convertible note, Series A-1 Preferred Stock, initial public offering, +1 more
5 terms
restricted stock units financial
"Includes 2,665 restricted stock units ("RSUs"), each of which represents a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
convertible note financial
"issued to the Reporting Person's trust ... a convertible note with a principal amount"
A convertible note is a type of loan that a company gets from investors, which can later be turned into company shares instead of being paid back in cash. It matters because it helps startups raise money quickly without setting a fixed value for the company right away, making it easier to grow and attract investors.
Series A-1 Preferred Stock financial
"security_title": "Series A-1 Preferred Stock","transaction_date""
Series A-1 preferred stock is a specific class of company shares created in an early financing round that typically gives its holders priority over common shareholders for dividends and money if the company is sold or liquidates. Think of it as a special ticket with upfront privileges — often convertible into ordinary shares and sometimes carrying voting or protective rights — so investors use it to reduce risk and preserve control compared with ordinary stock.
initial public offering financial
"will automatically convert into one share of Common Stock upon the closing of the Issuer's initial public offering"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
fully-diluted capitalization financial
"divided by the Issuer's fully-diluted capitalization on August 5, 2020"
Fully-diluted capitalization is the total number of shares that would exist if every potential share — such as stock options, warrants, convertible debt and other instruments that can be turned into stock — were converted or exercised today. Investors use it like counting every possible slice of a pie to judge how much of the company each share represents; a larger fully-diluted count can lower per-share earnings, ownership percentages and implied value.
FAQ
What does Bao Zhoujia’s Form 3 for Neutron Holdings (LIME) show?
The Form 3 shows Bao Zhoujia’s initial ownership in Neutron Holdings, including 703,831 common shares held directly and several blocks held through family trusts. It also lists convertible and preferred securities that can become additional common shares over time.
What derivatives linked to Neutron Holdings (LIME) does Bao Zhoujia report?
The filing reports a convertible note linked to 20,102 common shares, a stock warrant for 1,616 shares at a $6.72 exercise price, and Series A-1 Preferred Stock convertible into 32,798 common shares. These instruments provide potential future equity exposure beyond current stock holdings.
What are the restricted stock units disclosed for Neutron Holdings (LIME)?
The Form 3 notes 2,665 restricted stock units, each representing one Neutron Holdings common share. These RSUs fully vest on the one-year anniversary of the grant date, contingent on Bao Zhoujia continuing to provide service to the company during that period.
How does the convertible note in Bao Zhoujia’s Neutron Holdings (LIME) filing work?
A trust for Bao Zhoujia holds a 2020 convertible note with about $270,628 principal, accruing 4.0% annual interest. At the IPO underwriting agreement, principal plus accrued interest automatically convert into common shares based on a formula using a $340.0 million valuation benchmark and fully-diluted capitalization.