MDxHealth (NASDAQ: MDXH) officer discloses extensive share option awards
Rhea-AI Filing Summary
MDxHealth SA officer Joseph Sollee filed an initial Form 3 describing his holdings of share options over ordinary shares. The filing lists multiple option grants with varying exercise prices in euros and U.S. dollars, different vesting schedules including performance-based vesting, and expirations extending through 2035.
Positive
- None.
Negative
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Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Sollee Joseph
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Share Option | -- | -- | -- |
| holding | Share Option | -- | -- | -- |
| holding | Share Option | -- | -- | -- |
| holding | Share Option | -- | -- | -- |
| holding | Share Option | -- | -- | -- |
| holding | Share Option | -- | -- | -- |
| holding | Share Option | -- | -- | -- |
| holding | Share Option | -- | -- | -- |
| holding | Share Option | -- | -- | -- |
| holding | Share Option | -- | -- | -- |
| holding | Share Option | -- | -- | -- |
Holdings After Transaction:
Share Option — 510,350 shares (Direct)
Footnotes (11)
- F1. Represents options to purchase ordinary shares at a price per share of 12.40 Euros granted on May 14, 2019 and issued pursuant to a resolution of an extraordinary general shareholders' meeting on July 24, 2019. The options vest in three equal installments on each of the first three anniversaries of the date of grant.
- F2. Represents options to purchase ordinary shares at a price per share of 8.00 Euros granted on June 24, 2020 and issued pursuant to a resolution of an extraordinary general shareholders' meeting on July 15, 2020. The options vested upon the achievement of certain Company performance criteria evaluated by the Board of Directors at the end of the relevant performance periods.
- F3. Represents options to purchase ordinary shares at a price per share of 13.75 Euros granted on June 23, 2021 and issued pursuant to a resolution of an extraordinary general shareholders' meeting on July 3, 2021. The options vest in three equal installments on each of the first three anniversaries of the date of grant.
- F4. Represents options to purchase ordinary shares at a price per share of 13.75 Euros granted on June 23, 2021 and issued pursuant to a resolution of an extraordinary general shareholders' meeting on July 3, 2021. The options vested upon the achievement of certain Company performance criteria evaluated by the Board of Directors at the end of the relevant performance periods.
- F5. Represents options to purchase ordinary shares at a price per share of 6.84 Euros granted on May 12, 2022 and issued pursuant to a resolution of an extraordinary general shareholders' meeting on August 3, 2022. The options vest in three equal installments on each of the first three anniversaries of the date of grant.
- F6. Represents options to purchase ordinary shares at a price per share of 6.84 Euros granted on May 12, 2022 and issued pursuant to a resolution of an extraordinary general shareholders' meeting on August 3, 2022. The options vested upon the achievement of certain Company performance criteria evaluated by the Board of Directors at the end of the relevant performance periods.
- F7. Represents options to purchase ordinary shares at a price per share of 2.90 Euros granted on March 21, 2023 and issued pursuant to a resolution of an extraordinary general shareholders' meeting on June 30, 2023. The options vest in three equal installments on each of the first three anniversaries of the date of grant.
- F8. Represents options to purchase ordinary shares at a price per share of 2.90 Euros granted on March 21, 2023 and issued pursuant to a resolution of an extraordinary general shareholders' meeting on June 30, 2023. The options vested upon the achievement of certain Company performance criteria evaluated by the Board of Directors at the end of the relevant performance periods.
- F9. Represents options to purchase ordinary shares at a price per share of $2.62 granted on February 20, 2024 and issued pursuant to a resolution of an extraordinary general shareholders' meeting on June 22, 2024. The options vest in three equal installments on each of the first three anniversaries of the date of grant.
- F10. Represents options to purchase ordinary shares at a price per share of $2.62 granted on February 20, 2024 and issued pursuant to a resolution of an extraordinary general shareholders' meeting on June 22, 2024. The options vested upon the achievement of certain Company performance criteria evaluated by the Board of Directors at the end of the performance periods.
- F11. Represents options to purchase ordinary shares at a price per share of $1.47 granted on March 26, 2025 and issued pursuant to a resolution of an extraordinary general shareholders' meeting on April 11, 2025. The options vest in three equal installments on each of the first three anniversaries of the date of grant.
Key Figures
Option grant size: 23,000 underlying shares
Exercise price: 12.40 Euros/share
Exercise price: 8.00 Euros/share
+4 more
7 metrics
Option grant size
23,000 underlying shares
Share option over ordinary shares expiring July 24, 2029
Exercise price
12.40 Euros/share
Options granted May 14, 2019; shareholder resolution July 24, 2019
Exercise price
8.00 Euros/share
Options granted June 24, 2020; resolution July 15, 2020
Exercise price
13.75 Euros/share
Options granted June 23, 2021; resolution July 3, 2021
Exercise price
6.84 Euros/share
Options granted May 12, 2022; resolution August 3, 2022
Recent grant size
100,000 underlying shares
Options at $2.62/share expiring June 22, 2034
Recent grant size
200,000 underlying shares
Options at $1.47/share expiring April 11, 2035
Key Terms
share option, extraordinary general shareholders' meeting, vesting, performance criteria, +1 more
5 terms
vesting financial
"The options vest in three equal installments on each of the first three anniversaries"
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.
performance criteria financial
"vested upon the achievement of certain Company performance criteria evaluated by the Board"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the MDXH Form 3 filing by Joseph Sollee report?
The Form 3 for MDxHealth SA (MDXH) reports officer Joseph Sollee’s existing share option holdings. It lists several option grants over ordinary shares, detailing exercise prices, vesting conditions, and expiration dates, but does not show any recent purchases or sales.
What are some exercise prices for Joseph Sollee’s MDXH options?
The filing shows exercise prices including 12.40 Euros, 8.00 Euros, 13.75 Euros, and 6.84 Euros for earlier grants, plus $2.62 and $1.47 per share for more recent awards, each associated with its respective grant and shareholder meeting approval dates.
How do Joseph Sollee’s MDXH options vest according to the Form 3?
Some options vest in three equal installments on each of the first three anniversaries of the grant date. Other grants vest upon achieving specified company performance criteria evaluated by MDxHealth’s Board of Directors at the end of defined performance periods.