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MDxHealth (NASDAQ: MDXH) CCO reports multi-year share option grants

(Neutral)
(Neutral)
Form Type
3

Rhea-AI Filing Summary

MDxHealth SA Chief Commercial Officer John Bellano filed an initial statement of beneficial ownership showing multiple share option awards over ordinary shares. The filing lists option grants from June 2019 through March 2025, with exercise prices ranging from 12.40 Euros to $1.47 per share and expirations between 2029-07-24 and 2035-04-11.

Several grants vest in three equal installments on each of the first three anniversaries of the grant date, while others vest upon the achievement of Company performance criteria evaluated by the Board of Directors at the end of specified performance periods. All positions are reported as held directly and relate to options, not current share trades.

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Insider Bellano John
Role Chief Commercial Officer
Type Security Shares Price Value
holding Share Option -- -- --
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Holdings After Transaction: Share Option — 555,200 shares (Direct)
Footnotes (12)
  1. F1. Represents options to purchase ordinary shares at a price per share of 12.40 Euros granted on June 17, 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.
  2. 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 vest in three equal installments on each of the first three anniversaries of the date of grant.
  3. F3. 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.
  4. 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 vest in three equal installments on each of the first three anniversaries of the date of grant.
  5. F5. 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.
  6. 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 vest in three equal installments on each of the first three anniversaries of the date of grant.
  7. F7. 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.
  8. 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 vest in three equal installments on each of the first three anniversaries of the date of grant.
  9. F9. 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.
  10. 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 vest in three equal installments on each of the first three anniversaries of the date of grant.
  11. F11. 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.
  12. F12. 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.
Option grant 2019 40,000 underlying shares Share option expiring 2029-07-24 over ordinary shares
2020 option grants 14,400 and 10,800 underlying shares Share options expiring 2030-07-15 over ordinary shares
Large 2031 option tranches 22,500 underlying shares (two grants) Share options expiring 2031-07-03 over ordinary shares
2024 dollar-denominated options 100,000 and 65,000 underlying shares at $2.62 Options granted February 20, 2024, expiring 2034-06-22
2025 option grant 200,000 underlying shares at $1.47 Options granted March 26, 2025, expiring 2035-04-11
Euro-denominated 2022 grants Exercise price 6.84 Euros Options granted May 12, 2022, with time- and performance-based vesting
share option financial
"Represents options to purchase ordinary shares at a price per share"
ordinary shares financial
"Represents options to purchase ordinary shares at a price per share"
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
extraordinary general shareholders' meeting financial
"issued pursuant to a resolution of an extraordinary general shareholders' meeting"
A meeting of a company's shareholders called outside the regular annual meeting to decide urgent or special matters that cannot wait for the annual gathering. Like an emergency town hall, it is used to vote on significant issues such as large mergers, changes to the board, amendments to corporate bylaws, or major financing decisions, and it matters to investors because the outcomes can quickly change a company’s strategy, ownership structure, or financial prospects.
vest in three equal installments financial
"The options vest in three equal installments on each of the first three anniversaries"
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.

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FAQ

What does MDXH’s Form 3 filing show about John Bellano’s holdings?

The Form 3 shows John Bellano holds several share options over MDxHealth ordinary shares, granted from 2019 to 2025. These options carry various exercise prices, expiration dates, and vesting schedules tied to time-based vesting and Company performance criteria.

What are the key exercise prices in John Bellano’s MDXH share options?

Bellano’s options include exercise prices of 12.40, 8.00, 13.75, 6.84 and 2.90 Euros, plus $2.62 and $1.47 per share. Each price corresponds to specific grant dates and extraordinary general shareholders’ meeting approvals detailed in the filing’s footnotes.

How do John Bellano’s MDXH options typically vest?

Many of Bellano’s options vest in three equal installments on each of the first three anniversaries of the grant date. Other tranches vest upon achieving Company performance criteria that are evaluated by the Board of Directors at the end of defined performance periods.

What are the expiration dates for John Bellano’s MDXH share options?

The reported options expire on dates ranging from July 24, 2029 to April 11, 2035. Each grant has a specific expiration date tied to its original approval at an extraordinary general shareholders’ meeting, as outlined in the Form 3 and accompanying footnotes.

Are John Bellano’s MDXH share options performance-based or time-based?

The filing shows a mix of time-based and performance-based options. Some grants vest over three annual installments, while others vest upon achievement of Company performance criteria that the Board of Directors evaluates at the end of designated performance periods.
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Bellano John

(Last)(First)(Middle)
CAP BUSINESS CENTER
ZONE INDUSTRIELLE DES HAUTS-SARTS

(Street)
HERSTALBELGIUM4040

(City)(State)(Zip)

BELGIUM

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026
3. Issuer Name and Ticker or Trading Symbol
MDxHealth SA [ MDXH ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Commercial Officer
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Share Option (1)07/24/2029Ordinary Shares40,000(1)D
Share Option (2)07/15/2030Ordinary Shares14,400(2)D
Share Option (3)07/15/2030Ordinary Shares10,800(3)D
Share Option (4)07/03/2031Ordinary Shares22,500(4)D
Share Option (5)07/03/2031Ordinary Shares22,500(5)D
Share Option (6)08/03/2032Ordinary Shares20,000(6)D
Share Option (7)08/03/2032Ordinary Shares20,000(7)D
Share Option (8)06/30/2033Ordinary Shares20,000(8)D
Share Option (9)06/30/2033Ordinary Shares20,000(9)D
Share Option (10)06/22/2034Ordinary Shares100,000$2.62D
Share Option (11)06/22/2034Ordinary Shares65,000$2.62D
Share Option (12)04/11/2035Ordinary Shares200,000$1.47D
Explanation of Responses:
1. Represents options to purchase ordinary shares at a price per share of 12.40 Euros granted on June 17, 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.
2. 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 vest in three equal installments on each of the first three anniversaries of the date of grant.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
9. 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.
10. 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.
11. 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.
12. 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.
/s/ Mark Busch, as attorney-in-fact for John Bellano04/13/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)