MMA CEO granted 1M performance rights
Mixed Martial Arts Group Ltd reported that Chief Executive Officer Nicholas John Langton, through Snowflower Holdings Pty Ltd, received an indirect grant of 1,000,000 Performance Rights on 8 May 2026 under the Company’s Employee Incentive Plan.
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Rhea-AI Filing Summary
Mixed Martial Arts Group Ltd reported that Chief Executive Officer Nicholas John Langton, through Snowflower Holdings Pty Ltd, received an indirect grant of 1,000,000 Performance Rights on 8 May 2026 under the Company’s Employee Incentive Plan.
Each Performance Right converts into one fully paid ordinary share upon vesting. Vesting occurs only if MMA group revenue exceeds US$10,000,000 in any financial year ending on or before 30 June 2029. There is no tenure or service requirement. The rights vest immediately once the revenue condition is met and lapse entirely if it is not met by that date.
Insights
CEO awarded 1M performance rights tied solely to a revenue hurdle.
The CEO of Mixed Martial Arts Group Ltd was granted 1,000,000 Performance Rights at a price of $0.00 per right, indirectly held via Snowflower Holdings Pty Ltd. Each right converts into one ordinary share if a specific performance target is achieved.
The sole condition is that MMA group revenue must exceed US$10,000,000 in any financial year ending on or before 30 June 2029. There is no service or tenure requirement, so vesting depends entirely on hitting this revenue threshold, after which rights vest immediately.
If the revenue condition is not achieved by 30 June 2029, all 1,000,000 rights lapse. This structure aligns the CEO’s potential equity gain with a clearly defined revenue milestone, but the filing does not provide context on current revenue levels or probability of achievement.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Right | 1,000,000 | $0.00 | $0.00 |
Footnotes (2)
- F1. On 8 May 2026, the reporting person was awarded 1,000,000 Performance Rights under the Company's Employee Incentive Plan. Each Performance Right converts into one fully paid ordinary share of Mixed Martial Arts Group Limited upon vesting. The sole vesting condition is a revenue condition: MMA group revenue must exceed US$10,000,000 in any financial year ending on or before 30 June 2029. There is no tenure or service requirement. Rights vest immediately upon satisfaction of the revenue condition and lapse in full if the condition is not met by 30 June 2029.
- F2. Held indirectly and solely via Snowflower Holdings Pty Ltd.
Key Figures
Key Terms
Performance Rights financial
Employee Incentive Plan financial
vesting condition financial
revenue condition financial
lapse in full financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MMA (MIXED MARTIAL ARTS GROUP LTD) disclose in this Form 4?
How many performance rights were granted to MMA’s CEO and on what terms?
What is the vesting condition for the 1,000,000 MMA performance rights?
When do the MMA CEO’s performance rights expire if the target is not achieved?
How are the MMA performance rights held by the CEO structured legally?
Does the MMA CEO need to remain employed for the performance rights to vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.