Maris Tech (MTEK) CTO discloses two option grants over ordinary shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Maris Tech Ltd. Chief Technology Officer Malka Hananya reported existing holdings of two share option awards over ordinary shares. Each option grant covers 31,838 underlying ordinary shares, with exercise prices of $1.00 and $1.06, expiring on February 3, 2027 and January 14, 2029, respectively.
The footnotes explain that the first grant was made on February 4, 2022 and the second on January 15, 2024. For both grants, 50% of the options vest 24 months after the grant date, and the remaining 50% vests in eight equal quarterly installments of 6.25% each.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Malka Hananya
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Share option (right to buy) | -- | -- | -- |
| holding | Share option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Share option (right to buy) — 31,838 shares (Direct)
Footnotes (1)
- The options granted on February 4, 2022. The options vest according to the following schedule: (i) 50% of the options vested twenty-four (24) months following February 4, 2022; and (ii) the remaining 50% vest in eight (8) equal quarterly installments of 6.25% each thereafter. The options granted on January 15, 2024. The options vest according to the following schedule: (i) 50% of the options vested twenty-four (24) months following January 15, 2024; and (ii) the remaining 50% vest in eight (8) equal quarterly installments of 6.25% each thereafter.
FAQ
What does Maris Tech (MTEK) Chief Technology Officer report on this Form 3?
Maris Tech Chief Technology Officer Malka Hananya reports existing holdings of two share option awards. Each grant relates to 31,838 underlying ordinary shares, providing the right to buy stock at preset exercise prices before their future expiration dates.
What are the exercise prices of the Maris Tech (MTEK) options held by the CTO?
The CTO’s reported share options have exercise prices of $1.00 and $1.06 per ordinary share. These fixed prices define the cost to acquire shares if the options are exercised after vesting and before their expiration dates.
When do the Maris Tech (MTEK) CTO option grants expire?
The reported share options expire on February 3, 2027 and January 14, 2029. If the CTO does not exercise vested options by these dates, the rights to purchase the corresponding ordinary shares at the stated prices will lapse.
How do the Maris Tech (MTEK) CTO options vest over time?
Both option grants follow the same vesting pattern: 50% vests 24 months after the respective grant date. The remaining 50% then vests in eight equal quarterly installments of 6.25% each, gradually increasing the portion that can be exercised.
On what dates were the Maris Tech (MTEK) CTO options originally granted?
One option grant was made on February 4, 2022, and the other on January 15, 2024. These grant dates start the vesting schedules, determining when portions of each award become exercisable over the following months and years.