10,000 Maris Tech (MTEK) options reported by area manager
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Maris Tech Ltd. filed an initial insider ownership report for area manager Ben Moshe Nir. He holds a share option (right to buy) over 10,000 ordinary shares with an exercise price of $3.68 per share and an expiration date of January 12, 2030.
The options were granted on January 13, 2025. According to the vesting schedule, 50% of the options vest twenty-four months after that grant date, and the remaining 50% vest in eight equal quarterly installments of 6.25% each thereafter.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ben Moshe Nir
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Share option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Share option (right to buy) — 10,000 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Option underlying shares: 10,000 shares
Exercise price: $3.68 per share
Option expiration: January 12, 2030
+3 more
6 metrics
Option underlying shares
10,000 shares
Ordinary shares underlying share option holding
Exercise price
$3.68 per share
Share option exercise price for ordinary shares
Option expiration
January 12, 2030
Expiration date of the reported share option
Grant date
January 13, 2025
Grant date of the options per footnote
Initial vesting tranche
50% of options
Vests 24 months after January 13, 2025
Subsequent vesting installments
8 installments of 6.25%
Quarterly vesting for remaining 50% of options
Key Terms
Share option (right to buy), Ordinary shares, vesting schedule, quarterly installments
4 terms
vesting schedule financial
"The options vest according to the following schedule"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
quarterly installments financial
"the remaining 50% vest in eight (8) equal quarterly installments"
FAQ
What did Maris Tech (MTEK) report in this Form 3 filing?
Maris Tech reported initial insider holdings for area manager Ben Moshe Nir. He holds a share option to acquire 10,000 ordinary shares at $3.68 per share, expiring January 12, 2030, with vesting over time according to a defined schedule.
What is the exercise price and expiration date of the Maris Tech (MTEK) option?
The insider’s share option has an exercise price of $3.68 per ordinary share and expires on January 12, 2030. These terms define the cost and time window within which the insider can choose to purchase the underlying shares.
How do the Maris Tech (MTEK) options held by the insider vest?
The options were granted January 13, 2025 and vest over time. Half of the options vest 24 months after the grant date, while the remaining half vest in eight equal quarterly installments of 6.25% each, creating a multi-year vesting period.
What role does the reporting person hold at Maris Tech (MTEK)?
The reporting person, Ben Moshe Nir, is identified as an area manager at Maris Tech. He is not listed as a director or officer, and this Form 3 focuses on his derivative holdings through a share option over company ordinary shares.