Maris Tech (MTEK) CFO reports initial share option stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Maris Tech Ltd. Chief Financial Officer Bussy Nir filed an initial Form 3 showing holdings of two share option grants over ordinary shares. One grant covers 1,990 underlying shares at an exercise price of $1.0000 expiring on March 31, 2027, and another covers 15,919 underlying shares at $1.0600 expiring on January 14, 2029. Footnotes explain these options were granted in April 2022 and January 2024 with 50% vesting after 24 months and the rest in eight equal quarterly installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bussy Nir
Role
Chief Financial 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) — 1,990 shares (Direct)
Footnotes (1)
- Options granted on April 1, 2022. The options vest according to the following schedule: (i) 50% of the options vested twenty-four (24) months following April 1, 2022; and (ii) the remaining 50% vest in eight (8) equal quarterly installments of 6.25% each thereafter. 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) CFO Bussy Nir report on this Form 3?
The filing shows Bussy Nir’s initial beneficial ownership in Maris Tech through two share option grants. These options give rights to acquire ordinary shares at preset prices, outlining his equity-based compensation position as Chief Financial Officer in detail for investors.
What are the exercise prices of the Maris Tech (MTEK) CFO’s options?
One option grant has an exercise price of $1.0000 per share, while the second grant is exercisable at $1.0600 per share. These fixed prices determine what the CFO would pay per share if he chooses to exercise the respective options in the future.
When do the Maris Tech (MTEK) CFO’s option grants expire?
The earlier option grant expires on March 31, 2027, and the later grant expires on January 14, 2029. These expiration dates mark the last days on which the CFO can exercise each option, assuming the options have vested according to their schedules.
How do the Maris Tech (MTEK) CFO’s options vest over time?
Both grants use similar vesting structures. For each grant, 50% of the options vest 24 months after the grant date, while the remaining 50% vest in eight equal quarterly installments of 6.25% each, gradually increasing the CFO’s exercisable portion over time.