Maris Tech (MTEK) COO details existing stock option awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Maris Tech Ltd. executive Carmela Bastiker, the Chief Operating Officer, filed an initial insider report showing existing stock option holdings. She holds options to buy 31,838 ordinary shares at an exercise price of 1.0000 per share, expiring on February 3, 2027, and options to buy another 31,838 ordinary shares at 1.0600 per share, expiring on January 14, 2029. The footnotes explain that the first grant was made on February 4, 2022 and the second on January 15, 2024, with each grant vesting 50% after 24 months and the remaining 50% in eight equal quarterly installments of 6.25% each.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bastiker Carmela
Role
Chief Operating 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 the Maris Tech (MTEK) Form 3 filing by Carmela Bastiker show?
The Form 3 shows Chief Operating Officer Carmela Bastiker reporting existing stock option holdings. She holds two option grants over 31,838 ordinary shares each, with exercise prices of 1.0000 and 1.0600 per share and staggered vesting schedules.
What are the exercise prices and expirations of Maris Tech (MTEK) COO’s options?
One option grant has an exercise price of 1.0000 per share and expires on February 3, 2027. The second grant has an exercise price of 1.0600 per share and expires on January 14, 2029, according to the disclosed derivative holdings.
How do Carmela Bastiker’s Maris Tech (MTEK) options vest over time?
Each option grant vests on a similar schedule. 50% of the options vest 24 months after the respective grant date, and the remaining 50% vest in eight quarterly installments of 6.25% each, as described in the footnotes.
Are there buy or sell transactions reported in this Maris Tech (MTEK) Form 3?
The Form 3 reflects holdings of stock options, not open-market purchases or sales. The entries describe existing derivative positions and their vesting terms, rather than new buy or sell transactions in Maris Tech ordinary shares by the Chief Operating Officer.