Revel Michel (NCEL) discloses NewcelX share and option stakes
Rhea-AI Filing Summary
NewcelX Ltd. CSO and director Revel Michel filed an initial ownership report. He directly holds 940,787 ordinary shares and options on 9,117 ordinary shares at an exercise price of $7.6200 expiring on November 4, 2035. As of this filing, 759 option shares are vested and exercisable, with the remainder vesting in 11 equal quarterly installments beginning May 4, 2026, subject to his continued service. Certain option grants are held through a trustee to qualify for Israeli tax benefits under Section 102 of the Israeli Tax Ordinance.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Revel Michel
Role
CSO and Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option to Purchase Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Option to Purchase Ordinary Shares — 9,117 shares (Direct);
Ordinary Shares — 940,787 shares (Direct)
Footnotes (2)
- F1. As of the date of this Form 3, options to purchase 759 ordinary shares are vested and currently exercisable. The remaining options vest and become exercisable beginning on May 4, 2026 in 11 equal installments on a quarterly basis, subject to the Reporting Person's continued service.
- F2. To qualify for certain tax benefits under Section 102 of the Israeli Tax Ordinance, securities issued to an employee in connection with the NewcelX Ltd. Share Option Plan Regulation 2021 must be registered in the name of a trustee.
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FAQ
What does Revel Michel’s Form 3 filing for NewcelX Ltd. (NCEL) show?
The Form 3 shows CSO and director Revel Michel’s initial ownership in NewcelX. He holds 940,787 ordinary shares directly plus options on 9,117 ordinary shares, providing a detailed snapshot of his equity stake at the reporting date.
What stock options does Revel Michel hold in NewcelX (NCEL)?
He holds options to purchase 9,117 NewcelX ordinary shares at an exercise price of $7.6200, expiring November 4, 2035. These options give him the right, but not obligation, to buy additional shares at that price before expiration.
How are Revel Michel’s NewcelX (NCEL) options vesting over time?
As of the Form 3 date, options for 759 ordinary shares are vested and exercisable. The remaining options vest in 11 equal quarterly installments beginning May 4, 2026, conditional on his continued service with NewcelX throughout the vesting period.
Why are some NewcelX (NCEL) options held through a trustee for Revel Michel?
To qualify for tax benefits under Section 102 of the Israeli Tax Ordinance, securities issued under the NewcelX Ltd. Share Option Plan Regulation 2021 must be registered in a trustee’s name, so certain options are held by a trustee on his behalf.