NewcelX (NCEL) director reports 9,117 share options vesting through 2035
Rhea-AI Filing Summary
NewcelX Ltd. director Iohan Eran Israel filed an initial Form 3 reporting stock option holdings. He holds an option to purchase 9,117 ordinary shares with an exercise price of $7.62 per share, expiring on November 4, 2035.
As of this filing, options for 759 ordinary shares are vested and currently exercisable. The remaining options vest in 11 equal quarterly installments beginning on May 4, 2026, conditioned on his continued service. The options were issued under NewcelX’s 2021 share option plan and are held through a trustee to qualify for Israeli Section 102 tax benefits.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Iohan Eran Israel
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option to Purchase Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Option to Purchase Ordinary Shares — 9,117 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 Iohan Eran Israel report in his NewcelX (NCEL) Form 3?
He reports holding an option to purchase 9,117 NewcelX ordinary shares at an exercise price of $7.62 per share. This Form 3 is an initial statement of beneficial ownership, not a record of recent buying or selling activity.
How many NewcelX (NCEL) stock options are currently vested for Iohan Eran Israel?
As of the Form 3 date, options for 759 ordinary shares are vested and currently exercisable. The remaining portion of the 9,117-share option will vest over time in equal quarterly installments starting May 4, 2026, subject to continued service.
What is the vesting schedule of Iohan Eran Israel’s NewcelX (NCEL) options?
Beyond the 759 vested shares, the remaining options vest in 11 equal quarterly installments beginning on May 4, 2026. Vesting continues only if he remains in service with NewcelX, linking option benefits to ongoing tenure with the company.
What is the exercise price and expiration date of the NewcelX (NCEL) options?
The reported option grants the right to buy NewcelX ordinary shares at an exercise price of $7.62 per share. The option expires on November 4, 2035, providing a long-term window during which vested portions can potentially be exercised.
Why are NewcelX (NCEL) options held through a trustee for Iohan Eran Israel?
The filing notes that, under NewcelX’s 2021 share option plan, certain employee securities must be registered in a trustee’s name. This structure is designed to qualify for Israeli Section 102 tax benefits, which can provide favorable tax treatment on equity compensation.