Nova Minerals (NVA) director discloses 104,166 share options via family trust
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Nova Minerals Corp director Richard Beazley reported an initial holding of stock options that give an indirect right, through his spouse and a family trust, to acquire 104,166 shares of Common Stock. The options carry a $3.81 exercise price and expire on December 23, 2028.
According to the disclosure, 20,833 of the underlying shares are already vested and exercisable, while the remaining options vest upon completion of specified operational and sales milestones, subject to his continued service. The options were converted from prior rights in Nova Minerals Ltd. under a 12:1 consolidation ratio.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Beazley Richard
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 104,166 shares (Indirect, By Spouse)
Footnotes (1)
- 20,833 of the shares underlying these stock options are fully vested and exercisable. The remaining shares underlying these stock options will vest upon the completion of certain operational and/or sales milestones, subject to continuing services provided by the reporting person. These stock options were originally rights to receive ordinary shares of Nova Minerals Ltd., an Australian public company and predecessor to the Issuer ("Predecessor"). Pursuant to a scheme of arrangement, completed on June 16, 2016 (the "Scheme"), the stock options became rights to be issued shares of Common Stock of the Issuer in the ratio of one share of Common Stock for every 12 ordinary shares of Predecessor to which the holder would otherwise have been entitled. The exercise price was converted from A$0.45, which reflects the 12:1 consolidation ratio applied in converting ordinary shares of Predecessor to shares of the Issuer's Common Stock, using the exchange rate as published by the Reserve Bank of Australia in effect on June 14, 2026. The actual exercise price will be the Australian dollar amount regardless of the exchange rate on the date of grant or of exercise. The reporting person has voting and investment control due to being a beneficiary of a family trust.
Key Figures
Underlying option shares: 104,166 shares
Vested underlying shares: 20,833 shares
Exercise price: $3.81 per share
+3 more
6 metrics
Underlying option shares
104,166 shares
Stock options on Nova Minerals Common Stock
Vested underlying shares
20,833 shares
Fully vested and exercisable portion of options
Exercise price
$3.81 per share
Converted from A$0.45 using 12:1 consolidation ratio
Option expiration
December 23, 2028
Expiry date of stock options
Consolidation ratio
12:1
Ordinary shares of predecessor to Common Stock
Predecessor exercise price
A$0.45
Original Australian dollar exercise price before conversion
Key Terms
Stock Options (Right to Buy), exercise price, vested and exercisable, family trust, +1 more
5 terms
Stock Options (Right to Buy) financial
"security_title: Stock Options (Right to Buy)"
exercise price financial
"The exercise price was converted from A$0.45"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vested and exercisable financial
"20,833 of the shares underlying these stock options are fully vested and exercisable."
family trust financial
"The reporting person has voting and investment control due to being a beneficiary of a family trust."
scheme of arrangement financial
"Pursuant to a scheme of arrangement, completed on June 16, 2016"
A scheme of arrangement is a legal agreement between a company and its shareholders or creditors to reorganize or settle debts, often to avoid bankruptcy or make big changes. It’s like a carefully planned handshake that everyone agrees to, helping the company stay afloat or improve its financial health.
FAQ
What did Nova Minerals (NVA) director Richard Beazley report on this Form 3?
Richard Beazley reported an initial holding of stock options indirectly linked to 104,166 Nova Minerals Common shares. The options are held through his spouse and a family trust, establishing his beneficial interest and voting and investment control over these derivative securities.
What is the exercise price and expiry of Richard Beazley’s Nova Minerals (NVA) options?
The options have an exercise price of $3.81 per share and expire on December 23, 2028. The price reflects a conversion from A$0.45 and a 12:1 consolidation ratio applied when predecessor Nova Minerals Ltd. securities were converted.
How much of Beazley’s Nova Minerals (NVA) option grant is currently vested?
20,833 of the shares underlying Richard Beazley’s option grant are fully vested and exercisable. The remaining underlying shares will vest only after certain operational and sales milestones are completed, and contingent on his continued service to Nova Minerals Corp.
How are Richard Beazley’s Nova Minerals (NVA) options held and who controls them?
The options are reported as indirectly owned, held by his spouse, with Beazley a beneficiary of a family trust. The filing states he has voting and investment control over these securities through that trust arrangement, clarifying his beneficial ownership.