Nova Minerals director reports 104,166 option rights
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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
Footnotes (4)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. The reporting person has voting and investment control due to being a beneficiary of a family trust.
Key Figures
Key Terms
Stock Options (Right to Buy) financial
exercise price financial
vested and exercisable financial
family trust financial
scheme of arrangement financial
FAQ
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What did Nova Minerals (NVA) director Richard Beazley report on this Form 3?
What is the exercise price and expiry of Richard Beazley’s Nova Minerals (NVA) options?
How much of Beazley’s Nova Minerals (NVA) option grant is currently vested?
How are Richard Beazley’s Nova Minerals (NVA) options held and who controls them?
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