Nova Minerals (NVA) finance director discloses stock and option stakes
Rhea-AI Filing Summary
Nova Minerals Corp director and finance officer Bentley Craig filed an initial ownership report detailing his common stock and option positions. He holds 188,306 shares of common stock directly, plus 52,804 shares indirectly through Speedy Investments Pty Ltd and 61,000 shares indirectly through Kerse Pty Ltd, where he has voting and investment control. He also indirectly holds stock options over 260,416 underlying common shares at an exercise price of 3.8100, converted from A$0.45 per share. According to the disclosure, 72,916 of these option shares are already vested and exercisable, while the remainder vest upon specified operational and/or sales milestones, contingent on his continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Bentley Craig
Role
Director of Finance & Compl.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 260,416 shares (Indirect, By Kerse Pty Ltd);
Common Stock — 188,306 shares (Direct);
Common Stock — 61,000 shares (Indirect, By Kerse Pty Ltd);
Common Stock — 52,804 shares (Indirect, By Speedy Investments Pty Ltd)
Footnotes (6)
- F1. Represents common stock and the number of shares of common stock underlying Chess Depositary Interests ("CDIs") as converted on a 1:12 common stock to CDI ratio pursuant to a scheme of arrangement, completed on June 16, 2016 (the "Scheme") between Nova Minerals Ltd., an Australian public company and predecessor to the Issuer ("Predecessor"). The CDIs are traded on the Australian Securities Exchange (the "ASX") and are held by CHESS Depositary Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX.
- F2. As a director of this entity, the reporting person has voting and investment control over the reported shares of common stock.
- F3. 72,916 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 employment by the reporting person.
- F4. These stock options were originally rights to receive ordinary shares of the Predecessor. Under the Scheme, the stock options became rights to be issued shares of Common Stock of the Issuer in the ratio of one share ofCommon Stock for every 12 ordinary shares of Predecessor to which the holder would otherwise have been entitled.
- F5. 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.
- F6. As a director of this entity, the reporting person has voting and investment control over the underlying shares of common stock.
Key Figures
Direct common shares: 188,306 shares
Indirect shares via Speedy Investments: 52,804 shares
Indirect shares via Kerse Pty Ltd: 61,000 shares
+5 more
8 metrics
Direct common shares
188,306 shares
Common Stock held directly by Bentley Craig
Indirect shares via Speedy Investments
52,804 shares
Common Stock held indirectly by Speedy Investments Pty Ltd
Indirect shares via Kerse Pty Ltd
61,000 shares
Common Stock held indirectly by Kerse Pty Ltd
Underlying shares in options
260,416 shares
Common shares underlying stock options held indirectly
Option exercise price
3.8100 per share
Converted from A$0.45 using FX and 12:1 ratio
Vested option shares
72,916 shares
Portion of underlying option shares fully vested and exercisable
CDI conversion ratio
1:12
Common stock to Chess Depositary Interest ratio under scheme
Original exercise price
A$0.45 per share
Predecessor ordinary share option price before conversion
Key Terms
Chess Depositary Interests ("CDIs"), scheme of arrangement, stock options (Right to Buy), exercise price, +1 more
5 terms
Chess Depositary Interests ("CDIs") financial
"Represents common stock and the number of shares of common stock underlying Chess Depositary Interests ("CDIs") as converted on a 1:12 common stock to CDI ratio"
scheme of arrangement financial
"as converted on a 1:12 common stock to CDI ratio 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.
stock options (Right to Buy) financial
"Stock Options (Right to Buy) with underlying security title Common Stock and an exercise price of 3.8100"
exercise price financial
"The exercise price was converted from A$0.45, which reflects the 12:1 consolidation ratio"
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.
operational and/or sales milestones financial
"The remaining shares underlying these stock options will vest upon the completion of certain operational and/or sales milestones"
FAQ
What does Bentley Craig’s Form 3 filing for Nova Minerals (NVA) show?
The Form 3 shows Bentley Craig’s existing ownership in Nova Minerals common stock and options, including direct and indirect stakes. It establishes his baseline holdings as a director and officer, not new share purchases or sales.
How many of Bentley Craig’s Nova Minerals (NVA) options are vested?
The filing states that 72,916 of the underlying option shares are fully vested and exercisable. The remaining option shares vest only after certain operational and/or sales milestones are achieved and depend on Craig’s continuing employment.
What is the CDI conversion ratio mentioned in Nova Minerals (NVA) Form 3 footnotes?
The footnotes explain that the reported common stock includes shares underlying Chess Depositary Interests (CDIs), converted using a 1:12 common stock to CDI ratio. CDIs trade on the Australian Securities Exchange and represent beneficial interests in underlying shares.
How was the Nova Minerals (NVA) stock option exercise price determined in the filing?
The exercise price of 3.8100 was derived from an original A$0.45 price, reflecting a 12:1 consolidation ratio and an exchange rate published by the Reserve Bank of Australia. The actual exercise amount for holders is based on the Australian dollar price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
