NovoCure (NASDAQ: NVCR) director granted RSUs and options in new equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NovoCure Ltd director Gabriel Leung received new equity awards as part of compensation. He was granted 11,610 Ordinary Shares in the form of restricted stock units at no cost, increasing his direct holdings to 101,109 Ordinary Shares.
He also received stock options for 16,999 Ordinary Shares at an exercise price of $16.15 per share, expiring on June 3, 2036. Both the restricted stock units and the options are scheduled to vest 100% on the earlier of the first anniversary of the June 3, 2026 grant date or the day immediately preceding NovoCure's 2027 annual general meeting of shareholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
LEUNG GABRIEL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 16,999 | $0.00 | -- |
| Grant/Award | Ordinary Shares | 11,610 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 16,999 shares (Direct, null);
Ordinary Shares — 101,109 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units that are scheduled to vest 100% on the earlier of the following dates: (i) the first anniversary of the grant date or (ii) the day immediately preceding the Company's 2027 annual general meeting of shareholders. Options to buy ordinary shares will fully vest and become exercisable on the earlier of the following dates: (i) the first anniversary of the grant date or (ii) the day immediately preceding the Company's 2027 annual general meeting of shareholders.
Key Figures
Restricted stock units granted: 11,610 Ordinary Shares
Shares held after grant: 101,109 Ordinary Shares
Stock options granted: 16,999 options
+2 more
5 metrics
Restricted stock units granted
11,610 Ordinary Shares
Grant of restricted stock units on June 3, 2026
Shares held after grant
101,109 Ordinary Shares
Total direct holdings following RSU grant
Stock options granted
16,999 options
Options on Ordinary Shares granted June 3, 2026
Option exercise price
$16.15 per share
Exercise price for 16,999 stock options
Option expiration date
June 3, 2036
Expiration of granted stock options
Key Terms
restricted stock units, stock options, exercise price, annual general meeting of shareholders
4 terms
restricted stock units financial
"Represents restricted stock units that are scheduled to vest 100% on the earlier of the following dates"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
stock options financial
"Options to buy ordinary shares will fully vest and become exercisable on the earlier of the following dates"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
exercise price financial
"Options to buy ordinary shares include a conversion or exercise price of 16.1500 per share"
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.
FAQ
What did NovoCure (NVCR) director Gabriel Leung receive in this Form 4 filing?
Gabriel Leung received two equity awards: 11,610 restricted stock units and stock options for 16,999 Ordinary Shares. Both awards were granted at no cash cost to him as part of his director compensation.
What are the key terms of Gabriel Leung’s NovoCure stock options?
Leung’s stock options cover 16,999 Ordinary Shares at an exercise price of $16.15 per share. These options fully vest on the specified vesting date and expire on June 3, 2036 if not exercised.
When do Gabriel Leung’s NovoCure restricted stock units and options vest?
Both the restricted stock units and stock options vest 100% on the earlier of two dates: the first anniversary of the June 3, 2026 grant date or the day immediately preceding NovoCure’s 2027 annual general meeting of shareholders.
What type of securities are covered in Gabriel Leung’s NovoCure Form 4?
The filing covers Ordinary Shares and stock options. Leung received 11,610 Ordinary Shares via restricted stock units and stock options for 16,999 Ordinary Shares, both subject to the same time-based vesting schedule.