Nova Ltd. (NVMI) director reports initial RSU-based Ordinary Share holdings
Rhea-AI Filing Summary
Nova Ltd. director Zehava Simon has filed an initial ownership report for Ordinary Shares of the company. The Form 3 lists several direct holdings, with visible position sizes such as 184, 454, 546, 827 and 852 Ordinary Shares as of the reporting date.
Footnotes explain that these positions represent ordinary shares issuable upon vesting and settlement of restricted share units granted on June 23, 2022, May 18, 2023, June 20, 2024 and June 18, 2025. For the 2022–2024 grants, 25% of the RSUs vest on each anniversary of the grant date, while the 2025 grant vests 100% on its first anniversary. The filing reflects compensation-related equity awards rather than new market purchases or sales.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- Represents ordinary shares issuable upon vesting and settlement of an equivalent number of restricted share units (RSUs) granted to the Reporting Person by the Issuer on June 23, 2022, which vest in accordance with the following schedule: 25% of the RSUs will vest upon each anniversary of the grant date. Represents ordinary shares issuable upon vesting and settlement of an equivalent number of restricted share units (RSUs) granted to the Reporting Person by the Issuer on May 18, 2023, which vest in accordance with the following schedule: 25% of the RSUs will vest upon each anniversary of the grant date. Represents ordinary shares issuable upon vesting and settlement of an equivalent number of restricted share units (RSUs) granted to the Reporting Person by the Issuer on June 20, 2024, which vest in accordance with the following schedule: 25% of the RSUs will vest upon each anniversary of the grant date. Represents ordinary shares issuable upon vesting and settlement of an equivalent number of restricted share units (RSUs) granted to the Reporting Person by the Issuer on June 18, 2025, which vest in accordance with the following schedule: 100% of the RSUs will vest on the first anniversary of the grant date.
FAQ
What does Zehava Simon’s Form 3 filing for NOVA LTD. (NVMI) show?
The Form 3 shows Zehava Simon, a director of Nova Ltd., reporting initial beneficial ownership of several blocks of Ordinary Shares. These positions are tied to restricted share units (RSUs) that vest over time as part of her equity compensation.
Are there any buy or sell transactions in the NOVA LTD. (NVMI) Form 3?
No, the Form 3 does not show buy or sell transactions. It consists of holding entries only, indicating existing or issuable Ordinary Shares from RSU grants, rather than new open-market purchases or sales by the director.
How are Zehava Simon’s RSU awards for NOVA LTD. (NVMI) structured?
The RSU awards vest over time. For grants on June 23, 2022, May 18, 2023 and June 20, 2024, 25% of the RSUs vest on each anniversary of the grant date, creating a four-year vesting schedule.
What is unique about the 2025 RSU grant reported for NOVA LTD. (NVMI)?
The RSU grant dated June 18, 2025 vests differently from earlier awards. According to the disclosure, 100% of the RSUs from this grant vest on the first anniversary of the grant date, rather than vesting in annual 25% installments.