NOVONIX COO restructures 2,932,881 performance rights
NOVONIX Ltd Chief Operating Officer Dwayne Arnold Johnson reported six Form 4 transactions involving performance rights linked to ordinary shares.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
NOVONIX Ltd Chief Operating Officer Dwayne Arnold Johnson reported six Form 4 transactions involving performance rights linked to ordinary shares. All are coded as “other acquisition or disposition” (code J) and classified as restructuring transactions covering an aggregate 2,932,881 performance rights at an exercise price of $0.0000 per right. No shares were reported as bought or sold, and the transaction summary shows zero net buy or sell activity.
Insider Trade Summary
Other: 2,932,881 shares
Other
6 txns
Insider
Johnson Dwayne Arnold
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Performance rights | 1,724,285 | $0.00 | $0.00 |
| Other | Performance rights | 173,062 | $0.00 | $0.00 |
| Other | Performance rights (time based) | 258,883 | $0.00 | $0.00 |
| Other | Performance rights (Time based) | 258,884 | $0.00 | $0.00 |
| Other | Performance rights (time based) | 258,883 | $0.00 | $0.00 |
| Other | Performance rights (time based) | 258,884 | $0.00 | $0.00 |
Holdings After Transaction:
Performance rights — 0 contracts (Direct);
Performance rights (time based) — 0 contracts (Direct)
Holdings Before and After:
Performance rights, 1,897,347 to 0 contracts (Direct);
Performance rights (time based), 1,035,534 to 0 contracts (Direct)
Key Figures
Restructured performance rights: 2,932,881 performance rights
Individual performance rights block: 258,884 performance rights
Individual performance rights block: 1,724,285 performance rights
+3 more
6 metrics
Restructured performance rights
2,932,881 performance rights
Total restructuringShares in Form 4 transaction summary
Individual performance rights block
258,884 performance rights
Time-based performance rights with exercise date 2029-11-01
Individual performance rights block
1,724,285 performance rights
Performance rights with exercise date 2028-12-31
Exercise price per right
$0.0000 per right
Conversion or exercise price for all reported performance rights
Derivative transactions count
6 transactions
Total derivativeTransactionCount in transaction summary
Net buy/sell shares
0 shares
netBuySellShares from transaction summary (neutral direction)
Key Terms
Performance rights, transaction code J, derivative security, restructuringShares
4 terms
Performance rights financial
"security_title is listed as Performance rights and Performance rights (time based)"
Performance rights are conditional awards that give employees or executives the promise of receiving company shares or cash only if the business meets specific targets or survives for a set period. They work like a bonus you only get when certain goals are hit, so they matter to investors because they can increase the number of shares outstanding (dilution), signal management’s incentives and confidence in future results, and affect per-share earnings and valuation.
transaction code J regulatory
"Each transaction uses transaction_code "J" described as Other acquisition or disposition"
derivative security financial
"transaction_type is marked as derivative for all performance rights entries"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NOVONIX (NVX) report for its COO?
NOVONIX’s COO Dwayne Arnold Johnson reported six Form 4 transactions involving performance rights. These are coded as “other acquisition or disposition” (code J) and classified as restructuring, affecting 2,932,881 performance rights linked to ordinary shares with a zero exercise price.
What securities are involved in the NOVONIX (NVX) COO’s Form 4 transactions?
The transactions involve derivative securities described as performance rights, including time-based performance rights. Each right is linked to an equal number of ordinary shares, with conversion or exercise prices listed as $0.0000 and various future exercise and expiration dates disclosed.
How many performance rights were affected in NOVONIX (NVX) COO’s restructuring?
The transaction summary shows 2,932,881 performance rights involved in restructuring transactions. Individual entries include blocks such as 258,884, 258,883, 173,062, and 1,724,285 performance rights, each tied to ordinary shares, all recorded on the same transaction date in the Form 4.
What does transaction code J mean in the NOVONIX (NVX) Form 4?
Transaction code J in this Form 4 is described as “Other acquisition or disposition.” In the summary, all six derivative transactions are treated as restructuring events, rather than standard open-market buys or sells, with no net buy or sell shares reported for the COO.
Are any performance rights remaining after the NOVONIX (NVX) COO transactions?
For each reported derivative transaction, the Form 4 shows total derivative securities owned following the transaction as 0.0000. The derivative position summary is empty, indicating no remaining performance rights positions are listed in this particular filing after these restructuring entries.
AI-generated analysis. How Rhea-AI works. Not financial advice.
