NOVONIX CFO reports performance rights restructuring
NOVONIX Ltd Chief Financial Officer Robert Buell Long reported internal changes to his equity awards involving performance rights.
Rhea-AI Filing Summary
NOVONIX Ltd Chief Financial Officer Robert Buell Long reported internal changes to his equity awards involving performance rights. On June 30, 2026, three transactions coded as “J” (Other acquisition or disposition) affected a total of 4,576,670 performance rights tied to ordinary shares, all at a reported price of $0.00 per right. Each line shows zero performance rights remaining of that series following the transactions, and no ordinary share purchases or sales were reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 4,576,670 shares
Other
3 txns
Insider
Long Robert Buell
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Performance rights | 1,363,398 | $0.00 | $0.00 |
| Other | Performance rights | 2,069,142 | $0.00 | $0.00 |
| Other | Performance rights | 1,144,130 | $0.00 | $0.00 |
Holdings After Transaction:
Performance rights — 0 contracts (Direct)
Key Figures
Restructured performance rights: 4,576,670 rights
Performance rights block 1: 1,144,130 rights
Performance rights block 2: 2,069,142 rights
+3 more
6 metrics
Restructured performance rights
4,576,670 rights
Total J-code restructuring transactions on June 30, 2026
Performance rights block 1
1,144,130 rights
Exercise 12/31/2026; expire 12/31/2027; $0.00 price
Performance rights block 2
2,069,142 rights
Exercise 12/31/2028; expire 12/31/2029; $0.00 price
Performance rights block 3
1,363,398 rights
Exercise 12/31/2027; expire 12/31/2028; $0.00 price
Reported price per right
$0.00 per right
All three J-code performance rights transactions
Post-transaction performance rights (each block)
0 rights
Total performance rights of each reported series following transactions
Key Terms
Performance rights, Other acquisition or disposition, Derivative securities, Form 4, +2 more
6 terms
Performance rights financial
"security_title: "Performance rights" and underlying ordinary shares"
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.
Other acquisition or disposition financial
"transaction_code_description: "Other acquisition or disposition" for code J"
Derivative securities financial
"transaction_type: "derivative" for the reported performance rights"
Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) for NOVONIX Ltd"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Exercise date financial
"fields labeled exercise_date for the performance rights blocks"
Expiration date financial
"fields labeled expiration_date for the performance rights blocks"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did NOVONIX (NVX) report for its CFO on this Form 4?
NOVONIX reported that CFO Robert Buell Long had three transactions involving performance rights on June 30, 2026. All were coded “J” for other acquisition or disposition and related to derivative performance rights linked to ordinary shares, with no reported open-market share purchases or sales.
How many NOVONIX (NVX) performance rights were affected in the CFO’s Form 4 filing?
The filing shows restructuring-related transactions involving a total of 4,576,670 performance rights. These comprise separate blocks of 1,144,130, 2,069,142 and 1,363,398 performance rights, each tied to ordinary shares, all reported at a transaction price of $0.00 per right.
What does transaction code “J” mean in the NOVONIX (NVX) CFO Form 4?
In this Form 4, transaction code “J” is described as an “Other acquisition or disposition.” It typically reflects internal restructurings or reclassifications of derivative awards, rather than standard open-market buying or selling of the company’s ordinary shares.
What is the exercise and expiration timing of the NOVONIX (NVX) CFO’s affected performance rights?
The performance rights blocks carried different schedules. One block had an exercise date of December 31, 2026 and expiration December 31, 2027; another exercised December 31, 2027 and expired December 31, 2028; the third exercised December 31, 2028 and expired December 31, 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
