TG-17 (OBAI) director and officer discloses sizable option awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
TG-17, Inc. insider Michael Lambert files an initial ownership report showing existing option holdings. Lambert is a director and serves as Head of Commercial Operations for TG-17, Inc. (OBAI). The filing lists two equity option awards over common stock held directly.
One option award covers 231,821 shares of common stock at an exercise price of $0.4203 per share, exercisable from 02/05/2024 until 05/29/2034. A second award covers 12,500 shares at an exercise price of $1.17, exercisable from 01/01/2025 until 06/28/2035. The Form 3 simply records Lambert’s beneficial ownership of these derivative securities as of the reporting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lambert Michael Theodore IV
Role
Head of Commercial Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Equity Option Award | -- | -- | -- |
| holding | Equity Option Award | -- | -- | -- |
Holdings After Transaction:
Equity Option Award — 231,821 shares (Direct)
Footnotes (1)
FAQ
What does Michael Lambert’s Form 3 filing for OBAI disclose?
The Form 3 discloses Michael Lambert’s existing beneficial ownership of equity option awards in TG-17, Inc. It lists two direct option positions over common stock, including their exercise prices, share amounts, and long-dated expiration schedules, establishing his baseline insider holdings as of the reporting date.
What positions does Michael Lambert hold at TG-17, Inc. (OBAI)?
Michael Lambert is both a director and an officer at TG-17, Inc., serving as Head of Commercial Operations. The Form 3 links his insider status to disclosed option holdings, providing transparency into the equity-based interests tied to his leadership role at the company.
What equity option awards are reported in the OBAI Form 3 filing?
The filing lists two equity option awards over TG-17 common stock. One covers 231,821 shares at a $0.4203 exercise price, and another covers 12,500 shares at $1.17. Each award includes specified exercisability dates and expiration dates extending into the 2030s.
Are the OBAI insider option holdings reported as direct or indirect ownership?
Both equity option awards reported in the Form 3 are listed as directly owned by Michael Lambert. The ownership code is “D” for each position, and there is no stated nature of indirect beneficial ownership or related-entity attribution in the provided filing details.
Does the Form 3 for OBAI show any insider buying or selling activity?
The Form 3 reflects holdings rather than new buying or selling transactions. It records Michael Lambert’s beneficial ownership of existing equity option awards, including share counts and exercise prices, serving as an initial baseline disclosure of his derivative positions in TG-17, Inc.