ONDS director reports large option exercise and sale in Form 4
Rhea-AI Filing Summary
Ondas Holdings Inc. (ONDS) director Form 4 filing reports a large option exercise and sale. On 11/26/2025, the reporting person exercised stock options for 850,000 shares of common stock at an exercise price of $2.69 per share and then sold 850,000 shares of common stock at a weighted average price of $7.9123 per share. After these transactions, the reporting person reported owning 0 shares of common stock directly and 2,026,944 stock options with a $2.69 exercise price.
The stock options were originally granted on 01/07/2025 for 2,876,944 shares with a $2.69 exercise price and an expiration date of 01/07/2030. The vesting schedule tied vesting to time-based service as a director and a valuation milestone where the Company’s average share price reached $5.00 or more, and the options are reported as fully vested and exercisable as of the report date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 850,000 | $2.69 | $2.29M |
| Exercise | Common Stock | 850,000 | $2.69 | $2.29M |
| Sale | Common Stock | 850,000 | $7.9123 | $6.73M |
| Grant/Award | Stock Option (right to buy) | 2,876,944 | $0.00 | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.70 to $8.235, inclusive. The reporting person undertakes to provide to Ondas Holdings Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. (i) 66.67% of these stock option vested and were exercisable on the earlier of (A) a quarterly basis over a two year period following the grant date or (B) the expiration of a 30-day period in which the average price per share of the Company's common stock, par value $0.0001, was $5.00 or more (the "Valuation Milestone"), and (ii) 33.33% of these stock option vested and were exercisable upon the Company achieving the Valuation Milestone, provided that the reporting person was a director of the Company on the applicable vesting dates, as reported on the Company's Current Report on Form 8-K filed January 13, 2025. All stock option granted to the reporting person shall have vested in full immediately upon a change in control. The stock option has vested and is exercisable as of the date hereof.
FAQ
What did the Ondas Holdings (ONDS) director report in this Form 4?
The director reported exercising stock options for 850,000 shares of Ondas Holdings common stock at an exercise price of $2.69 per share and selling 850,000 shares at a weighted average price of $7.9123 per share on 11/26/2025.
What are the key terms of the Ondas Holdings (ONDS) stock option grant in this Form 4?
The stock option grant, dated 01/07/2025, covers 2,876,944 shares of common stock at an exercise price of $2.69 per share, with an expiration date of 01/07/2030. The option is reported as fully vested and exercisable.
How did the vesting of the Ondas Holdings (ONDS) director’s options work?
According to the explanation, 66.67% of the stock option vested based on time (quarterly over two years or after a valuation milestone), and 33.33% vested upon the company achieving a $5.00 per-share valuation milestone, subject to continued service as a director. All options would vest upon a change in control.
What does the weighted average sale price mean in this Ondas Holdings (ONDS) Form 4?
The reported sale price of $7.9123 per share is a weighted average. The shares were sold in multiple transactions at prices ranging from $7.70 to $8.235 per share, and detailed trade breakdowns are available from the reporting person upon request.
What is the relationship of the reporting person to Ondas Holdings (ONDS)?
The reporting person is identified as a Director of Ondas Holdings Inc., and the Form 4 is filed as a Form filed by One Reporting Person.