OBOOK CEO reports major initial share holdings
Rhea-AI Filing Summary
OBOOK HOLDINGS INC. Chief Executive Officer Wang Chun Kai filed an initial ownership report showing significant equity in the company. He holds 3,106,795 Class A Common Shares, of which 3,000,000 are restricted stock awards granted under the 2021 Share Incentive Plan. These restricted shares vest in stages: 150,000 shares on August 8, 2025; 150,000 on August 8, 2026; 600,000 on August 8, 2027; 900,000 on August 8, 2028; and 1,200,000 on August 8, 2029, in each case conditioned on his continued service, with unvested shares forfeited if service ends before vesting. He also directly holds 36,150,000 Class B Common Shares, highlighting a large overall equity position but no new buy or sell transactions.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Shares | -- | -- | -- |
| holding | Class B Common Shares | -- | -- | -- |
Footnotes (1)
- F1. Of the 3,106,795 Class A Common Shares reported herein, 3,000,000 shares represent restricted stock awards granted pursuant to the Issuer's 2021 Share Incentive Plan. 150,000 shares vested on August 8, 2025, and the remaining shares vest in installments as follows: 150,000 shares on August 8, 2026, 600,000 shares on August 8, 2027, 900,000 shares on August 8, 2028, and 1,200,000 shares on August 8, 2029, in each case subject to the Reporting Person's continued service with the Issuer. Unvested shares are subject to forfeiture if the Reporting Person's service terminates prior to the applicable vesting date.
FAQ
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What insider ownership did OWLS CEO Wang Chun Kai report on this Form 3?
What conditions apply to vesting of the OWLS CEO’s restricted stock awards?
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