Pulsenmore (PLSM) CFO discloses 7,312-share option grant on Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Pulsenmore Ltd. Chief Financial Officer Eran Hirsh filed an initial ownership report showing options to purchase 7,312 Ordinary Shares. These options have an exercise price of $6.41 per share and expire on February 1, 2033. They were granted on August 14, 2024 and vest from February 1, 2027 through February 1, 2030, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hirsh Eran
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options to Purchase Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Options to Purchase Ordinary Shares — 7,312 shares (Direct)
Footnotes (1)
- To qualify for certain tax benefits under Section 102 of the Israeli Tax Ordinance, securities issued to an employee or director in connection with the Pulsenmore Ltd. 2019 Amended Share Incentive Plan must be registered in the name of a trustee. The options were granted on August 14, 2024. The options will vest and become exercisable as follows: 1,828 options on February 1, 2027, and the remaining portion in twelve equal quarterly installments of 457 thereafter, beginning May 1, 2027 and ending February 1, 2030, in each case subject to the Reporting Person's continued service. The exercise price of this option, originally denominated in New Israeli Shekels ("NIS") in the amount of NIS 19.896, is presented in the table in U.S. dollars ("USD") based on the exchange rate reported by the Bank of Israel on March 11, 2026, which was NIS 3.106 = USD 1.00.
FAQ
What insider position does Pulsenmore (PLSM) CFO Eran Hirsh report on this Form 3?
CFO Eran Hirsh reports holding options to purchase 7,312 Ordinary Shares of Pulsenmore Ltd. These derivative securities give him the right to acquire shares at a fixed exercise price, reflecting his initial beneficial ownership position as an officer.
What are the key terms of the Pulsenmore (PLSM) options held by the CFO?
The options held by the CFO have an exercise price of $6.41 per share and expire on February 1, 2033. They relate to 7,312 underlying Ordinary Shares and represent compensation granted under Pulsenmore’s 2019 Amended Share Incentive Plan.
How do the Pulsenmore (PLSM) CFO’s options vest according to the Form 3 filing?
The options were granted on August 14, 2024 and vest over time. 1,828 options vest on February 1, 2027, with the remaining portion vesting in twelve equal quarterly installments of 457 options from May 1, 2027 through February 1, 2030, subject to continued service.
How was the Pulsenmore (PLSM) CFO option exercise price determined in the Form 3?
The exercise price was originally set at NIS 19.896 and is presented as $6.41 using a Bank of Israel exchange rate from March 11, 2026. That rate was NIS 3.106 to $1.00, converting the New Israeli Shekel-denominated grant into U.S. dollars.
Why does the Pulsenmore (PLSM) Form 3 mention a trustee for employee securities?
The filing explains that, to qualify for certain Israeli tax benefits under Section 102 of the Israeli Tax Ordinance, securities issued to an employee or director under Pulsenmore’s 2019 Amended Share Incentive Plan must be registered in the name of a trustee.