PRF Technologies (PRFX) exec chair discloses vested stock option positions
Rhea-AI Filing Summary
PRF Technologies Ltd. executive chairman Ehud Geller filed an initial Form 3 showing his derivative holdings in employee stock options over ordinary shares. The filing lists several option grants under the 2019 PainReform Option Plan, fully vested on their respective grant dates, with exercise prices ranging from 0.0500 to 5400.0000 and expirations between 2031 and 2035. These entries reflect existing option positions rather than new purchases or sales.
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FAQ
What does the PRFX Form 3 filed by Ehud Geller show?
The Form 3 shows Ehud Geller’s existing holdings of employee stock options over PRF Technologies ordinary shares. It lists multiple fully vested grants under the 2019 PainReform Option Plan, detailing exercise prices, underlying share amounts and option expiration dates, but no new purchases or sales.
Does the PRFX Form 3 indicate that Ehud Geller bought or sold shares?
No. The Form 3 lists option holdings only, with transactions classified as “holding” and no buy or sell codes. It describes pre-existing employee stock option grants, including their exercise prices and expiration dates, rather than any open-market share purchases or sales.
What types of securities are reported in the PRFX Form 3?
The filing reports Employee Stock Options (Right to Buy) linked to PRF Technologies ordinary shares. Each line shows an option grant’s underlying share amount, exercise price, expiration date and vesting status, all held directly by Ehud Geller as part of his compensation.
Are the stock options in the PRFX Form 3 vested?
Yes, the footnotes state that option grants dated February 23 2021, July 18 2024, October 10 2024 and February 20 2025 are fully vested. A June 8 2023 grant is mostly vested, with a small remaining portion scheduled to vest on June 8 2026.
Under which plan were Ehud Geller’s PRFX options granted?
The options were granted under the 2019 PainReform Option Plan. Footnotes explain that, to qualify for tax benefits under Section 102 of the Israeli Tax Ordinance, securities issued to an employee under this plan must be registered in the name of a trustee.
How long do Ehud Geller’s PRFX options remain exercisable?
The options reported have expiration dates ranging from 2031-02-23 to 2035-02-20, depending on the specific grant. This gives a multi‑year window during which Geller may exercise these rights to buy PRF Technologies ordinary shares at the stated exercise prices.