Immutep (IMMP) CDO lists 3.8M shares and KPI‑linked rights
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
IMMUTEP Ltd Chief Development Officer Christian Mueller filed an initial ownership report showing he directly holds 3,774,048 Ordinary Shares. This Form 3 establishes his baseline equity position as a company officer.
Mueller also holds three tranches of performance rights over 1,400,000 Ordinary Shares in total, each with a zero exercise price. Footnotes state 466,667 performance rights are scheduled to vest on December 1, 2026 and another 466,667 on December 1, 2027, while 466,666 are scheduled to vest on December 1, 2028. Vesting of the latter two tranches depends on him achieving specified key performance indicators at each applicable vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Mueller Christian
Role
Chief Development Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance rights (right to receive) | -- | -- | -- |
| holding | Performance rights (right to receive) | -- | -- | -- |
| holding | Performance rights (right to receive) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Performance rights (right to receive) — 466,667 shares (Direct);
Ordinary Shares — 3,774,048 shares (Direct)
Footnotes (1)
- Granted on December 5, 2024. 466,667 performance rights will vest on December 1, 2026 and the vesting of the remaining 933,333 performance rights is dependent on Mr. Mueller achieving key performance indicators at the applicable vesting date. Granted on December 5, 2024. 466,667 performance rights will vest on December 1, 2027 and the vesting of the remaining 466,666 performance rights is dependent on Mr. Mueller achieving key performance indicators at the applicable vesting date. Granted on December 5, 2024. 466,666 performance rights will vest on December 1, 2028 and the vesting is dependent on Mr. Mueller achieving key performance indicators at the applicable vesting date.
Key Figures
Ordinary Shares held: 3,774,048 shares
Performance rights tranche 1: 466,667 underlying shares
Performance rights tranche 2: 466,667 underlying shares
+4 more
7 metrics
Ordinary Shares held
3,774,048 shares
Direct holdings after reported Form 3 entries
Performance rights tranche 1
466,667 underlying shares
Performance rights vesting on December 1, 2026
Performance rights tranche 2
466,667 underlying shares
Performance rights vesting on December 1, 2027 subject to KPIs
Performance rights tranche 3
466,666 underlying shares
Performance rights vesting on December 1, 2028 subject to KPIs
Total performance rights
1,400,000 underlying shares
Sum of three performance-rights tranches reported
Exercise price of performance rights
$0.0000 per share
Exercise/conversion price for performance rights
Performance rights expiration
December 5, 2029
Expiration date for reported performance rights
Key Terms
Performance rights, Ordinary Shares, vesting, key performance indicators, +1 more
5 terms
Performance rights financial
"Performance rights (right to receive) over Ordinary Shares with zero exercise price"
Performance rights are conditional awards that give employees or executives the promise of receiving company shares or cash only if the business meets specific targets or survives for a set period. They work like a bonus you only get when certain goals are hit, so they matter to investors because they can increase the number of shares outstanding (dilution), signal management’s incentives and confidence in future results, and affect per-share earnings and valuation.
vesting financial
"466,667 performance rights will vest on December 1, 2026 and others later"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
key performance indicators financial
"Vesting of remaining performance rights is dependent on achieving key performance indicators"
Key performance indicators are specific measurements used to track how well a person, team, or organization is achieving its goals. They act like report cards, providing clear signs of progress or areas needing improvement. For investors, KPIs help assess the health and future potential of a business by highlighting its most important strengths and challenges.
exercise price financial
"Performance rights are reported with an exercise price of 0.0000"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What does Christian Mueller’s Form 3 filing for IMMUTEP (IMMP) show?
The filing shows Chief Development Officer Christian Mueller directly holds 3,774,048 Ordinary Shares. It also discloses 1,400,000 performance rights over Ordinary Shares, vesting between 2026 and 2028, some of which depend on meeting key performance indicators at future vesting dates.
What performance rights does IMMUTEP (IMMP) grant to Christian Mueller?
Mueller holds performance rights over 1,400,000 Ordinary Shares with a zero exercise price. These are split into three tranches: 466,667 underlying shares, another 466,667, and 466,666, each represented as performance rights that may vest on different future dates if conditions are met.
When do Christian Mueller’s IMMUTEP (IMMP) performance rights vest?
Footnotes state 466,667 performance rights vest on December 1, 2026, another 466,667 vest on December 1, 2027, and 466,666 vest on December 1, 2028. The 2027 and 2028 tranches vest only if Mueller achieves specified key performance indicators at each vesting date.
Are IMMUTEP (IMMP) performance rights for Christian Mueller subject to conditions?
Yes. While 466,667 performance rights vest on December 1, 2026, vesting of 933,333 remaining rights depends on Mueller achieving key performance indicators at the applicable vesting dates in 2027 and 2028, as described in the Form 3 footnotes attached to those grants.
What is the exercise price of Christian Mueller’s IMMUTEP (IMMP) performance rights?
The performance rights reported for Christian Mueller have a stated exercise price of 0.0000. This means no cash payment is required to convert vested rights into Ordinary Shares, subject to satisfaction of any vesting conditions and key performance indicator requirements described in the accompanying footnotes.