ParaZero Technologies (PRZO) VP of R&D discloses option grant
Rhea-AI Filing Summary
ParaZero Technologies Ltd. filed an initial ownership report for Vice President of R&D Alon Yasovsky, showing a compensatory option position rather than any share purchase or sale. He holds options over 36,315 ordinary shares at an exercise price of 0.1414 per share, expiring on January 12, 2030.
As of this report, none of these options are vested or exercisable. According to the vesting schedule, 50% of the options will vest on December 1, 2027, and the remaining 50% will vest in eight equal quarterly installments thereafter, subject to his continued service. The filing notes that, to qualify for certain Israeli tax benefits under Section 102, securities issued under ParaZero’s 2022 Global Share Incentive Plan must be registered in the name of a trustee.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option to Purchase Ordinary Shares | -- | -- | -- |
Footnotes (1)
- As of the date of this Form 3, 0 options to purchase ordinary shares are vested and currently exercisable. 50% shall vest on December 1, 2027 and the remaining 50% shall vest in 8 equal installments on a quarterly basis thereafter, subject to the Reporting Person's continued service. To qualify for certain tax benefits under Section 102 of the Israeli Tax Ordinance, securities issued to an employee in connection with the ParaZero Technologies Ltd. Global Share Incentive Plan (2022) must be registered in the name of a trustee.