ParaZero Technologies (PRZO) CEO details option and RSU holdings
Rhea-AI Filing Summary
ParaZero Technologies Ltd. CEO Alon Ariel Gershon filed an initial ownership report detailing his equity interests in the company. He holds options to purchase 60,524 ordinary shares at an exercise price of 1.275 per share expiring on March 7, 2030, and additional options over 463,487 ordinary shares at the same exercise price expiring on March 1, 2031. According to the footnotes, none of these options are vested or currently exercisable; 50% of each grant vests on July 6, 2027 and March 1, 2028, respectively, with the remainder vesting quarterly thereafter, subject to continued service.
Gershon also directly holds 16,666 ordinary shares. He has two blocks of restricted share units: 83,334 RSUs vesting in 10 equal quarterly installments beginning on April 6, 2026, and 100,000 RSUs vesting in 8 equal quarterly installments beginning on June 1, 2026, each conditioned on continued service. A footnote notes that, to qualify for certain Israeli tax benefits under Section 102, securities issued under the 2022 global share incentive plan must be registered in a trustee’s name.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option to Purchase Ordinary Shares | -- | -- | -- |
| holding | Option to Purchase Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
Footnotes (1)
- These restricted share units vest in 10 equal installments on a quarterly basis beginning on April 6, 2026, subject to the Reporting Person's continued service. These restricted share units vest in 8 equal installments on a quarterly basis beginning on June 1, 2026, subject to the Reporting Person's continued service. As of the date of this Form 3, 0 options to purchase ordinary shares are vested and currently exercisable. 50% shall vest on July 6, 2027 and the remaining 50% shall vest in 8 equal installments on a quarterly basis thereafter, subject to the Reporting Person's continued service. As of the date of this Form 3, 0 options to purchase ordinary shares are vested and currently exercisable. 50% shall vest on March 1, 2028 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.
FAQ
What does ParaZero (PRZO) CEO Alon Ariel Gershon report on this Form 3?
Are ParaZero (PRZO) CEO Alon Gershon’s options currently vested or exercisable?
What is the significance of the Israeli Section 102 reference in ParaZero (PRZO) CEO’s filing?