ParaZero Technologies (PRZO) VP reports 36,315 stock options position
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
ParaZero Technologies Ltd. executive Chaya Noy Bat-Sheva, Vice President of Global Sales, filed an initial ownership report showing a stock option position. She holds an option to purchase 36,315 Ordinary Shares at an exercise price of $1.275 per share, expiring on January 3, 2031.
As of this filing, none of these options are vested or exercisable. According to the vesting schedule, 50% will vest on March 1, 2028, and the remaining 50% will vest in eight equal quarterly installments thereafter, conditioned on continued service. The options were granted under the company’s 2022 Global Share Incentive Plan and are subject to Israeli tax rules requiring trustee registration.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chaya Noy Bat-Sheva
Role
Vice President of Global Sales
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option to Purchase Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Option to Purchase Ordinary Shares — 36,315 shares (Direct)
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 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 insider position did PRZO’s Chaya Noy Bat-Sheva report on this Form 3?
Chaya Noy Bat-Sheva reported holding an option to purchase 36,315 ParaZero ordinary shares. The option is a derivative security giving her the right to buy shares at a fixed price, subject to future vesting conditions and an expiration date in 2031.
What is the exercise price and expiration date of the PRZO options reported?
The reported option has an exercise price of $1.275 per share and expires on January 3, 2031. This means she can buy ParaZero ordinary shares at $1.275, if and when the options vest, any time before the stated expiration date.
Are any of Chaya Noy Bat-Sheva’s PRZO options vested or exercisable yet?
As of this Form 3, none of the 36,315 options are vested or exercisable. The filing states that vesting begins on March 1, 2028, and then continues in eight equal quarterly installments, assuming she continues to serve the company.
What is the vesting schedule for the 36,315 PRZO options reported on the Form 3?
Fifty percent of the options vest on March 1, 2028, with the remaining 50% vesting in eight equal quarterly installments. This staged vesting schedule is tied to the reporting person’s continued service with ParaZero Technologies Ltd.
Under which equity plan were the reported PRZO options granted?
The options were issued under the ParaZero Technologies Ltd. Global Share Incentive Plan (2022). To qualify for certain Israeli tax benefits under Section 102, these plan securities must be registered in a trustee’s name rather than directly to the employee.
Why does the PRZO Form 3 mention a trustee for the employee’s securities?
The filing notes that, for Israeli Section 102 tax benefits, plan securities must be held by a trustee. This means the employee’s options or shares under the 2022 Global Share Incentive Plan are registered in the trustee’s name, even though the employee is the economic beneficiary.