REE Automotive (NASDAQ: REE) CBO details RSU and option holdings
Rhea-AI Filing Summary
REE Automotive Ltd. Chief Business Officer Tali Miller filed an initial Form 3 showing her equity interests in the company. The filing lists several blocks of restricted stock units (RSUs) that together represent 556, 68,859 and 180,000 underlying Class A Ordinary Shares, all held directly.
Footnotes explain that RSUs granted under the 2021 Share Incentive Plan vest over multi‑year schedules, often at 8.33% per quarter after an initial period, with some grants dated May 22, 2023, September 15, 2024 and February 18, 2026. One RSU grant provides for accelerated vesting upon a change of control.
The Form 3 also reports stock options over 16,910 and 8,901 underlying Class A Ordinary Shares with an exercise price of 11.24 per share. Footnotes state these options were granted before the company’s initial public offering and are fully vested as of the reported date.
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Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Miller Tali
Role
Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 249,415 shares (Direct);
Options — 25,811 shares (Direct)
Footnotes (7)
- F1. Restricted Share Units ("RSUs") granted under REE Automotive Ltd.'s (the "Company") 2021 Share Incentive Plan ("Plan") and underlying Class A Ordinary Shares are deposited with a trustee approved by the Israeli Tax Authority for this purpose, who holds such securities in trust on behalf of the Reporting Person.
- F2. Each RSU represents the right to receive, following vesting, one share of the Company's Class A Ordinary Shares.
- F3. Unless earlier forfeited under the terms of the RSU, such RSUs will vest as follows: (a) 33.33% of the RSUs shall vest on the first year anniversary of the date of grant (which date of grant was May 22, 2023), and (b) subsequent to such first year anniversary, 8.33% of the RSUs shall vest on a quarterly basis over the course of a two year period, in accordance with the applicable terms of the RSU.
- F4. Unless earlier forfeited under the terms of the RSU, 8.33% of the RSUs shall vest on a quarterly basis over the course of a three-year period from the date of grant (which date of grant was September 15, 2024), in accordance with the applicable terms of the RSU.
- F5. Unless earlier forfeited under the terms of the RSU, 8.33% of the RSUs shall vest on a quarterly basis over the course of a three-year period from the date of grant (which date of grant was February 18, 2026), in accordance with the applicable terms of the RSU. The vesting of such RSUs shall be accelerated upon a change of control of the Company, which includes a "Merger/Sale" event, as such term is defined in the Plan.
- F6. These options were granted to the Reporting Person prior to the Company's initial public offering and are each fully vested as of the date herein.
- F7. Options included here represent those with the same date of grant, January 1, 2020, and the same expiration date, January 23, 2030, that became fully exercisable on either January 1, 2020, December 31, 2021, or March 31, 2022.
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FAQ
What does the REE Form 3 filing by Tali Miller show?
The Form 3 shows Chief Business Officer Tali Miller’s initial equity holdings in REE Automotive, including multiple restricted stock unit grants and vested stock options over Class A Ordinary Shares under the company’s 2021 Share Incentive Plan.
How many REE Automotive RSUs does Tali Miller report on Form 3?
The filing reports three RSU positions over Class A Ordinary Shares, with underlying share amounts of 556, 68,859 and 180,000. These RSUs vest over several years according to schedules described in the footnotes to the Form 3.
What are the vesting terms of Tali Miller’s RSUs at REE (REE)?
The RSUs generally vest quarterly at 8.33% over multi‑year periods. One grant vests 33.33% after one year from its May 22, 2023 grant date, then 8.33% quarterly over two years. Others vest 8.33% quarterly over three years from their grant dates.
Do any of Tali Miller’s RSUs at REE accelerate on a change of control?
Yes. One RSU grant vests 8.33% quarterly over three years from its February 18, 2026 grant date and includes accelerated vesting upon a change of control, including a Merger/Sale event as defined in REE Automotive’s 2021 Share Incentive Plan.
What stock options does Tali Miller hold according to the REE Form 3?
The Form 3 lists stock options over 16,910 and 8,901 Class A Ordinary Shares with an exercise price of 11.24 per share. Footnotes state these options were granted before REE’s IPO and are fully vested as of the reporting date.
Are Tali Miller’s REE RSUs held directly or through a trustee?
The RSUs and underlying Class A Ordinary Shares are deposited with a trustee approved by the Israeli Tax Authority, who holds them in trust on Tali Miller’s behalf under REE Automotive’s 2021 Share Incentive Plan and applicable Israeli tax rules.