Reformation (NYSE: REF) CEO holds vested options on 1.9M shares
Rhea-AI Filing Summary
Reformation Inc. insider Hali Borenstein, CEO and President, reported her initial ownership on Form 3. She holds 170,876 shares of Common Stock directly and 61,075 shares indirectly through the Borenstein Irrevocable Trust, for which she disclaims beneficial ownership except for her pecuniary interest. She also holds fully vested stock options exercisable at $6.61 per share, covering 1,934,178 underlying shares of Common Stock, expiring on May 1, 2034.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Borenstein Hali
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 1,934,178 shares (Direct);
Common Stock — 170,876 shares (Direct);
Common Stock — 61,075 shares (Indirect, By Borenstein Irrevocable Trust)
Footnotes (2)
- F1. These shares are held by Borenstein Irrevocable Trust, of which the reporting person has the power to replace the trustee. The reporting person disclaims beneficial ownership of the shares held by Borenstein Irrevocable Trust, except to the extent of her pecuniary interest therein.
- F2. These options are fully vested.
Key Figures
Direct Common Stock holdings: 170,876 shares
Indirect Common Stock holdings: 61,075 shares
Underlying shares for stock options: 1,934,178 shares
+2 more
5 metrics
Direct Common Stock holdings
170,876 shares
Total Common Stock directly owned following reported holdings
Indirect Common Stock holdings
61,075 shares
Common Stock held indirectly by Borenstein Irrevocable Trust
Underlying shares for stock options
1,934,178 shares
Underlying Common Stock for stock options held directly
Stock option exercise price
$6.61 per share
Exercise price of Stock Option (right to buy) held directly
Stock option expiration date
May 1, 2034
Expiration date for reported stock options
Key Terms
Stock Option (right to buy, Common Stock, Irrevocable Trust, beneficial ownership
4 terms
Stock Option (right to buy financial
"security_title: "Stock Option (right to buy)""
Common Stock financial
"underlying_security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Irrevocable Trust financial
"held by Borenstein Irrevocable Trust, of which the reporting person"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of the shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider ownership did REF CEO Hali Borenstein report on this Form 3?
Hali Borenstein reported 170,876 directly held Common Shares and 61,075 indirectly held through the Borenstein Irrevocable Trust. She also reported stock options over 1,934,178 underlying shares at a $6.61 exercise price, expiring May 1, 2034.
How many stock options did REF’s CEO report and at what exercise price?
Hali Borenstein reported fully vested stock options covering 1,934,178 shares of Reformation Inc. Common Stock with an exercise price of $6.61 per share. These options are scheduled to expire on May 1, 2034.
Are Hali Borenstein’s reported REF stock options vested?
Yes. A footnote states that the reported stock options are fully vested. They relate to 1,934,178 underlying shares of Common Stock with a $6.61 exercise price and an expiration date of May 1, 2034.
AI-generated analysis. How Rhea-AI works. Not financial advice.
