ReNew Energy (NASDAQ: RNW) insider updates Form 3 to reclassify 715,958 stock options
Filing Impact
Filing Sentiment
Form Type
3/A
Rhea-AI Filing Summary
ReNew Energy Global plc insider Varghese Sanjay Chacko filed an amended Form 3 to correct how his equity awards are reported. A prior filing mistakenly listed 715,958 shares as held by an ESOP; this amendment correctly classifies them as stock options. Footnotes detail option grants of 36,886, 248,672, 400,000 and 80,000 Stock Options, including how many are fully vested, exercisable, or forfeited. The amendment does not reflect new purchases or sales, only updated disclosure of existing holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Varghese Sanjay Chacko
Role
See below Remarks (a)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options (Right to Buy) — 36,886 shares (Direct, null)
Footnotes (1)
- The previously filed Form 3 inadvertantly reported 715,958 shares as held by ESOP as of March 18, 2026. This amendment is being filed to correctly report the shares as Stock Options. There is no change to the RSUs as reported or the Power of Attorney as attached to the previously filed Form 3. On August 23, 2021, the Issuer granted 36,886 Stock Options to Mr. Varghese, all of which are fully vested and exercisable as of the date hereof. On August 23, 2021, the Issuer granted 248,672 Stock Options to Mr. Varghese, all of which are fully vested and exercisable as of the date hereof. On August 23, 2021, the Issuer granted 400,000 Stock Options to Mr. Varghese, of which 390,400 Stock Options are fully vested and exercisable as of the date hereof and 9,600 Stock Options have been forfeited. On September 13, 2023, the Issuer granted 80,000 Stock Options to Mr. Varghese, of which 40,000 Stock Options are fully vested and exercisable as of the date hereof and 40,000 Stock Options have been forfeited.
Key Figures
Misclassified shares corrected: 715,958 shares
Option grant: 36,886 Stock Options
Option grant: 248,672 Stock Options
+5 more
8 metrics
Misclassified shares corrected
715,958 shares
Previously reported as ESOP, now correctly reported as Stock Options
Option grant
36,886 Stock Options
Granted August 23, 2021; fully vested and exercisable
Option grant
248,672 Stock Options
Granted August 23, 2021; fully vested and exercisable
Option grant with forfeiture
400,000 Stock Options
Granted August 23, 2021; 390,400 vested, 9,600 forfeited
Option grant with forfeiture
80,000 Stock Options
Granted September 13, 2023; 40,000 vested, 40,000 forfeited
Exercise price tier
$5.87 per share
Employee Stock Options expiring August 23, 2031
Exercise price tier
$10.00 per share
Employee Stock Options expiring August 23, 2031
Exercise price tier
$4.53–$5.33 per share
Additional Employee Stock Options expiring August 23, 2031
Key Terms
Employee Stock Options (Right to Buy), fully vested and exercisable, forfeited, ESOP, +2 more
6 terms
Employee Stock Options (Right to Buy) financial
"security_title: "Employee Stock Options (Right to Buy)""
fully vested and exercisable financial
"all of which are fully vested and exercisable as of the date hereof"
forfeited financial
"390,400 Stock Options are fully vested and exercisable ... and 9,600 Stock Options have been forfeited"
ESOP financial
"reported 715,958 shares as held by ESOP as of March 18, 2026"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
RSUs financial
"There is no change to the RSUs as reported or the Power of Attorney"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Power of Attorney regulatory
"no change to the RSUs as reported or the Power of Attorney as attached"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
FAQ
What does ReNew Energy Global (RNW) insider’s amended Form 3 change?
The amendment corrects a prior Form 3 that misclassified 715,958 shares as ESOP holdings. It now shows these positions as Stock Options and clarifies vesting and forfeiture details, without recording any new stock purchases or sales.
How many ReNew Energy Global stock options were granted on August 23, 2021?
On August 23, 2021, grants totaled 685,558 Stock Options: 36,886, 248,672 and 400,000 options. Footnotes explain that most are fully vested and exercisable, with 9,600 of the 400,000 forfeited as of the amendment date.
What is the status of the 80,000 RNW stock options granted on September 13, 2023?
The September 13, 2023 grant of 80,000 Stock Options is split evenly. Footnotes state 40,000 options are fully vested and exercisable, while the remaining 40,000 have been forfeited as of the amendment date.
What exercise prices apply to the RNW stock options held by the insider?
The derivative summary lists Employee Stock Options with exercise prices of $5.87, $10.00, $5.33 and $4.53 per Class A Ordinary Share, each tied to specific option blocks and expiration on August 23, 2031.