RxSight COO exchanges options for $6.375 strike
RxSight’s COO exchanged multiple higher-priced stock options for new options at $6.375 per share under the company’s option exchange program, subject to multi-year vesting.
Rhea-AI Filing Summary
RxSight, Inc. (RXST) reported that Chief Operating Officer Ilya Goldshleger participated in an employee option exchange program on September 5, 2026. Several existing stock options with higher exercise prices, including options exercisable at $16.00, $14.95, $28.21, $46.24, and $56.07 per share, were disposed of to the issuer and replaced on specified exchange ratios with new options.
The new stock options carry a post-exchange exercise price of $6.375 per share and various vesting schedules tied to continued service under the 2021 Equity Incentive Plan. Some new grants vest monthly over 48 months from vesting commencement dates in 2023–2025, while others vest in 2027 on a 25%/75% schedule with additional monthly vesting components.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock option (right to buy) F1 | 98,367 | -- | -- |
| Disposition | Stock Option (right to buy) F3, F2 | 120,000 | -- | -- |
| Disposition | Stock Option (right to buy) F5, F4 | 92,200 | -- | -- |
| Disposition | Stock Option (right to buy) F5, F6 | 50,000 | -- | -- |
| Disposition | Stock Option (right to buy) F1, F7 | 125,000 | -- | -- |
| Grant/Award | Stock Option (right to buy) F1, F8 | 73,960 | -- | -- |
| Grant/Award | Stock Option (right to buy) F3, F9 | 104,347 | -- | -- |
| Grant/Award | Stock Option (right to buy) F5, F10 | 59,483 | -- | -- |
| Grant/Award | Stock Option (right to buy) F5, F11 | 32,258 | -- | -- |
| Grant/Award | Stock Option (right to buy) F1, F12 | 93,984 | -- | -- |
Footnotes (12)
- F1. On September 5, 2026, in connection with the Issuer's option exchange program, the Issuer exchanged the Reporting Person's outstanding option on a 1.33:1 basis with a post-exchange exercise price of $6.375 per share.
- F2. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, one forty-eighth (1/48th) of the shares subject to the option shall vest each month following the Vesting Commencement Date on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month). "Vesting Commencement Date" shall mean March 9, 2023.
- F3. On September 5, 2026, in connection with the Issuer's option exchange program, the Issuer exchanged the Reporting Person's outstanding option on a 1.15:1 basis with a post-exchange exercise price of $6.375 per share.
- F4. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, one forty-eighth (1/48th) of the shares subject to the option shall vest each month following the Vesting Commencement Date on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month). "Vesting Commencement Date" shall mean March 4, 2024.
- F5. On September 5, 2026, in connection with the Issuer's option exchange program, the Issuer exchanged the Reporting Person's outstanding option on a 1.55:1 basis with a post-exchange exercise price of $6.375 per share.
- F6. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, one forty-eighth (1/48th) of the shares subject to the option shall vest each month following the Vesting Commencement Date on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month). "Vesting Commencement Date" shall mean August 7, 2024.
- F7. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, one forty-eighth (1/48th) of the shares subject to the option shall vest each month following the Vesting Commencement Date on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month). "Vesting Commencement Date" shall mean February 27, 2025.
- F8. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, 25% of the shares subject to the option will vest on February 28, 2027 and the remaining 75% of the shares subject to the option will vest on August 31, 2027.
- F9. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, 25% of the 89,129 shares subject to the option will vest on February 28, 2027 and the remaining 75% of the 89,129 shares subject to the option will vest on August 31, 2027. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, one twenty-fourth (1/24th) of the 15,218 shares subject to the option will vest on February 28, 2027 and in equal monthly installments thereafter.
- F10. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, 25% of the 37,177 shares subject to the option will vest on February 28, 2027 and the remaining 75% of the 37,177 shares subject to the option will vest on August 31, 2027. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, one twenty-fourth (1/24th) of the 22,306 shares subject to the option will vest on February 28, 2027 and in equal monthly installments thereafter.
- F11. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, 25% of the 16,129 shares subject to the option will vest on February 28, 2027 and the remaining 75% of the 16,129 shares subject to the option will vest on August 31, 2027. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, one twenty-fourth (1/24th) of the 16,129 shares subject to the option will vest on February 28, 2027 and in equal monthly installments thereafter.
- F12. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, 25% of the 35,244 shares subject to the option will vest on February 28, 2027 and the remaining 75% of the 35,244 shares subject to the option will vest on August 31, 2027. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) through each applicable date, one twenty-fourth (1/24th) of the 58,740 shares subject to the option will vest on February 28, 2027 and in equal monthly installments thereafter.
Key Figures
Key Terms
option exchange program financial
exercise price financial
Vesting Commencement Date financial
Service Provider financial
Equity Incentive Plan financial
FAQ
What insider transaction did RxSight (RXST) report for COO Ilya Goldshleger?
What exercise prices were involved in the RxSight (RXST) option exchange for the COO?
How do the new RxSight (RXST) options granted to the COO vest?
What are the exchange ratios in RxSight’s (RXST) option exchange program for the COO?
Were the RxSight (RXST) COO’s transactions under a Rule 10b5-1 plan?
What service condition applies to the new RxSight (RXST) options for the COO?
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