RxSight completes 3.8M-share option exchange
RxSight completed its employee option exchange, cancelling 3.76 million option shares and issuing new options and RSUs under its 2021 Equity Incentive Plan.
Rhea-AI Filing Summary
RxSight, Inc. (RXST) reports the final results of its employee option exchange offer. The offer expired at 9:00 p.m. Pacific Time on September 4, 2026, with 205 eligible employees tendering options to purchase an aggregate of 3,761,461 shares of common stock, representing 91.9% of the shares underlying eligible options held by eligible employees.
On September 5, 2026, RxSight granted options to purchase 1,643,324 shares of common stock to its named executive officers and restricted stock units covering 760,738 shares of common stock to non-executive employees, in each case in exchange for the cancelled options and pursuant to the company’s 2021 Equity Incentive Plan.
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Key Figures
Eligible employees participating: 205 employees
Options cancelled: 3,761,461 shares
Participation rate: 91.9%
+3 more
6 metrics
Eligible employees participating
205 employees
Number of eligible employees who tendered options in the exchange offer as of expiration on September 4, 2026
Options cancelled
3,761,461 shares
Aggregate shares underlying eligible options tendered and accepted for cancellation in the exchange offer
Participation rate
91.9%
Portion of total shares underlying eligible options held by eligible employees that were tendered and cancelled
New options granted to executives
1,643,324 shares
Shares of common stock underlying new options granted to named executive officers on September 5, 2026
RSUs granted to non-executives
760,738 shares
Shares of common stock underlying RSUs granted to non-executive employees on September 5, 2026
Offer expiration time
9:00 p.m. Pacific Time
Expiration time of the Offer to Exchange on September 4, 2026
Key Terms
Exchange Offer, Eligible Options, restricted stock units, 2021 Equity Incentive Plan
4 terms
Exchange Offer financial
"The Schedule TO relates to an offer by the Company (the “Exchange Offer”)"
An exchange offer is a proposal where a company asks investors to swap existing securities, like bonds or shares, for new ones, often with different terms or maturity dates. It matters to investors because it can affect the value of their holdings and the company's financial strategy, potentially providing benefits like better interest rates or reduced debt.
Eligible Options financial
"the Company accepted for cancellation, Eligible Options to purchase an aggregate"
restricted stock units financial
"restricted stock units covering 760,738 shares of the Company’s common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Equity Incentive Plan financial
"pursuant to the terms of the Offer to Exchange and the Company’s 2021 Equity Incentive Plan"
FAQ
What did RxSight, Inc. (RXST) announce in Amendment No. 2 to its Schedule TO?
RxSight announced the final results of its employee option exchange. The offer expired on September 4, 2026, and resulted in the cancellation of options covering 3,761,461 shares of common stock and the grant of new options and RSUs under its 2021 Equity Incentive Plan.
How many new options did RxSight (RXST) grant to named executive officers after the exchange?
On September 5, 2026, RxSight granted named executive officers new options to purchase 1,643,324 shares of common stock. These options were issued in exchange for cancelled eligible options, in accordance with the terms of the Offer to Exchange and the 2021 Equity Incentive Plan.
What equity awards did RxSight (RXST) grant to non-executive employees in the exchange?
RxSight granted non-executive employees restricted stock units (RSUs) covering 760,738 shares of common stock. These RSUs were issued on September 5, 2026, in exchange for the cancellation of eligible options tendered by non-executive employees.
What proportion of eligible RxSight (RXST) options participated in the exchange offer?
The exchanged options represented approximately 91.9% of the total shares of RxSight’s common stock underlying eligible options held by eligible employees as of the offer’s expiration at 9:00 p.m. Pacific Time on September 4, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
