Securitize director granted shares and stock options
Securitize Corp. director William Dawson Miller reported acquiring new equity awards rather than buying shares on the market.
Rhea-AI Filing Summary
Securitize Corp. director William Dawson Miller reported acquiring new equity awards rather than buying shares on the market. He received 16,288 Common Shares and stock options covering a total of 364,402 Common Shares at exercise prices of $0.39 and $0.59 per share. Some Common Shares are tied to an earnout that vests in thirds if the 20‑day volume‑weighted average price reaches $15.00, $20.00, and $25.00 during a specified period ending on July 1, 2031. Footnotes explain these options were issued in connection with mergers under a Business Combination Agreement, with portions already vested and the remaining options vesting quarterly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 380,690 shares
Grant/Award
3 txns
Insider
Miller William Dawson
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 142,206 | $0.00 | $0.00 |
| Grant/Award | Stock Options (Right to Buy) | 222,196 | $0.00 | $0.00 |
| Grant/Award | Common Shares | 16,288 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options (Right to Buy) — 364,402 contracts (Direct);
Common Shares — 16,288 shares (Direct)
Footnotes (4)
- F1. Represents shares of Securitize Corp. common shares ("Common Shares") related to options held by the reporting person that may become earned by and delivered to the reporting person pursuant to the earnout provided for in that certain business combination agreement, dated as of October 27, 2025, by and between Issuer, Securitize, Inc. ("Securitize"), Cantor Equity Partners II, Inc. and certain other parties thereto (the "Business Combination Agreement"). These Common Shares will generally be earned one-third on the date that the 20-day volume-weighted average price per Common Share attains $15.00, $20.00 and $25.00 over a 30-trading day period during the period beginning 90-days after the closing of the Mergers (as defined below) and ending on July 1, 2031. The Mergers were consummated on July 1, 2026. On July 1, 2026, Issuer changed its name to Securitize Corp. from Securitize Holdings, Inc.
- F2. Represents options to acquire Common Shares received by the reporting person in exchange for options to acquire shares of Securitize common stock in connection with the mergers contemplated by the Business Combination Agreement (the "Mergers").
- F3. As of July 1, 2026, these options were vested and exercisable.
- F4. As of July 1, 2026, 69,436 options were vested and exercisable, with 152,760 of these options remaining unvested. These unvested options will vest 13,887 each quarter.
Key Figures
Common Shares granted: 16,288 shares
Options at $0.59: 222,196 options at $0.59/share
Options at $0.39: 142,206 options at $0.39/share
+5 more
8 metrics
Common Shares granted
16,288 shares
Grant of Securitize Corp. Common Shares to director
Options at $0.59
222,196 options at $0.59/share
Exercise price with expiration on February 6, 2035
Options at $0.39
142,206 options at $0.39/share
Exercise price with expiration on February 13, 2032
Earnout price hurdles
$15.00, $20.00, $25.00 per share
20-day VWAP targets for earning Common Shares before July 1, 2031
Vested options
69,436 options
Vested and exercisable as of July 1, 2026
Unvested options
152,760 options
Unvested as of July 1, 2026; vest 13,887 each quarter
Quarterly vesting
13,887 options per quarter
Scheduled vesting rate for remaining options
Earnout period end
July 1, 2031
End of period to meet stock price earnout hurdles
Key Terms
earnout, Business Combination Agreement, volume-weighted average price, vested and exercisable, +2 more
6 terms
earnout financial
"may become earned by and delivered to the reporting person pursuant to the earnout provided for in that certain business combination agreement"
An earnout is a financial agreement in which part of the purchase price for a business is paid later, based on the company's future performance. It acts like a bonus system, where sellers earn extra money if the business hits certain goals, aligning their interests with the buyer’s success. Investors pay attention to earnouts because they influence the total deal value and can affect the company's future financial health.
Business Combination Agreement financial
"provided for in that certain business combination agreement, dated as of October 27, 2025, by and between Issuer, Securitize, Inc."
A business combination agreement is a detailed contract that lays out the terms for two companies to join together—covering price, how ownership will be split, the steps needed to close the deal, and what each side promises to do or avoid before closing. For investors it matters because the agreement determines potential changes in value, control, timing, and risk exposure—think of it like the playbook for a merger that shows who wins, who pays, and what could still derail the plan.
volume-weighted average price financial
"earned one-third on the date that the 20-day volume-weighted average price per Common Share attains $15.00, $20.00 and $25.00"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
vested and exercisable financial
"As of July 1, 2026, these options were vested and exercisable."
Mergers financial
"in connection with the mergers contemplated by the Business Combination Agreement (the "Mergers")."
A merger is when two companies join to form a single business, combining their assets, operations and leadership much like two households moving into one home to share resources and cut duplicate costs. For investors, mergers matter because they can change a company's future profits and risk: successful mergers may boost growth and lower costs, while failed integrations can hurt earnings, alter share counts and shift stock prices.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity did director William Dawson Miller receive in Securitize Corp. (SECZ)?
Miller received 16,288 Common Shares plus stock options on 364,402 Common Shares. These awards include options with different strike prices and expirations, and some shares are subject to performance-based earnout conditions linked to future stock price levels.
Were William Dawson Miller’s Securitize (SECZ) transactions open-market buys or sales?
They were grants and awards, not open‑market trades. The Form 4 uses transaction code "A" and describes the events as grant or award acquisitions, meaning Miller did not buy or sell shares in the market in these transactions.
What are the strike prices and expirations of Miller’s Securitize (SECZ) stock options?
Miller holds options on 222,196 Common Shares at $0.59 per share expiring on February 6, 2035, and options on 142,206 Common Shares at $0.39 per share expiring on February 13, 2032, as disclosed in the Form 4 data.
How many of Miller’s Securitize (SECZ) options were vested as of July 1, 2026?
As of July 1, 2026, 69,436 options were vested and exercisable, while 152,760 options remained unvested. The unvested portion is scheduled to vest in installments of 13,887 options each quarter, according to the footnote disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
