SharonAI (SHAZ) CFO details RSU incentives and indirect share stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
SharonAI Holdings Inc. filed an initial ownership report for its Chief Financial Officer, Timothy George Broadfoot. The Form 3 shows he holds various restricted stock units (RSUs) that each represent a contingent right to receive one share of SHAZ Class A Ordinary Common Stock.
Some RSUs are fully vested with no expiration date, while others vest only if the company meets specific performance or event milestones. These include a valuation above $100 million, revenue and corporate governance milestones, achieving certain GPU deployment levels, timely filing of SEC reports for fiscal year 2026, completion of debt financings before December 31, 2026, successful dual listings on Nasdaq and the Australian Stock Exchange, and full receipt of funds from the sale of TCDC. The filing also notes indirect ownership of Class A Ordinary Common Stock through Broadfoot Group Pty Ltd ATF The Broadfoot Family Trust and DSS AI Pty Ltd.
Positive
- None.
Negative
- None.
Insider Trade Summary
19 transactions reported
Mixed
19 txns
Insider
Broadfoot Timothy George
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Ordinary Common Stock | -- | -- | -- |
| holding | Class A Ordinary Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 14,657 shares (Direct);
Class A Ordinary Common Stock — 4,463 shares (Indirect, BY BROADFOOT GROUP PTY LTD ATF THE BROADFOOT FAMILY TRUST)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of SHAZ Class A Ordinary Common Stock. The restricted stock units are fully vested. The restricted stock units have no expiration date. The restricted stock units will vest upon certain exchange or sale transactions. The restricted stock units have no expiration date. The restricted stock units will vest upon the Company achieving a valuation in excess of $100 million. The restricted stock units have no expiration date. The restricted stock units will vest upon the Company achieving certain milestones with regard to the number of GPUs in service. The restricted stock units have no expiration date. The restricted stock units will vest upon the Company achieving certain revenue milestones. The restricted stock units have no expiration date. The restricted stock units will vest upon the Company achieving certain corporate governance milestones. The restricted stock units have no expiration date. The restricted stock units have no expiration date. The restricted stock units are fully vested. The restricted stock units have no expiration date. The restricted stock units are fully vested. The restricted stock units have no expiration date. The restricted stock units are fully vested. The restricted stock units have no expiration date. The restricted stock units will vest upon timely filing of certain SEC reports in 2026. The restricted stock units have no expiration date. The restricted stock units will vest upon full receipt of funds in relation to the sale of TCDC. The restricted stock units have no expiration date. The restricted stock units have no expiration date. The restricted stock units will vest on December 31, 2026 upon achieving total shareholder return based on share price of 25% in 2026. The restricted stock units will vest on March 31, 2027 upon timely filing of SEC reports for fiscal year 2026, subject to no material deficiencies being reported by the auditor by March 31, 2027. The restricted stock units will vest upon achieving dual listings on the Nasdaq Stock Market and Australian Stock Exchange. The restricted stock units have no expiration date. The restricted stock units will vest upon completion of certain debt financings prior to December 31, 2026. The restricted stock units have no expiration date.
FAQ
What does SharonAI Holdings (SHAZ) Form 3 disclose about CFO Timothy Broadfoot?
The Form 3 shows CFO Timothy Broadfoot’s initial ownership in SharonAI Holdings, mainly through restricted stock units tied to performance milestones and indirect holdings of Class A Ordinary Common Stock via Broadfoot Group Pty Ltd and DSS AI Pty Ltd.
How are Timothy Broadfoot’s RSUs at SharonAI Holdings (SHAZ) structured?
Each restricted stock unit represents a contingent right to receive one share of SHAZ Class A Ordinary Common Stock. Some units are fully vested with no expiration date, while others vest only if specific valuation, revenue, governance, GPU, listing, financing, or reporting milestones are achieved.
Which performance milestones affect RSU vesting for SharonAI Holdings (SHAZ) CFO?
Unvested RSUs may vest upon SharonAI achieving a valuation above $100 million, reaching certain revenue levels, meeting governance milestones, expanding GPUs in service, and attaining total shareholder return based on a 25% share price gain in 2026, among other specified conditions.
What listing and financing goals are tied to SharonAI (SHAZ) RSU vesting?
Some RSUs will vest only if SharonAI achieves dual listings on the Nasdaq Stock Market and Australian Stock Exchange, and upon completion of certain debt financings prior to December 31, 2026. These conditions link executive equity incentives to capital markets and funding objectives.
How do SEC reporting and audit outcomes affect SharonAI (SHAZ) RSU vesting?
Certain RSUs vest upon timely filing of SEC reports for fiscal year 2026, subject to no material deficiencies reported by the auditor by March 31, 2027. Additional units vest upon timely filing of other specified SEC reports in 2026, reinforcing compliance-focused incentives.