Silicom (SILC) EVP discloses RSUs, stock options and share holdings
Rhea-AI Filing Summary
SILICOM LTD. executive vice president of project management Yuval Karp filed a Form 3 reporting his existing equity interests in the company. He holds indirectly, through a trustee, 2,000 restricted share units (RSUs) that convert into one ordinary share each after vesting, plus an additional 7,333 RSUs that vest in three annual tranches of 2,445, 2,444 and 2,444 units starting one year after the January 29, 2026 grant date, subject to continued service. He also holds two stock option awards covering 10,000 ordinary shares each, with exercise prices of 16.4200 and 15.0100 per share that vest 50% on the second and 50% on the third anniversaries of their respective June 18, 2024 and June 18, 2025 grant dates, and remain exercisable until 2032 and 2033. In addition, he indirectly holds 2,000 ordinary shares through a trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- Each restricted share unit (RSU) represents the right to receive, following vesting, one share of the Issuer. The RSUs will vest and convert into ordinary shares, on June 14, 2026, subject to the Reporting Person's continuous service relationship with the Issuer on the vesting date. Subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date, (a) 2,445 of the RSUs will vest and convert into ordinary shares one year after the grant date (which grant date is January 29, 2026), (b) 2,444 of the RSUs will vest and convert into ordinary shares on the second annual anniversary of the grant date and (c) 2,444 of the RSUs will vest and convert into ordinary shares on the three year anniversary of the grant date. If a vesting date falls on a non-business date, the next business date shall apply. Each option represents an option to purchase one share of the Issuer's ordinary shares upon vesting. The options were granted on June 18, 2024 (the "Grant Date") and will vest as follows: (a) 50% on the second annual anniversary of the Grant Date; and (b) 50% on the third annual anniversary of the Grant Date, subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date. Each option represents an option to purchase one share of the Issuer's ordinary shares upon vesting. The options were granted on June 18, 2025 (the "Grant Date") and will vest as follows: (a) 50% on the second annual anniversary of the Grant Date; and (b) 50% on the third annual anniversary of the Grant Date subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date.