Silicom (NASDAQ: SILC) VP Engineering details RSUs, options in Form 3
Rhea-AI Filing Summary
Silicom Ltd. VP Engineering David Castiel filed an initial ownership report showing indirect equity awards held by a trustee. The filing lists restricted share units covering 2,000 underlying ordinary shares that vest on June 14, 2026, and additional RSUs covering 8,000 ordinary shares vesting in three annual tranches of 2,667, 2,667 and 2,666 shares starting one year after January 29, 2026. It also shows share options over 10,000 ordinary shares at an exercise price of 16.4200 per share expiring on June 18, 2032, and further options over 15,000 ordinary shares at 15.0100 per share expiring on June 18, 2033, all subject to continued service. In addition, the report notes 2,000 ordinary shares held indirectly by a trustee.
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Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Castiel David
Role
VP Engineering
| 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 | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 10,000 shares (Indirect, By Trustee);
Share Option (right to buy) — 25,000 shares (Indirect, By Trustee);
Ordinary Shares — 2,000 shares (Indirect, By Trustee)
Footnotes (5)
- F1. Each restricted share unit (RSU) represents the right to receive, following vesting, one share of the Issuer.
- F2. 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.
- F3. Subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date, (a) 2,667 of the RSUs will vest and convert into ordinary shares one year after the grant date (which grant date is January 29, 2026), (b) 2,667 of the RSUs will vest and convert into ordinary shares on the second annual anniversary of the grant date and (c) 2,666 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
- F4. 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.
- F5. 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.
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FAQ
What does the Silicom (SILC) Form 3 filing for David Castiel show?
The Form 3 shows David Castiel’s initial indirect equity holdings in Silicom. It lists restricted share units, stock options with specific exercise prices and expirations, and ordinary shares held by a trustee, all tied to his role as VP Engineering.
What stock options does David Castiel hold in Silicom (SILC)?
He holds two indirect option grants over Silicom ordinary shares. One covers 10,000 shares at 16.4200 per share expiring on June 18, 2032. Another covers 15,000 shares at 15.0100 per share expiring on June 18, 2033, both subject to continued service.
How do David Castiel’s Silicom (SILC) RSUs vest over time?
His RSUs vest based on continued service with Silicom. One grant vests entirely on June 14, 2026. A second grant of 8,000 underlying shares vests in three annual tranches of 2,667, 2,667 and 2,666 shares starting one year after January 29, 2026.
Are David Castiel’s Silicom (SILC) holdings direct or indirect?
All reported holdings are indirect and held by a trustee. The Form 3 indicates indirect ownership for his RSUs, stock options, and 2,000 ordinary shares, with the nature of ownership explicitly described as “By Trustee” in the filing data.
What role does continued service play in David Castiel’s Silicom (SILC) awards?
Continued service is required for vesting of his equity awards. The RSUs and options vest only if he maintains a continuous service relationship with Silicom through each specified vesting date, as detailed in the footnotes to the filing.