Guangzhou Sino-Israel Biotech Fund gains SLXN equity for board service
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lushi Avner reported acquisition or exercise transactions in this Form 4 filing.
Silexion Therapeutics Corp reported that Guangzhou Sino-Israel Biotech Fund, an entity associated with director Lushi Avner, received equity awards for director services. The fund was granted 9,091 ordinary shares via fully vested RSUs and 10,685 stock options. These options vest in full on the one-year anniversary of board approval and expire ten years after that approval date. An additional 1,872 stock options are reported as existing holdings with no new transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Lushi Avner
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy ordinary shares) | 10,685 | $0.00 | -- |
| Grant/Award | Ordinary Shares | 9,091 | $0.00 | -- |
| holding | Stock Option (right to buy ordinary shares) | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy ordinary shares) — 10,685 shares (Indirect, By Guangzhou Sino-Israel Biotech Fund);
Ordinary Shares — 25,399 shares (Indirect, By Guangzhou Sino-Israel Biotech Fund)
Footnotes (1)
- The transaction reported in this row consists of the grant to Guangzhou Sino-Israel Biotech Fund ("GIBF") by the Issuer of fully vested restricted share units (RSUs), which were immediately settled for underlying ordinary shares, par value $0.0135 per share ("ordinary shares|), in respect of director services provided by the Reporting Person to the Issuer. The grant was approved by the Issuer's board of directors. The Reporting Person possesses shared voting and investment authority with respect to the securities reported in this row as a result of his serving as a Managing Partner and CEO of GIBF. The equity interests of GIBF are held by various individuals and entities. The Reporting Person disclaims beneficial ownership of the securities reported in this row except to the extent of his indirect pecuniary interest therein. The transaction reported in this row consists of the grant to GIBF by the Issuer of options to purchase ordinary shares, for director services provided by the Reporting Person to the Issuer, which grant was approved by the Issuer's board of directors. The options reported in this row vest in their entirety on the one-year anniversary of, and expire on the ten-year anniversary of, the date of approval of their grant by the Issuer's board of directors. There were no transactions effected in respect of the securities reported in this row, and the holdings in this row are being included for informational purposes only.
FAQ
What insider transactions did Silexion Therapeutics (SLXN) report for Lushi Avner?
Silexion reported equity awards to Guangzhou Sino-Israel Biotech Fund, an entity associated with director Lushi Avner. The fund received 9,091 ordinary shares through vested RSUs and 10,685 stock options, all granted as compensation for director services approved by the board.
Who actually holds the SLXN securities reported in this Form 4 filing?
The securities are held by Guangzhou Sino-Israel Biotech Fund (GIBF). Lushi Avner is a Managing Partner and CEO of GIBF and shares voting and investment authority, while disclaiming beneficial ownership except for any indirect pecuniary interest described in the footnotes.
What kind of equity awards did Guangzhou Sino-Israel Biotech Fund receive from Silexion (SLXN)?
Guangzhou Sino-Israel Biotech Fund received 9,091 ordinary shares via fully vested restricted share units and 10,685 stock options to buy ordinary shares. Both grants were made by Silexion for director services and were approved by the company’s board of directors.
How do the new SLXN stock options for Guangzhou Sino-Israel Biotech Fund vest and expire?
The options granted to Guangzhou Sino-Israel Biotech Fund vest completely on the one-year anniversary of their board approval date. They then remain exercisable until their expiration on the ten-year anniversary of that same board approval date, according to the filing footnotes.
What does the Form 4 say about existing SLXN option holdings for Guangzhou Sino-Israel Biotech Fund?
The Form 4 lists a line of 1,872 stock options held indirectly by Guangzhou Sino-Israel Biotech Fund. Footnotes explain there were no transactions in those securities, and that this position is included only to provide information about current holdings in that option series.