Similarweb CEO discloses initial share and option stakes
Rhea-AI Filing Summary
SIMILARWEB LTD. Chief Executive Officer Offer Or has filed an initial Form 3 detailing his equity holdings in the company. He directly owns 3,647,291 ordinary shares and holds multiple restricted share unit (RSU) awards that each convert into ordinary shares over time, subject to continued service.
He also holds stock options to purchase ordinary shares at exercise prices ranging from $0.40 to $3.04 per share, with expiration dates between 2028 and 2031. The RSUs generally vest 25% after one year, then in 12 equal quarterly installments beginning on specified dates, provided he remains with Similarweb or its subsidiaries.
Positive
- None.
Negative
- None.
Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
Offer Or
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options to purchase one Ordinary Share | -- | -- | -- |
| holding | Options to purchase one Ordinary Share | -- | -- | -- |
| holding | Options to purchase one Ordinary Share | -- | -- | -- |
| holding | Options to purchase one Ordinary Share | -- | -- | -- |
| holding | Ordinary shares | -- | -- | -- |
| holding | Restricted Share Units, each representing one Ordinary Share | -- | -- | -- |
| holding | Restricted Share Units, each representing one Ordinary Share | -- | -- | -- |
| holding | Restricted Share Units, each representing one Ordinary Share | -- | -- | -- |
| holding | Restricted Share Units, each representing one Ordinary Share | -- | -- | -- |
| holding | Restricted Share Units, each representing one Ordinary Share | -- | -- | -- |
| holding | Restricted Share Units, each representing one Ordinary Share | -- | -- | -- |
| holding | Restricted Share Units, each representing one Ordinary Share | -- | -- | -- |
| holding | Restricted Share Units, each representing one Ordinary Share | -- | -- | -- |
Holdings After Transaction:
Options to purchase one Ordinary Share — 2,446,619 contracts (Direct);
Ordinary shares — 3,647,291 shares (Direct);
Restricted Share Units, each representing one Ordinary Share — 991,000 shares (Direct)
Footnotes (9)
- F1. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Similarweb Ltd (the "Company"). The RSUs vest in 25% after one year period & 12 equal installments every quarter afterwards with the first vesting date on 02/15/2024, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
- F2. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Similarweb Ltd (the "Company"). The RSUs vest in 25% after one year period & 12 equal installments every quarter afterwards with the first vesting date on 02/15/2024, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
- F3. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Similarweb Ltd (the "Company"). The RSUs vest in 25% after one year period & 12 equal installments every quarter afterwards with the first vesting date on 02/15/2025, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
- F4. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Similarweb Ltd (the "Company"). The RSUs vest in 25% after one year period & 12 equal installments every quarter afterwards with the first vesting date on 02/15/2025, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
- F5. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Similarweb Ltd (the "Company"). The RSUs vest in 25% after one year period & 12 equal installments every quarter afterwards with the first vesting date on 02/15/2026, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
- F6. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Similarweb Ltd (the "Company"). The RSUs vest in 25% after one year period & 12 equal installments every quarter afterwards with the first vesting date on 02/15/2026, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
- F7. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Similarweb Ltd (the "Company"). The RSUs vest in 25% after one year period & 12 equal installments every quarter afterwards with the first vesting date on 02/15/2027, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
- F8. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Similarweb Ltd (the "Company"). The RSUs vest in 25% after one year period & 12 equal installments every quarter afterwards with the first vesting date on 02/15/2027, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
- F9. The Options are fully vested & immediately exercisable.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Offer Or’s Form 3 filing for Similarweb (SMWB) show?
The Form 3 shows Offer Or’s initial beneficial ownership in Similarweb, including 3,647,291 directly held ordinary shares plus multiple RSU and stock option awards. It establishes his baseline equity position as Chief Executive Officer at the time of the filing.
What stock options does the Similarweb (SMWB) CEO hold under this Form 3?
The CEO holds several option grants to purchase Similarweb ordinary shares at exercise prices of $0.40, $2.71 and $3.04 per share. These options have expiration dates ranging from February 2028 through January 2031, providing long-dated potential share acquisition rights.
How do Offer Or’s Similarweb (SMWB) RSUs vest over time?
The RSUs each represent one Similarweb ordinary share and generally vest 25% after one year, then in 12 equal quarterly installments. Vesting schedules begin on dates such as February 15, 2024, 2025, 2026 and 2027, conditioned on Offer Or’s continued service with the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
