General Fusion Group Ltd. (GFUZ) VP reports major option and earnout stakes
Rhea-AI Filing Summary
Ross M. Donaldson, Senior VP, Technology Development at General Fusion Group Ltd., reports direct holdings of common shares, stock options and earnout awards. He owns 791 common shares plus options over large blocks, including 386,903 shares at $0.5300 and 174,439 shares at $8.9500, with expirations from 2027 through 2036. Some options are fully vested; others and related earnout options vest quarterly, and earnout classes convert into common shares only if the volume weighted average price reaches $15.00, $20.00 and $25.00 for 20 of 30 trading days on or before July 10, 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
17 transactions reported
Mixed
17 txns
Insider
Donaldson Ross M.
Role
Senior VP, Technology Developm
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Stock Option (right to buy) F2 | -- | -- | -- |
| holding | Stock Option (right to buy) F2 | -- | -- | -- |
| holding | Stock Option (right to buy) F3 | -- | -- | -- |
| holding | Stock Option (right to buy) F4 | -- | -- | -- |
| holding | Earnout Options (right to buy) F1, F5 | -- | -- | -- |
| holding | Earnout Options (right to buy) F1, F5 | -- | -- | -- |
| holding | Earnout Options (right to buy) F1, F5 | -- | -- | -- |
| holding | Earnout Options (right to buy) F2, F5 | -- | -- | -- |
| holding | Earnout Options (right to buy) F1, F5 | -- | -- | -- |
| holding | Earnout Options (right to buy) F3, F5 | -- | -- | -- |
| holding | Earnout Options (right to buy) F4, F5 | -- | -- | -- |
| holding | Earnout Shares F5 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 596,331 shares (Direct);
Earnout Options (right to buy) — 124,231 shares (Direct);
Earnout Shares — 162 shares (Direct);
Common Shares — 791 shares (Direct)
Footnotes (5)
- F1. Fully vested.
- F2. These options vested as to 25% of the underlying shares on the first anniversary of the original date of grant by General Fusion Inc. (the "Legacy Company"), or in the case of Earnout Options, the first anniversary of the original date of grant of the associated option award, with the remaining shares vesting in 12 substantially equal quarterly installments thereafter. All underlying shares that vested prior to the closing of the Legacy Company's business combination with Spring Valley Acquisition Corp. III (the "Business Combination") remained vested following their exchange for options of General Fusion Group Ltd. (the "Company"), and the Earnout Options associated with each option award retained the vesting history of the associated option award.
- F3. These options vested as to 50% of the underlying shares on the original date of grant by the Legacy Company, or in the case of Earnout Options, the first anniversary of the original date of grant of the associated option award, with the remaining shares vesting in 12 substantially equal quarterly installments thereafter. All underlying shares that vested prior to the closing of the Business Combination remained vested following their exchange for options of the Company, and the Earnout Options associated with each option award retained the vesting history of the associated option award.
- F4. These options vest as to 25% of the underlying shares on the first anniversary of the original date of grant by the Legacy Company, or in the case of Earnout Options, the first anniversary of the original date of grant of the associated option award, with the remaining shares vesting in 12 substantially equal quarterly installments thereafter.
- F5. Earnout Shares, including the Earnout Shares underlying the Earnout Options, consist of a substantially equal number of Class A Earnout Shares, Class B Earnout Shares, and Class C Earnout Shares, which will automatically convert into common shares of the Company if, on or before July 10, 2031, the volume weighted average price of the Company's common shares equals or exceeds each of $15.00, $20.00 and $25.00, respectively, for any 20 trading days within any period of 30 consecutive trading days.
Key Figures
Direct common shares: 791 shares
Largest option block: 386,903 shares at $0.5300
Second-largest option block: 174,439 shares at $8.9500
+3 more
6 metrics
Direct common shares
791 shares
Common Shares held directly by Ross M. Donaldson as of 2026-07-10
Largest option block
386,903 shares at $0.5300
Underlying Common Shares for stock option expiring 2035-08-06
Second-largest option block
174,439 shares at $8.9500
Underlying Common Shares for stock option expiring 2036-05-27
Earnout option block
80,604 Earnout Shares at $0.0100
Underlying Earnout Shares for earnout options expiring 2031-07-10
Direct Earnout Shares
162 shares
Earnout Shares that may convert into common shares by 2031-07-10
Earnout VWAP hurdles
$15.00, $20.00, $25.00
Share-price targets for automatic Earnout Share conversion if met by July 10, 2031
Key Terms
Earnout Options (right to buy), Earnout Shares, volume weighted average price, Business Combination, +1 more
5 terms
Earnout Options (right to buy) financial
"Security title listed as Earnout Options (right to buy) with $0.0100 exercise price"
volume weighted average price financial
"Conversion depends on the volume weighted average price of common shares reaching targets"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
Business Combination financial
"Options remained vested following their exchange after the Business Combination closing"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
substantially equal quarterly installments financial
"Remaining shares vest in 12 substantially equal quarterly installments after initial vesting"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Who is the insider reporting holdings in GFUZ on this Form 3?
The filer is Ross M. Donaldson, who serves as Senior VP, Technology Development at General Fusion Group Ltd. He reports direct ownership of common shares, stock options and various earnout-related equity awards in the company.
What are the largest stock option positions Ross M. Donaldson reports in GFUZ?
Donaldson reports options over 386,903 common shares at $0.5300 per share and another block over 174,439 shares at $8.9500, among other grants. These options have expiration dates ranging from 2027 through 2036 and are held directly.
What vesting schedules apply to Ross M. Donaldson’s GFUZ options?
Some options are noted as fully vested, while others vest 25% or 50% initially with remaining shares vesting in 12 substantially equal quarterly installments. These schedules reflect original grants by the legacy company and carried over after the business combination.