General Fusion Group (GFUZ) founder reports option and share stakes
Rhea-AI Filing Summary
General Fusion Group Ltd. founder and CSO Michel Laberge reports his beneficial ownership in common shares, Earnout Shares and related options. He directly holds 126,978 common shares and indirectly holds 116,052 common shares reported as indirectly owned "By Ltd."
He also holds several option packages over common and earnout shares, including options over 109,706 common shares at an exercise price of $0.5300 expiring on 2035-08-06 and 116,293 shares at $8.9500 expiring on 2036-05-27. Earnout options with a $0.0100 exercise price and related Earnout Shares, including 26,448 direct and 24,174 indirect, may convert into common shares if volume weighted average price targets of $15.00, $20.00 and $25.00 are met on or before July 10, 2031.
Positive
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Negative
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Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Laberge Michel
Role
Founder and CSO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Stock Option (right to buy) F2 | -- | -- | -- |
| holding | Stock Option (right to buy) F3 | -- | -- | -- |
| holding | Stock Option (right to buy) F3 | -- | -- | -- |
| holding | Earnout Options (right to buy) F1, F4 | -- | -- | -- |
| holding | Earnout Options (right to buy) F3, F4 | -- | -- | -- |
| holding | Earnout Options (right to buy) F2, F4 | -- | -- | -- |
| holding | Earnout Shares F4 | -- | -- | -- |
| holding | Earnout Shares F4 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 299,538 shares (Direct);
Earnout Options (right to buy) — 62,401 shares (Direct);
Earnout Shares — 26,448 shares (Direct);
Earnout Shares — 24,174 shares (Indirect, By Ltd.);
Common Shares — 126,978 shares (Direct);
Common Shares — 116,052 shares (Indirect, By Ltd.)
Footnotes (4)
- F1. 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.
- F2. These options vested as to 25% of the underlying shares on the original date of grant by the Legacy Company, or in the case of Earnout Options, the original date of grant of the associated option award, and 25% of the remaining shares will vest on the first anniversary of the original date of grant, 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 twelve 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.
- F3. 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.
- F4. 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: 126,978 shares
Indirect common shares: 116,052 shares
Stock option at $0.5300: 109,706 underlying shares
+5 more
8 metrics
Direct common shares
126,978 shares
Directly owned common shares as of 2026-07-10
Indirect common shares
116,052 shares
Indirectly owned common shares reported as "By Ltd." as of 2026-07-10
Stock option at $0.5300
109,706 underlying shares
Stock Option (right to buy) at $0.5300, expiring 2035-08-06, over common shares
Stock option at $8.9500
116,293 underlying shares
Stock Option (right to buy) at $8.9500, expiring 2036-05-27, over common shares
Earnout Options at $0.0100
38,478 underlying shares
Earnout Options (right to buy) at $0.0100, expiring 2031-07-10, over Earnout Shares
Direct Earnout Shares
26,448 shares
Direct Earnout Shares that may convert into common shares by 2031-07-10
Indirect Earnout Shares
24,174 shares
Indirect Earnout Shares that may convert into common shares by 2031-07-10
Earnout VWAP thresholds
$15.00, $20.00, $25.00
Volume weighted average price triggers for Class A, B and C Earnout Shares by July 10, 2031
Key Terms
Earnout Options, Earnout Shares, volume weighted average price, Business Combination, +1 more
5 terms
Earnout Options financial
"Earnout Options (right to buy) with exercise price $0.0100 expiring 2031-07-10"
volume weighted average price financial
"convert into common shares if the volume weighted average price equals or exceeds $15.00, $20.00 and $25.00"
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
"All underlying shares that vested prior to the closing of the Business Combination remained vested"
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.
Legacy Company financial
"original date of grant by General Fusion Inc. referred to as the Legacy Company"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is Michel Laberge’s role at General Fusion Group (GFUZ)?
Michel Laberge is reported as Founder and Chief Science Officer (CSO) of General Fusion Group Ltd. This makes him both a key executive and the scientific leader, while also being a significant holder of common shares, options and Earnout Shares.
What stock option positions in GFUZ does Michel Laberge report?
Michel Laberge reports multiple stock options over common shares, including 109,706 underlying shares at an exercise price of $0.5300 expiring 2035-08-06 and 116,293 shares at $8.9500 expiring 2036-05-27, plus additional grants such as 5,131 shares at $5.4400 and 68,408 shares at $8.9500.
What is the vesting schedule for Michel Laberge’s GFUZ option awards?
The footnotes describe that his options generally vest 25% on the original grant date or first anniversary, with the remaining shares vesting in 12 substantially equal quarterly installments. Earnout Options follow the vesting history of their associated option awards, including service already completed before the business combination.
What indirect GFUZ holdings does Michel Laberge report?
Beyond direct holdings, Michel Laberge reports 116,052 common shares and 24,174 Earnout Shares as indirectly owned, noted as "By Ltd.". These indirect positions complement his direct common share and Earnout Share stakes and form part of his overall economic interest in the company.