Swarmer technology chief holds options on 141,098 shares
The option and RSU grants have monthly vesting schedules, and specified grants include performance-milestone acceleration provisions.
Rhea-AI Filing Summary
Swarmer, Inc. reported direct holdings for Chief Product & Technology Officer Nestor Mykhailo, including options covering 141,098 common shares at a $3.33 exercise price, expiring December 29, 2035, and two positions covering 45,000 and 25,000 shares at $25.11, expiring September 16, 2036. The report also lists RSUs with monthly vesting subject to continued service. Certain grants may accelerate for performance milestones, and all reported grants are subject to acceleration upon certain service terminations or a change of control.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Nestor Mykhailo
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) F3, F6 | -- | -- | -- |
| holding | Stock Option (right to buy) F4, F6 | -- | -- | -- |
| holding | Stock Option (right to buy) F5, F6 | -- | -- | -- |
| holding | Common Stock F1, F6 | -- | -- | -- |
| holding | Common Stock F2, F6 | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 211,098 contracts (Direct);
Common Stock — 95,000 shares (Direct)
Footnotes (6)
- F1. Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share of common stock upon vesting. The RSUs vest in monthly installments of 1/48th of the total shares on each monthly anniversary of August 1, 2026 over a four year period, subject to the Reporting Person's continued service through the applicable vesting date. Additionally, vesting of the RSUs may be accelerated upon the achievement of certain performance milestones, subject to the Reporting Person's continued service through each milestone. The milestone acceleration operates solely to accelerate time-based vesting and does not create a separate performance-vesting tranche.
- F2. Consists of RSUs. Each RSU represents the right to receive one share of common stock upon vesting. The RSUs vest in monthly installments of 1/36th of the total shares on each monthly anniversary of August 1, 2027 over a three-year period, subject to the Reporting Person's continued service through the applicable vesting date.
- F3. The shares underlying this option vest over a four-year period with 1/48th vesting on each monthly anniversary of December 29, 2025, subject to the Reporting Person's continued service through the applicable vesting date.
- F4. The shares underlying this option vest over a four-year period with 1/48th vesting on each monthly anniversary of August 1, 2026, subject to the Reporting Person's continued service through the applicable vesting date. Additionally, vesting of the shares underlying the options may be accelerated upon the achievement of certain performance milestones, subject to the Reporting Person's continued service through each milestone. The milestone acceleration operates solely to accelerate time-based vesting and does not create a separate performance-vesting tranche.
- F5. The shares underlying this option vest over a three-year period with 1/36th vesting on each monthly anniversary of August 1, 2027, subject to the Reporting Person's continued service through the applicable vesting date.
- F6. All grants reported herein are subject to acceleration of vesting upon certain terminations of service or a change of control, as described in the respective grant agreements.
Key Figures
Shares underlying option: 141,098 shares
Exercise price: $3.33 per share
Shares underlying option: 45,000 shares
+2 more
5 metrics
Shares underlying option
141,098 shares
Direct stock option expiring December 29, 2035
Exercise price
$3.33 per share
Direct stock option expiring December 29, 2035
Shares underlying option
45,000 shares
Direct stock option expiring September 16, 2036
Exercise price
$25.11 per share
Direct stock option expiring September 16, 2036
Shares underlying option
25,000 shares
Direct stock option expiring September 16, 2036
Key Terms
restricted stock units, vesting, performance milestones, change of control
4 terms
restricted stock units financial
"Consists of restricted stock units ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"subject to the Reporting Person's continued service through the applicable vesting date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
performance milestones financial
"acceleration upon the achievement of certain performance milestones"
change of control financial
"a change of control, as described in the respective grant agreements"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How do Nestor Mykhailo's SWMR RSUs vest?
The RSUs vest monthly in 1/48 installments over four years from monthly anniversaries of August 1, 2026, or in 1/36 installments over three years from monthly anniversaries of August 1, 2027, subject to continued service. The 2026-starting RSUs may accelerate upon performance milestones; all reported grants have certain termination-of-service or change-of-control acceleration provisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
