Director at BBB Foods (TBBB) reports 85,520 Class C-linked stock options
Rhea-AI Filing Summary
BBB Foods Inc$9.67 per share.
These options vest over five years, with 25% vesting on each of the second, third, fourth and fifth anniversaries of December 15, 2022, and expire on December 16, 2052. The Class C shares automatically convert into Class A Common Shares on a one-for-one basis upon specified transfers or, if earlier conversion has not occurred, on August 8, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reich Sapire Rose Nicole Dominique
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 85,520 shares (Direct)
Footnotes (3)
- F1. These options vest over a five year period with 25% of such options vesting on the second, third, fourth and fifth anniversaries of December 15, 2022.
- F2. Expiration date is December 16, 2052
- F3. Class C Common Shares convert automatically into Issuer Class A Common Shares on a one-for-one basis upon: (i) sale into the public market; (ii) any transfer, whether or not for value (except for transfers to connected persons of the transferee or to a person that is also a holder of Class C common shares, as described in the Issuer's memorandum and articles of association); and (iii) to the extent not converted earlier, on August 8, 2026.
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FAQ
What does the Form 3 filing by BBB Foods Inc (TBBB) director report?
The Form 3 reports initial ownership of stock options linked to 85,520 Class C Common Shares at an exercise price of $9.67. It establishes the director’s starting derivative position as a reporting insider of BBB Foods Inc.
What is the vesting schedule for BBB Foods (TBBB) director’s stock options?
The options vest over five years, with 25% vesting on each of the second, third, fourth and fifth anniversaries of December 15, 2022. This creates four equal annual vesting tranches after the initial grant date.
When do the BBB Foods Inc (TBBB) director’s stock options expire?
The stock options expire on December 16, 2052. This long-dated expiration gives the director an extended period to potentially exercise the options after they vest according to the disclosed schedule.