Turbogen director reports 6.9M-share stake
Turbogen Ltd. (TRBG) reported the initial beneficial ownership of director Ari Izhak Natan Even.
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Form Type
3
Rhea-AI Filing Summary
Turbogen Ltd. (TRBG) reported the initial beneficial ownership of director Ari Izhak Natan Even. He holds 30,649 Ordinary shares directly and 6,925,299 Ordinary shares indirectly through Anglo Turbo, Limited Partnership. He also holds a share option to acquire 397,215 Ordinary shares at an exercise price of $0.10 per share, expiring on November 26, 2032. As of August 25, 2026, 198,607 of these options are vested and none have been exercised.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Ari Izhak Natan Even
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Share option (right to buy) F3, F2 | -- | -- | -- |
| holding | Ordinary shares | -- | -- | -- |
| holding | Ordinary shares F1 | -- | -- | -- |
Holdings After Transaction:
Share option (right to buy) — 397,215 contracts (Direct);
Ordinary shares — 30,649 shares (Direct);
Ordinary shares — 6,925,299 shares (Indirect, See footnote)
Footnotes (3)
- F1. Represents securities held directly by Anglo Turbo, Limited Partnership ("Anglo Turbo"). Mr. Itzhak Natan Even Ari and Mr. Dov Friedman are the controlling persons of Anglo Energy Micro Turbine Ltd., which is a private company and a general partner of Anglo Turbo.
- F2. A total of 397,215 options were granted on November 26, 2025, of which 50% vested on November 26, 2025 and the remaining 50% vest on August 31, 2026. As of August 25, 2026, 198,607 options are fully vested and 0 have been exercised into ordinary shares, no par value per share.
- F3. The options were granted with an exercise price of NIS 0.30 per share. For purposes of this Form 3, the exercise price has been converted into U.S. dollars using an exchange rate of NIS 2.994 to USD $1.00 as of August 24, 2026, resulting in an exercise price of $0.10 per share.
Key Figures
Direct Ordinary shares: 30,649 shares
Indirect Ordinary shares: 6,925,299 shares
Option underlying shares: 397,215 shares
+4 more
7 metrics
Direct Ordinary shares
30,649 shares
Shares held directly by Ari Izhak Natan Even as of August 28, 2026
Indirect Ordinary shares
6,925,299 shares
Shares held indirectly through Anglo Turbo, Limited Partnership as of August 28, 2026
Option underlying shares
397,215 shares
Ordinary shares underlying share option (right to buy)
Exercise price
$0.10 per share
Exercise price of share option, converted from NIS 0.30 using NIS 2.994 to USD $1.00
Option expiration date
November 26, 2032
Expiration date of the share option position
Vested options
198,607 options
Options fully vested as of August 25, 2026
NIS to USD exchange rate
2.994 NIS per $1.00
Rate used to convert option exercise price into U.S. dollars as of August 24, 2026
Key Terms
Share option (right to buy), exercise price, vesting, indirect ownership, +1 more
5 terms
exercise price financial
"The options were granted with an exercise price of NIS 0.30 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"50% vested on November 26, 2025 and the remaining 50% vest on August 31, 2026"
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.
indirect ownership financial
"Represents securities held directly by Anglo Turbo, Limited Partnership"
exchange rate financial
"using an exchange rate of NIS 2.994 to USD $1.00 as of August 24, 2026"
Exchange rate is the price of one currency expressed in another—for example, how many euros you receive for one US dollar. It matters to investors because changes in that price alter the reported profits, costs and value of assets for companies and portfolios that operate or hold money across borders; think of it like switching measurement units, where the same item can look bigger or smaller depending on the unit used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Turbogen Ltd. (TRBG) disclose in this Form 3 for Ari Izhak Natan Even?
The filing reports the initial beneficial ownership of director Ari Izhak Natan Even, including direct and indirect Ordinary share holdings and a share option position to purchase additional Ordinary shares at a specified exercise price and expiration date.
What option position does Ari Izhak Natan Even report in Turbogen (TRBG)?
He reports a share option to acquire 397,215 Ordinary shares with an exercise price of $0.10 per share and an expiration date of November 26, 2032, as shown in the derivative holdings section.
How many of Ari Izhak Natan Even’s Turbogen (TRBG) options are vested and exercised?
The filing states that as of August 25, 2026, 198,607 options are fully vested and 0 options have been exercised into Ordinary shares, according to the option grant footnote.
How were the Turbogen (TRBG) option exercise prices converted to U.S. dollars?
The options were granted at NIS 0.30 per share. For the Form 3, this was converted using an exchange rate of NIS 2.994 to USD $1.00 as of August 24, 2026, resulting in an exercise price of $0.10 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
