Turbogen director reports 6.9M shares, options
Turbogen Ltd. (TRBG) reported the initial equity holdings of director and Chief Strategic & BD Officer Dov Friedman.
Rhea-AI Filing Summary
Turbogen Ltd. (TRBG) reported the initial equity holdings of director and Chief Strategic & BD Officer Dov Friedman. As of August 28, 2026, he holds options to acquire 397,215 ordinary shares at an exercise price of $0.10 per share, expiring on November 26, 2032. These options were granted on November 26, 2025; 50% vested on that grant date and the remaining 50% vest on August 31, 2026, and as of August 25, 2026, 198,607 options are fully vested with none exercised.
Friedman also holds 37,944 ordinary shares directly and has 6,925,299 ordinary shares reported as held indirectly through Anglo Turbo, Limited Partnership. Anglo Turbo is controlled by Anglo Energy Micro Turbine Ltd., whose controlling persons are Friedman and Itzhak Natan Even Ari. The option exercise price was originally set at NIS 0.30 per share and converted for reporting purposes using an exchange rate of NIS 2.994 to USD $1.00 as of August 24, 2026.
Positive
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Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Friedman Dov
Role
Chief Strategic & BD Officer
| 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 — 37,944 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. Dov Friedman and Mr. Itzhak Natan Even Ari 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 none 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 held: 37,944 shares
Indirect ordinary shares held: 6,925,299 shares
Options underlying ordinary shares: 397,215 shares
+5 more
8 metrics
Direct ordinary shares held
37,944 shares
Ordinary shares held directly by Dov Friedman as of August 28, 2026
Indirect ordinary shares held
6,925,299 shares
Ordinary shares held indirectly through Anglo Turbo, Limited Partnership
Options underlying ordinary shares
397,215 shares
Ordinary shares underlying options granted to Dov Friedman
Option exercise price (USD)
$0.10 per share
Exercise price after conversion from NIS as of August 24, 2026
Option exercise price (NIS)
NIS 0.30 per share
Original option exercise price before currency conversion
Vested options as of August 25, 2026
198,607 options
Portion of the 397,215 granted options that are fully vested
Exchange rate used for conversion
NIS 2.994 per USD $1.00
Rate applied to convert the NIS 0.30 exercise price to US dollars
Option expiration date
November 26, 2032
Expiration date of the options held by Dov Friedman
Key Terms
ordinary shares, exercise price, vest, limited partnership, +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.
vest financial
"of which 50% vested on November 26, 2025 and the remaining 50% vest on August 31, 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
limited partnership financial
"Represents securities held directly by Anglo Turbo, Limited Partnership"
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
controlling persons financial
"Mr. Dov Friedman and Mr. Itzhak Natan Even Ari are the controlling persons"
FAQ
What equity stake does Dov Friedman report in Turbogen Ltd. (TRBG)?
As of August 28, 2026, Dov Friedman reports 37,944 ordinary shares held directly, options for 397,215 ordinary shares, and 6,925,299 ordinary shares held indirectly through Anglo Turbo, Limited Partnership.
What are the key terms of Dov Friedman’s stock options in TRBG?
Dov Friedman holds options to buy 397,215 ordinary shares with an exercise price of $0.10 per share, expiring on November 26, 2032. The options were granted on November 26, 2025.
How many of Dov Friedman’s TRBG options are vested?
The company states that of the 397,215 options granted on November 26, 2025, 50% vested on that date and 50% vest on August 31, 2026. As of August 25, 2026, 198,607 options are fully vested and none have been exercised.
How is Dov Friedman’s indirect ownership in TRBG structured?
The filing states that 6,925,299 ordinary shares are held by Anglo Turbo, Limited Partnership. Anglo Energy Micro Turbine Ltd. is the general partner of Anglo Turbo, and Dov Friedman and Itzhak Natan Even Ari are described as its controlling persons.
How was the TRBG option exercise price converted from NIS to USD?
The options were granted at an exercise price of NIS 0.30 per share. For reporting, 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.
