Director Nelson Haight reports Virax Biolabs (VRAX) stock option awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Virax Biolabs Group Ltd director Nelson M. Haight reported his initial beneficial ownership of stock options in the company. The holdings include options over 2,000 Ordinary Shares with a $15.40 exercise price expiring on November 17, 2032, granted under the 2023 Equity Incentive Plan.
He also holds options over 10,000 Ordinary Shares with a $6.00 exercise price expiring on April 18, 2033, 10,000 options at $0.68 expiring on April 18, 2034, and 10,000 options at $0.88 expiring on April 8, 2035. Footnotes state these options vest in scheduled halves or thirds on specified future dates, becoming exercisable as they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
HAIGHT NELSON M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
Holdings After Transaction:
Stock Options (right to buy) — 2,000 shares (Direct)
Footnotes (1)
- On November 17, 2022, the Company granted 2,000 stock options under the Company's 2023 Equity Incentive Plan. The options vest in equal halves on November 17 of each of 2023 and 2024. The vested portions of such options will become exercisable upon vesting. On April 18, 2023, the Company granted 10,000 stock options under the Company's 2023 Equity Incentive Plan. The options vest in equal halves on April 18 of each of 2024 and 2025. The vested portions of such options will become exercisable upon vesting. On April 18, 2024, the Company granted 10,000 stock options under the Company's 2023 Equity Incentive Plan. The options vest in equal thirds on April 18 of each of 2025, 2026 and 2027. The vested portions of such options will become exercisable upon vesting. On April 8, 2025, the Company granted 10,000 stock options under the Company's 2024 Equity Incentive Plan. The options vest in equal thirds on April 8 of each of 2026, 2027 and 2028. The vested portions of such options will become exercisable upon vesting.
Key Figures
Option exercise price: $15.40 per share
Option exercise price: $6.00 per share
Option exercise price: $0.68 per share
+1 more
4 metrics
Option exercise price
$15.40 per share
Stock options on 2,000 Ordinary Shares expiring November 17, 2032
Option exercise price
$6.00 per share
Stock options on 10,000 Ordinary Shares expiring April 18, 2033
Option exercise price
$0.68 per share
Stock options on 10,000 Ordinary Shares expiring April 18, 2034
Option exercise price
$0.88 per share
Stock options on 10,000 Ordinary Shares expiring April 8, 2035
Key Terms
Stock Options (right to buy), Ordinary Shares, 2023 Equity Incentive Plan, 2024 Equity Incentive Plan, +1 more
5 terms
Stock Options (right to buy) financial
"security_title: "Stock Options (right to buy)""
2023 Equity Incentive Plan financial
"granted 2,000 stock options under the Company's 2023 Equity Incentive Plan"
2024 Equity Incentive Plan financial
"granted 10,000 stock options under the Company's 2024 Equity Incentive Plan"
vest in equal thirds financial
"The options vest in equal thirds on April 18 of each of 2025, 2026 and 2027."
FAQ
What does Virax Biolabs (VRAX) Form 3 for Nelson M. Haight show?
The Form 3 shows director Nelson M. Haight holds several stock option awards on Virax Biolabs Ordinary Shares, with different exercise prices and expiration dates, granted under the company’s equity incentive plans and vesting over multiple future years as described in the footnotes.
How many Virax Biolabs (VRAX) options at $15.40 does Nelson Haight report?
Nelson M. Haight reports stock options over 2,000 Ordinary Shares with a $15.40 exercise price, expiring on November 17, 2032. These options were granted under the 2023 Equity Incentive Plan and vest in equal halves on November 17 of 2023 and 2024, becoming exercisable upon vesting.
What are the key terms of Nelson Haight’s $6.00 Virax Biolabs (VRAX) options?
He holds stock options over 10,000 Ordinary Shares with a $6.00 exercise price, expiring on April 18, 2033. Footnotes state this award was granted on April 18, 2023 and vests in equal halves on April 18 of 2024 and 2025, with each vested portion becoming exercisable upon vesting.
What low-priced Virax Biolabs (VRAX) options does Nelson Haight disclose on Form 3?
The filing lists stock options over 10,000 Ordinary Shares at a $0.68 exercise price expiring on April 18, 2034 and another 10,000 options at $0.88 expiring on April 8, 2035. These grants vest in equal thirds over three years from their respective grant dates, then become exercisable.
How do Nelson Haight’s Virax Biolabs (VRAX) options vest over time?
Footnotes explain that each grant vests in scheduled installments: one award in halves over two years, and later awards in halves or thirds over two or three years. The vested portions of each option grant become exercisable upon vesting, aligning compensation with multi-year service at the company.
Are Nelson Haight’s Virax Biolabs (VRAX) options held directly or indirectly?
The Form 3 characterizes all reported stock options as direct ownership. Each line item shows ownership coded as “D,” with no nature-of-ownership footnote transferring voting or investment authority to another entity, indicating the options are held directly by Nelson M. Haight himself.