Virax Biolabs Group Ltd (VRAX) director discloses multiple option grants
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Virax Biolabs Group Ltd director Norton Evan Michael filed an initial statement of beneficial ownership, reporting stock option holdings over the company’s ordinary shares. He holds options for 2,000 shares at an exercise price of $6.0000 expiring on July 20, 2032, and 10,000 shares at $6.0000 expiring on April 18, 2033. He also holds 10,000 options at $0.6800 expiring on April 18, 2034 and 10,000 options at $0.8800 expiring on April 8, 2035. Footnotes state these options were granted between July 20, 2022 and April 8, 2025 under the company’s equity incentive plans, with vesting in halves or thirds and becoming exercisable upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Norton Evan Michael
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 July 20, 2022, the Company granted 2,000 stock options under the Company's 2023 Equity Incentive Plan. The stock options are fully vested. 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.
FAQ
What does the Virax Biolabs (VRAX) Form 3 filing show for Norton Evan Michael?
The Form 3 shows Norton Evan Michael’s existing stock option holdings in Virax Biolabs. He reports several option grants over ordinary shares with specific exercise prices, expiration dates, and vesting schedules under the company’s equity incentive plans.
How many Virax Biolabs (VRAX) options does Norton Evan Michael report owning?
Norton Evan Michael reports options over 2,000 ordinary shares at $6.0000, plus three separate 10,000-share option grants. These have exercise prices of $6.0000, $0.6800, and $0.8800, each with its own future expiration date.
What are the exercise prices and expirations of Norton Evan Michael’s VRAX options?
He holds options at $6.0000 expiring on July 20, 2032 and April 18, 2033, at $0.6800 expiring on April 18, 2034, and at $0.8800 expiring on April 8, 2035. All relate to Virax Biolabs ordinary shares.
How do Norton Evan Michael’s Virax Biolabs (VRAX) options vest?
Footnotes state a 2,000-option grant from July 20, 2022 is fully vested. A 10,000 grant from April 18, 2023 vests in halves over 2024 and 2025, while 2024 and 2025 grants each vest in equal thirds over three future years.
Under which plans were Norton Evan Michael’s VRAX options granted?
The Form 3 notes that grants dated July 20, 2022, April 18, 2023, and April 18, 2024 were issued under Virax Biolabs’ 2023 Equity Incentive Plan. The April 8, 2025 grant was issued under the company’s 2024 Equity Incentive Plan.