OpenWorld president acquires $2.18 and $6.51 options
The options vest subject to continuous service, with full vesting on the third anniversary of the September 15, 2024 commencement date.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
OpenWorld, Inc.'s Global Corporate President, Russel Harold McMeekin, acquired stock options covering 216,355 shares of common stock at a $2.18 exercise price and 469,568 shares at a $6.51 exercise price on September 30, 2026. The options were received in exchange for options to acquire OpenWorld, Ltd. shares in connection with the merger closing. The respective options expire on December 7, 2035, and August 27, 2036.
Subject to continuous service, 1/3rd of the options vest on the one-year anniversary of the September 15, 2024 vesting commencement date. Thereafter, 1/36th vests on the same day of each succeeding calendar month, with all options fully vested on the three-year anniversary.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) F2, F1 | 216,355 | -- | -- |
| Grant/Award | Stock Option (Right to Buy) F2, F1 | 469,568 | -- | -- |
Footnotes (2)
- F1. The vesting commencement date of these options is 9/15/2024 (the "Vesting Commencement Date"). Subject to reporting person's continuous service, 1/3rd of the options shall vest on the 1-year anniversary of the Vesting Commencement Date and, thereafter, 1/36th of the options shall vest on same day of each succeeding calendar month, such that all options shall be fully vested on the 3-year anniversary of the Vesting Commencement Date.
- F2. Received in exchange for stock options to acquire shares of OpenWorld, Ltd. in connection with the closing of the merger of OpenWorld, Ltd. into OpenWorld, Inc. on September 30, 2026.
Key Figures
Key Terms
Vesting Commencement Date financial
continuous service financial
fully vested financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What options did OPNW Global Corporate President Russel Harold McMeekin acquire?
How do Russel Harold McMeekin's OPNW options vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.