VWAV Form 4: 2,000,000 options at $7.20 to Executive Chairman
Rhea-AI Filing Summary
VisionWave Holdings, Inc. (VWAV) reported an insider equity award to its Executive Chairman and Director. On 08/06/2025, the reporting person received stock options covering 2,000,000 shares of common stock at an exercise price of $7.20 per share. These options vest in twelve equal quarterly installments over four years, starting on the date shareholders approve the applicable equity plan, and are exercisable for five years from the grant date with cashless exercise permitted. The grant is contingent on shareholder approval of the plan; without that approval, the options become null and void. The reporting person also indirectly holds 484,000 shares of common stock through Instant Fame LLC.
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FAQ
What did VisionWave Holdings (VWAV) report in this Form 4 filing?
VisionWave Holdings (VWAV) reported that its Executive Chairman and Director received a grant of stock options for 2,000,000 shares of common stock at an exercise price of $7.20 per share, subject to shareholder approval of the plan.
Who is the reporting person in the VWAV Form 4 and what is their role?
The reporting person is identified as a Director and Officer of VisionWave Holdings, Inc., serving as Executive Chairman, and is disclosing their ownership and option grant in this Form 4.
How many VisionWave (VWAV) stock options were granted and at what price?
The reporting person was granted 2,000,000 stock options on 08/06/2025, each with an exercise price of $7.20 per share, with an expiration date of 08/06/2030.
What is the vesting schedule for the 2,000,000 VWAV stock options?
The options vest in twelve equal quarterly installments over four years, beginning on the date that shareholders approve the equity plan under which the options were granted.
Are the VisionWave (VWAV) stock options subject to any conditions?
Yes. The filing states that the grants are contingent upon shareholder approval of the Plan. If shareholders do not approve the plan, the options will be null and void.
Can the VWAV stock options be exercised on a cashless basis?
Yes. The options are described as allowing for cashless exercise, meaning the holder can exercise without paying cash upfront, generally by using a portion of the shares to cover the cost.
How many VisionWave (VWAV) shares does the insider already own?
According to the Form 4, the reporting person indirectly owns 484,000 shares of VisionWave common stock, held through Instant Fame LLC.