Director Ilana Lurie details initial equity stake in Wearable Devices (WLDS)
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Wearable Devices Ltd. director Ilana Lurie filed an initial ownership report showing her equity stake in the company. She directly holds 37,500 Ordinary Shares. This amount includes 7,500 shares issuable from 2,500 restricted share units (RSUs) that begin vesting on October 10, 2026 and then in equal monthly installments through October 10, 2028, and 28,333 shares issuable from RSUs vesting in equal monthly installments of 833 shares through January 1, 2029, with each RSU representing one Ordinary Share.
She also holds a stock option covering 83 Ordinary Shares at an exercise price of 316.8000, which was granted on November 30, 2023, vests in monthly installments after an initial vesting on August 23, 2024, and expires on November 30, 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lurie Ilana
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock option (right to buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Stock option (right to buy) — 83 shares (Direct);
Ordinary Shares — 37,500 shares (Direct)
Footnotes (1)
- Includes (i) 7,500 ordinary shares, no par value per share, of the Issuer (the "Ordinary Shares") issuable upon the vesting of 2,500 restricted share units ("RSUs") on October 10, 2026 and thereafter in equal monthly installments of 208 Ordinary Shares through October 10, 2028; and (ii) 28,333 Ordinary Shares issuable upon the vesting of RSUs in equal monthly installments of 833 Ordinary Shares through January 1, 2029. Each RSU represents the right to receive one Ordinary Share. The options were granted on November 30, 2023 and vest as follows: 28 options vest on August 23, 2024 and the remaining 55 options vest in equal monthly installments of 2 Ordinary Shares thereafter.
FAQ
What does the Wearable Devices (WLDS) Form 3 for Ilana Lurie show?
The Form 3 shows director Ilana Lurie’s initial ownership in Wearable Devices Ltd., including 37,500 Ordinary Shares and a stock option for 83 shares. It details vesting schedules for her restricted share units and the option’s exercise terms.
What equity awards does Ilana Lurie hold in Wearable Devices (WLDS)?
Ilana Lurie holds restricted share units for 7,500 and 28,333 Ordinary Shares vesting in monthly installments through October 10, 2028 and January 1, 2029. She also holds a stock option for 83 Ordinary Shares with specified vesting and expiration dates.
What are the terms of Ilana Lurie’s stock option in Wearable Devices (WLDS)?
Her stock option covers 83 Ordinary Shares at an exercise price of 316.8000, granted on November 30, 2023. It vests partly on August 23, 2024, with remaining options vesting monthly, and expires on November 30, 2033 if not exercised.
How do Ilana Lurie’s RSUs in Wearable Devices (WLDS) vest over time?
One RSU grant converts into 7,500 shares, vesting on October 10, 2026 and then monthly through October 10, 2028. Another RSU grant converts into 28,333 shares, vesting in monthly installments of 833 shares through January 1, 2029.