Wearable Devices (WLDS) CTO reports 72,917 shares plus options and RSUs
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Wearable Devices Ltd. filed an initial ownership report for Chief Technology Officer Langer Leeor Jacob. He directly holds 72,917 Ordinary Shares and stock options to acquire 125 additional Ordinary Shares at an exercise price of 316.8 per share, expiring on August 23, 2033.
The filing notes 6,250 Ordinary Shares issuable upon vesting of restricted share units in equal monthly installments of 1,042 shares through September 10, 2026, and 47,222 Ordinary Shares issuable upon vesting of restricted share units in equal monthly installments of 1,389 shares through January 1, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Langer Leeor Jacob
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock option (right to buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Stock option (right to buy) — 125 shares (Direct);
Ordinary Shares — 72,917 shares (Direct)
Footnotes (1)
- Includes (i) 6,250 ordinary shares, no par value per share, of the Issuer (the "Ordinary Shares") issuable upon the vesting of restricted share units ("RSUs") in equal monthly installments of 1,042 Ordinary Shares through September 10, 2026; and (ii) 47,222 Ordinary Shares issuable upon the vesting of RSUs in equal monthly installments of 1,389 Ordinary Shares through January 1, 2029. Each RSU represents the right to receive one Ordinary Share. The options were granted on August 23, 2023 and vest as follows: 42 options vest on the first year anniversary of the grant date and the remaining 83 options vest in equal monthly installments of 3 Ordinary Shares after the first anniversary.
Key Figures
Direct Ordinary Shares held: 72,917 shares
Stock option exercise price: 316.8 per share
Option underlying shares: 125 shares
+5 more
8 metrics
Direct Ordinary Shares held
72,917 shares
Total Ordinary Shares directly owned after reported holdings
Stock option exercise price
316.8 per share
Exercise price for options on 125 Ordinary Shares
Option underlying shares
125 shares
Underlying Ordinary Shares for reported stock options
RSUs vesting by 2026
6,250 shares
Ordinary Shares issuable from RSUs vesting monthly through September 10, 2026
RSUs vesting by 2029
47,222 shares
Ordinary Shares issuable from RSUs vesting monthly through January 1, 2029
RSU monthly vest tranche 1
1,042 shares
Monthly RSU vesting installments through September 10, 2026
RSU monthly vest tranche 2
1,389 shares
Monthly RSU vesting installments through January 1, 2029
Option expiration date
August 23, 2033
Expiration for stock options on 125 Ordinary Shares
Key Terms
restricted share units ("RSUs"), Stock option (right to buy), Ordinary Shares, vesting, +1 more
5 terms
Stock option (right to buy) financial
"security_title": "Stock option (right to buy)""
vesting financial
"issuable upon the vesting of RSUs in equal monthly installments..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price financial
"exercisePrice": "316.8000""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What does the Form 3 filing show for Wearable Devices (WLDS) CTO holdings?
The Form 3 shows CTO Langer Leeor Jacob directly holds 72,917 Ordinary Shares and stock options for 125 additional shares. It also discloses significant restricted share unit awards that may convert into Ordinary Shares as they vest over time.
How do the WLDS CTO’s options vest over time?
According to the filing, 42 options vest on the first anniversary of the August 23, 2023 grant date. The remaining 83 options vest in equal monthly installments of 3 Ordinary Shares after that first anniversary, creating a gradual vesting pattern through the term.
Are there buy or sell transactions in this Wearable Devices (WLDS) Form 3?
This Form 3 primarily reports existing holdings, not new market transactions. It lists direct ownership of 72,917 Ordinary Shares, stock options for 125 shares, and sizable RSU awards that will deliver additional shares if and when they vest over time.