XCHG Ltd (XCH) CFO reports 4,000,000-share RSU position in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
XCHG Ltd’s Chief Financial Officer, Joel Adalberto Gallo, has reported his initial equity holdings with the company. The Form 3 shows he holds Restricted Stock Units that are convertible into 4,000,000 Class A Ordinary Shares. These RSUs vest annually in four equal installments beginning on August 4, 2026, subject to his continued service.
Each RSU represents the right to receive one Class A Ordinary Share, cash equal to its value, or an equivalent number of American Depositary Shares, with each ADS representing 40 Class A Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gallo Joel Adalberto
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,000,000 shares (Direct)
Footnotes (1)
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FAQ
What did XCHG Ltd (XCH) disclose in Joel Gallo’s Form 3?
XCHG Ltd disclosed that Chief Financial Officer Joel Adalberto Gallo holds Restricted Stock Units tied to 4,000,000 Class A Ordinary Shares. These RSUs are an initial reported equity position and are subject to a multi-year vesting schedule starting in August 2026.
When do Joel Gallo’s RSUs at XCHG Ltd (XCH) start vesting?
The RSUs begin vesting on August 4, 2026, in four equal annual installments. Vesting is conditioned on Joel Gallo’s continued service with XCHG Ltd, meaning he must remain with the company to receive each yearly tranche of shares or cash value.
What can XCHG Ltd (XCH) RSUs be settled in for Joel Gallo?
Each RSU may be settled in one Class A Ordinary Share, cash equal to one share’s value, or American Depositary Shares. Each ADS represents 40 Class A Ordinary Shares, providing flexible settlement options once the RSUs vest and become deliverable.
Does Joel Gallo’s Form 3 at XCHG Ltd (XCH) show any stock purchases or sales?
The Form 3 does not report any stock purchases or sales; it records existing Restricted Stock Units. These RSUs represent contingent rights to receive shares or cash, rather than immediate market transactions in XCHG Ltd’s Class A Ordinary Shares or ADSs.