XTL Biopharmaceuticals (XTLB) director discloses options on 1,000,000 shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
XTL Biopharmaceuticals Ltd director Osnat Hillel Fain has reported an existing options holding on a Form 3. The filing shows options over 1,000,000 underlying Ordinary Shares with an exercise price of $0.014 per share and an expiration date of March 17, 2029.
According to the disclosure, the option vests in three equal annual installments beginning on March 17, 2024. The exercise price was originally set in New Israeli Shekels and is presented in U.S. dollars based on a Bank of Israel exchange rate of NIS 3.1190 = USD 1.00 reported on March 19, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hillel Fain Osnat
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options | -- | -- | -- |
Holdings After Transaction:
Options — 1,000,000 shares (Direct)
Footnotes (1)
- The option vests in three equal annual installments beginning on March 17, 2024. The exercise price of this option, originally denominated in New Israeli Shekels ("NIS") in the amount of NIS 0.0438, is presented in the table in U.S. dollars ("USD") based on the exchange rate reported by the Bank of Israel on March 19, 2026, which was NIS 3.1190 = USD 1.00.
FAQ
What does Osnat Hillel Fain report on the XTLB Form 3 filing?
The Form 3 reports that director Osnat Hillel Fain holds options linked to 1,000,000 underlying Ordinary Shares of XTL Biopharmaceuticals Ltd. These options represent an existing derivative position rather than a new share purchase or sale.
What are the key terms of the options reported for XTLB?
The reported options relate to 1,000,000 underlying Ordinary Shares with an exercise price of $0.014 per share. They carry an expiration date of March 17, 2029, defining how long the director can choose to exercise them under these terms.
How do the XTLB director’s options vest over time?
The option vests in three equal annual installments, beginning on March 17, 2024. This means one-third of the total option amount becomes exercisable each year over a three-year period, aligning vesting with continued service or time-based conditions.
How was the XTLB options exercise price converted to U.S. dollars?
The option exercise price was initially denominated in New Israeli Shekels at NIS 0.0438. It is presented in U.S. dollars using a Bank of Israel exchange rate of NIS 3.1190 = USD 1.00, reported on March 19, 2026, resulting in the $0.014 figure.
Is the XTLB Form 3 filing a buy or sell transaction?
The Form 3 reflects holdings of options rather than a new buy or sell transaction. It provides an initial statement of beneficial ownership, showing the director’s option position and its terms, including exercise price, vesting schedule, and expiration date.