Exzeo Group (XZO) General Counsel corrects Form 3/A, reports 241,902 shares and 100,000 options
Rhea-AI Filing Summary
Exzeo Group, Inc. reported updated insider holdings for its General Counsel following a correction to a prior filing. The reporting person now directly owns 241,902 shares of Exzeo common stock, reflecting removal of 51,673 shares that the company had previously withheld for tax purposes and were mistakenly included before.
The General Counsel also holds a stock option to buy 100,000 shares of common stock at an exercise price of $23 per share. This option was granted on October 1, 2021, vested for one quarter of the shares on October 1, 2022, and then continues to vest for one sixteenth of the shares on each January 1, April 1, July 1, and October 1 thereafter, through its October 1, 2031 expiration date.
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FAQ
What did Exzeo Group (XZO) update in this insider ownership filing?
Exzeo Group, Inc. updated the reported holdings of its General Counsel to correct a prior error, now showing 241,902 shares of common stock directly owned.
Who is the reporting person in this Exzeo Group (XZO) Form 3/A?
The reporting person is Exzeo Group, Inc.'s General Counsel, who is an officer of the company and files individually.
How many Exzeo Group (XZO) shares does the General Counsel now directly own?
The General Counsel directly owns 241,902 shares of Exzeo Group common stock after the correction.
Why was this Exzeo Group (XZO) ownership filing amended?
The amendment was filed to correct the number of directly owned shares, as the original filing mistakenly included 51,673 shares that had been withheld by Exzeo for tax purposes.
What stock options does the Exzeo Group (XZO) General Counsel hold?
The General Counsel holds a stock option granted on October 1, 2021 to purchase 100,000 shares of common stock at $23 per share, with vesting from October 1, 2022 through October 1, 2031.
How does the vesting schedule work for the Exzeo Group (XZO) stock option?
The option vested for one fourth of the shares on October 1, 2022 and for one sixteenth of the shares on each January 1, April 1, July 1, and October 1 thereafter until fully vested.