Yalla President reports option holdings on Form 3
Yalla Group Ltd President Ismail Saifi filed an initial ownership report showing holdings of employee stock options over Class A Ordinary Shares.
Rhea-AI Filing Summary
Yalla Group Ltd President Ismail Saifi filed an initial ownership report showing holdings of employee stock options over Class A Ordinary Shares. The filing lists two option grants, each covering 400,000 underlying shares at an exercise price of $0.2200 per share.
One option expires on August 15, 2033, with 25% of the shares vesting on August 15, 2024 and an additional 25% vesting on each of the next three anniversaries, subject to continued service. The second option expires on December 18, 2035, with 25% vesting on December 18, 2026 and the remaining tranches vesting annually over the following three years, also conditioned on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Option (Right to buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to buy) | -- | -- | -- |
Footnotes (2)
- F1. 25% of the shares subject to the option shall vest on August 15, 2024, and an additional 25% shall vest on each anniversary thereof for the next three consecutive years, subject to the Reporting Person continuing as a service provider through each such date.
- F2. 25% of the shares subject to the option shall vest on December 18, 2026, and an additional 25% shall vest on each anniversary thereof for the next three consecutive years, subject to the Reporting Person continuing as a service provider through each such date.
FAQ
What does Yalla Group (YALA) President Ismail Saifi report on this Form 3?
What is the exercise price of Ismail Saifi’s Yalla (YALA) stock options?
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