ZeroStack Corp. (NASDAQ: ZSTK) CEO exercises 5,954,743 token warrants and receives 500,000 options
Rhea-AI Filing Summary
ZeroStack Corp. CEO Daniel Reis-Faria reported a grant of 500,000 employee stock options with a $5.1000 exercise price. The options were board-approved on March 5, 2026, became effective after shareholder approval on July 20, 2026, and vest in five 20% tranches tied to volume weighted average price thresholds. He also exercised 5,954,743 Pre-Funded Token Warrants at $0.0001 per share into the same number of common shares, leaving no warrants outstanding and direct holdings of 5,954,743 common shares and 500,000 options.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 5,954,743 shares
Net Buy
3 txns
Insider
Reis-Faria Daniel
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) F1 | 500,000 | $0.00 | $0.00 |
| In-the-Money Exercise | Pre-Funded Token Warrants F2 | 5,954,743 | $25.1899 | $150.00M |
| In-the-Money Exercise | Common Shares | 5,954,743 | $0.0001 | $595.47 |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 500,000 shares (Direct);
Pre-Funded Token Warrants — 0 shares (Direct);
Common Shares — 5,954,743 shares (Direct)
Footnotes (2)
- F1. The options were approved by the Issuer's board of directors on March 5, 2026, subject to shareholder approval, which occurred on July 20, 2026. The options vest in five equal installments; the vesting of each 20% installment is contingent on the Issuer's volume weighted average price reaching a specified threshold.
- F2. The warrants were not exercisable until approved by the Issuer's shareholders and terminated upon full exercise of the warrants
Key Figures
Stock options granted: 500,000 shares
Option exercise price: $5.1000 per share
Pre-Funded Token Warrants exercised: 5,954,743 warrants
+3 more
6 metrics
Stock options granted
500,000 shares
Employee Stock Options granted to CEO Daniel Reis-Faria
Option exercise price
$5.1000 per share
Exercise price of the granted employee stock options
Pre-Funded Token Warrants exercised
5,954,743 warrants
Exercised into an equal number of common shares
Warrant conversion price
$0.0001 per share
Conversion price of Pre-Funded Token Warrants into common shares
Common shares held after exercise
5,954,743 shares
Direct common share ownership following warrant exercise
Option expiration date
May 5, 2036
Expiration of the granted employee stock options
Key Terms
Pre-Funded Token Warrants, volume weighted average price, in-the-money derivative security
3 terms
Pre-Funded Token Warrants financial
"Security titled Pre-Funded Token Warrants was exercised into common shares"
volume weighted average price financial
"Each 20% installment vests only if the volume weighted average price hits a threshold"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
in-the-money derivative security financial
"Transaction code X described as exercise of an in-the-money derivative security"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity awards did ZeroStack (ZSTK) CEO Daniel Reis-Faria receive?
Daniel Reis-Faria received a grant of 500,000 employee stock options with a $5.1000 exercise price. The options vest in five 20% tranches, each vesting only if specified volume weighted average price thresholds for ZeroStack common shares are met.
What warrant exercise did ZeroStack (ZSTK) disclose for its CEO?
Daniel Reis-Faria exercised 5,954,743 Pre-Funded Token Warrants into 5,954,743 common shares at an exercise price of $0.0001 per share. The warrants were only exercisable after shareholder approval and terminated upon full exercise.
What are the vesting conditions on ZeroStack (ZSTK) CEO’s new stock options?
The 500,000 stock options granted to Daniel Reis-Faria vest in five equal 20% installments. Each installment vests only if ZeroStack’s volume weighted average price reaches specified thresholds, making the award performance-based rather than purely time-based.
When do the newly granted ZeroStack (ZSTK) CEO options expire?
The employee stock options granted to Daniel Reis-Faria carry an expiration date of May 5, 2036. They were approved by the board on March 5, 2026, became effective after shareholder approval on July 20, 2026, and vest based on price-performance milestones.