ALR Technologies SG (ALRTF) secretary reports 10M-share stock option holding
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
ALR Technologies SG Ltd. reported that Corporate Secretary Benjamin Szeto holds a stock option linked to the company’s ordinary shares. The option covers 10,000,000 underlying ordinary shares at an exercise price of $0.01 per share and expires on June 30, 2028.
The filing explains that this option was converted in connection with a prior redomicile merger, where securities of ALR Technologies Inc. were exchanged for equivalent securities of ALR Technologies SG Ltd. There are no new purchases or sales; this Form 3 mainly records Szeto’s existing derivative position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Szeto Benjamin
Role
Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option | -- | -- | -- |
Holdings After Transaction:
Stock Option — 10,000,000 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Underlying shares: 10,000,000 shares
Exercise price: $0.01 per share
Option expiration: June 30, 2028
+2 more
5 metrics
Underlying shares
10,000,000 shares
Underlying ordinary shares for stock option holding
Exercise price
$0.01 per share
Exercise price of stock option
Option expiration
June 30, 2028
Expiration date of stock option
Total derivative position
10,000,000 underlying shares
Directly held stock option position reported on Form 3
Exercise date reference
November 7, 2022
Date tied to redomicile merger and conversion of awards
Key Terms
Stock Option, Ordinary Shares, Redomicile Merger, beneficially owned
4 terms
Stock Option financial
"The filing shows a Stock Option linked to ordinary shares"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
Redomicile Merger regulatory
"the Redomicile Merger resulted in ALR Singapore becoming a parent company"
beneficially owned financial
"each option or warrant to purchase shares of Common Stock beneficially owned by the reporting person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What does Benjamin Szeto’s Form 3 for ALRTF disclose?
It discloses that Corporate Secretary Benjamin Szeto holds a stock option over 10,000,000 underlying ordinary shares at a $0.01 exercise price. The option stems from a prior redomicile merger and is being reported as an existing ownership position, not a new trade.
What is the exercise price and expiry of Szeto’s ALRTF stock option?
The stock option has an exercise price of $0.01 per underlying ordinary share and expires on June 30, 2028. These terms define the cost and time window for converting the option into ordinary shares if exercised in the future.
How did the ALR redomicile merger affect Szeto’s equity awards?
The merger converted his prior ALR Technologies Inc. options and warrants into equivalent rights in ALR Technologies SG Ltd. Each prior instrument became a right to subscribe for the same number of ALR Singapore ordinary shares at an equivalent exercise price, preserving economic terms.