BioLineRx (NASDAQ: BLRX) CEO details 5.1M shares and multiple option grants
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
BioLineRx Ltd. Chief Executive Officer Philip A. Serlin filed an initial ownership report detailing his equity position. He directly holds 5,131,800 Ordinary Shares and a series of employee stock options over additional Ordinary Shares with exercise prices ranging from $0.2640 down to $0.0450, expiring between 2026 and 2033. Several option grants are fully vested, while the most recent grant includes options that will vest in quarterly installments, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Serlin Philip A
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Ordinary Shares, 0.1 NIS per share | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 55,800 shares (Direct);
Ordinary Shares, 0.1 NIS per share — 5,131,800 shares (Direct)
Footnotes (1)
- Options granted under the 2003 Amended and Restated Share Incentive Plan. The grant date of this grant is October 10, 2016. This option grant is fully vested as of this date. The grant date of this grant is July 05 ,2017. This option grant is fully vested as of this date. The grant date of this grant is April 16, 2018. This option grant is fully vested as of this date. The grant date of this grant is November 07, 2019. This option grant is fully vested as of this date. The grant date of this grant is April 05, 2021. This option grant is fully vested as of this date. The grant date of this grant is August 15, 2022. This option grant is fully vested as of this date. The grant date of this grant is September 06, 2023. As of this date, 3,090,600 options of this grant are vested. The remaining 1,404,600 options will vest in equal 5 quarterly installments, subject to the Reporting Person's continued service to the Issuer as of each vesting date. To qualify for certain tax benefits under Section 102 of the Israeli Tax Ordinance, securities issued to an employee in connection with the 2003 Amended and Restated Share Incentive Plan must be registered in the name of a trustee.
FAQ
What does BioLineRx (BLRX) CEO Philip Serlin report in this Form 3?
Philip Serlin reports his initial ownership of BioLineRx securities, including 5,131,800 Ordinary Shares and multiple employee stock option grants. These options cover Ordinary Shares at various exercise prices and expirations, giving a detailed snapshot of his current equity-based compensation position.
What stock options for BioLineRx (BLRX) does the CEO report holding?
The CEO reports multiple Employee Stock Options over Ordinary Shares with exercise prices such as $0.2640, $0.2840, and $0.0450. These options expire between 2026 and 2033, reflecting grants made over several years under the company’s share incentive plan.
Are the BioLineRx CEO’s stock options vested according to the Form 3 footnotes?
Footnotes state that several option grants from 2016 through 2022 are fully vested. The September 6, 2023 grant is partially vested, with remaining options vesting in equal quarterly installments, contingent on the CEO’s continued service to BioLineRx on each vesting date.
Under which plan were BioLineRx (BLRX) CEO stock options granted?
The filing notes that the options were granted under the 2003 Amended and Restated Share Incentive Plan. Footnotes also explain that, to qualify for Israeli Section 102 tax benefits, related securities must be registered in the name of a trustee on behalf of the employee.