BioLineRx (BLRX) director Dar Rami reports multiple employee stock option grants
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
BioLineRx Ltd. director Dar Rami reported initial holdings of employee stock options over Ordinary Shares. The Form 3 shows several option grants with exercise prices between $0.052 and $0.085, expiring between 2032 and 2034, granted under the 2003 Amended and Restated Share Incentive Plan.
One grant over 2,055,000 underlying shares at an exercise price of $0.052 includes 856,200 options vested as of the appointment date, with the remaining 1,198,800 vesting in seven equal quarterly installments, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Dar Rami
Role
Director
| 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) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 1,080,000 shares (Direct)
Footnotes (1)
- Options granted under the 2003 Amended and Restated Share Incentive Plan. The grant date of this grant is July 3, 2022. This option grant is fully vested as of this date. The grant date of this grant is July 3, 2023. This option grant is fully vested as of this date. The grant date of this grant is July 3, 2024. This option grant is fully vested as of this date. The grant date of this grant is October 1, 2024. As of this date, 856,200 of the options were vested as of the date of appointment. The remaining 1,198,800 options will vest in 7 equal 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.
Key Figures
Option grant 1: 1,080,000 shares at $0.085
Option grant 2: 360,000 shares at $0.081
Option grant 3: 360,000 shares at $0.085
+3 more
6 metrics
Option grant 1
1,080,000 shares at $0.085
Employee Stock Option, expires July 3, 2032
Option grant 2
360,000 shares at $0.081
Employee Stock Option, expires July 3, 2033
Option grant 3
360,000 shares at $0.085
Employee Stock Option, expires July 3, 2032
Option grant 4
2,055,000 shares at $0.052
Employee Stock Option, expires August 14, 2034
Vested portion of 2024 grant
856,200 options vested
Vested as of appointment date on October 1, 2024
Unvested portion of 2024 grant
1,198,800 options unvested
To vest in seven equal quarterly installments
Key Terms
Employee Stock Option (Right to Buy), 2003 Amended and Restated Share Incentive Plan, Ordinary Shares, Section 102 of the Israeli Tax Ordinance, +1 more
5 terms
Employee Stock Option (Right to Buy) financial
"security_title: "Employee Stock Option (Right to Buy)""
Section 102 of the Israeli Tax Ordinance regulatory
"To qualify for certain tax benefits under Section 102 of the Israeli Tax Ordinance,"
vesting financial
"The remaining 1,198,800 options will vest in 7 equal quarterly installments,"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What does the BioLineRx (BLRX) Form 3 for Dar Rami show?
The Form 3 shows that director Dar Rami holds several employee stock options over BioLineRx Ordinary Shares. These options have exercise prices from $0.052 to $0.085 and expiration dates between 2032 and 2034, all granted under the 2003 Amended and Restated Share Incentive Plan.
What are the exercise prices of Dar Rami’s BioLineRx (BLRX) stock options?
The reported employee stock options carry exercise prices of $0.085, $0.081, $0.085 and $0.052 per Ordinary Share. These exercise prices, disclosed in the Form 3, define the cost at which Dar Rami can purchase BioLineRx shares through the respective option grants.
How do Dar Rami’s BioLineRx (BLRX) options vest over time?
The filing notes one grant dated October 1, 2024, where 856,200 options were vested as of the appointment date. The remaining 1,198,800 options from this grant will vest in seven equal quarterly installments, subject to Dar Rami’s continued service to BioLineRx at each vesting date.
When do Dar Rami’s BioLineRx (BLRX) stock options expire?
The option grants reported in the Form 3 have expiration dates of July 3, 2032, July 3, 2033, July 3, 2032 and August 14, 2034. These dates indicate the final day on which each employee stock option can be exercised for BioLineRx Ordinary Shares.
Under which plan were Dar Rami’s BioLineRx (BLRX) options granted?
All of the reported employee stock options were granted under BioLineRx’s 2003 Amended and Restated Share Incentive Plan. A footnote explains that, to qualify for certain Section 102 Israeli tax benefits, securities issued to employees must be registered in a trustee’s name.