Bitdeer Technologies Group (BTDR) CFO reports long-dated option grants
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Bitdeer Technologies Group CFO Jianchun Liu reported existing holdings of share options for Class A Ordinary Shares. These include options over 300,300 shares at an exercise price of $3.50 per share expiring on August 1, 2031, 12,012 shares at $3.50 expiring on January 1, 2032, and 50,000 shares at $6.96 expiring on April 1, 2034.
According to the footnotes, 252,252 shares under the first option are vested and exercisable, with 48,048 more scheduled to vest on January 1, 2027, subject to continued service. All shares under the second option are vested and exercisable, while the third option vests 20% on April 1, 2025 and the remaining 80% in four equal annual installments, also subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Jianchun Liu
Role
CFO, Business Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Share Option (right to buy) — 300,300 shares (Direct)
Footnotes (1)
- 252,252 of the total shares subject to the option have become vested and exercisable as of the date hereof, and 48,048 of the shares subject to the option shall become vested on January 1, 2027, subject to the Reporting Person's continued service with the Issuer on such vesting date. All shares subject to the option have become vested and exercisable. 20% of the total shares subject to the option have become vested and exercisable on April 1, 2025, and remaining shares subject to the option shall become vested annually in equal installments of 20% on April 1st of each of the four subsequent years, subject to the Reporting Person's continued service with the Issuer on each such vesting date.
Key Figures
Option 1 underlying shares: 300,300 shares
Option 1 exercise price: $3.50/share
Option 1 vested portion: 252,252 shares
+4 more
7 metrics
Option 1 underlying shares
300,300 shares
Share option at $3.50, expires August 1, 2031
Option 1 exercise price
$3.50/share
Exercise price for 300,300 underlying Class A Ordinary Shares
Option 1 vested portion
252,252 shares
Vested and exercisable as of reporting date
Option 1 future vesting
48,048 shares
Scheduled to vest on January 1, 2027, subject to continued service
Option 2 underlying shares
12,012 shares
Share option at $3.50, expires January 1, 2032, fully vested
Option 3 underlying shares
50,000 shares
Share option at $6.96, expires April 1, 2034
Option 3 initial vesting
20%
Vests on April 1, 2025, remaining 80% in four annual 20% installments
Key Terms
Share Option (right to buy), Class A Ordinary Shares, vested and exercisable, vesting date
4 terms
vested and exercisable financial
"All shares subject to the option have become vested and exercisable."
vesting date financial
"subject to the Reporting Person's continued service ... on such vesting date."
FAQ
What does Bitdeer (BTDR) CFO Jianchun Liu report in this Form 3?
The Form 3 shows Jianchun Liu’s existing share option holdings in Bitdeer Technologies Group, including three option grants over Class A Ordinary Shares with different exercise prices, expirations, and vesting schedules that outline when the options become exercisable.
When do Jianchun Liu’s Bitdeer (BTDR) options expire?
The options expire on August 1, 2031 for 300,300 shares, January 1, 2032 for 12,012 shares, and April 1, 2034 for 50,000 shares, providing long-dated potential exercise windows if vesting and service conditions are met.
How much of Bitdeer (BTDR) CFO Jianchun Liu’s first option grant is vested?
For the first option, 252,252 shares are vested and exercisable as of the reporting date. An additional 48,048 shares are scheduled to vest on January 1, 2027, contingent on Liu’s continued service with Bitdeer Technologies Group.
Are all of Jianchun Liu’s Bitdeer (BTDR) options currently exercisable?
All shares under the second option grant are vested and exercisable. The first and third grants are only partially vested, with remaining portions vesting on specified future dates, subject to Jianchun Liu’s continued service with the company.
How does the third Bitdeer (BTDR) option for Jianchun Liu vest over time?
For the third option over 50,000 shares at $6.96, 20% vests on April 1, 2025. The remaining shares vest in four equal annual 20% installments each April 1 thereafter, conditioned on continued service with Bitdeer Technologies Group.