ELTEK (NASDAQ: ELTK) CIO discloses 25,000 employee stock options in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
ELTEK LTD reported that Chief Information Officer Yaniv Luria holds employee stock options over 10,000 ordinary shares with an exercise price of $9.78 expiring on August 14, 2034, and options over 15,000 ordinary shares at $8.82 expiring on March 8, 2036. Both option grants vest over four years, with 25% vesting after one year from the grant date and 6.25% at the end of each following quarter.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Luria Yaniv
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option — 10,000 shares (Direct)
Footnotes (1)
- The option agreement provides that the option will become exercisable over a four-year period. Twenty-five percent (25%) of the options will become exercisable on the first anniversary of the grant date, and an additional 6.25% will become exercisable at the end of each subsequent quarter thereafter. The option was granted on August 14, 2024 The option agreement provides that the option will become exercisable over a four-year period. Twenty-five percent (25%) of the options will become exercisable on the first anniversary of the grant date, and an additional 6.25% will become exercisable at the end of each subsequent quarter thereafter. The option was granted on March 8, 2026
Key Figures
Underlying shares (grant 1): 10,000 shares
Exercise price (grant 1): $9.78 per share
Underlying shares (grant 2): 15,000 shares
+2 more
5 metrics
Underlying shares (grant 1)
10,000 shares
Employee stock option, exercise price $9.78, expires August 14, 2034
Exercise price (grant 1)
$9.78 per share
Employee stock option on 10,000 underlying ordinary shares
Underlying shares (grant 2)
15,000 shares
Employee stock option, exercise price $8.82, expires March 8, 2036
Exercise price (grant 2)
$8.82 per share
Employee stock option on 15,000 underlying ordinary shares
Vesting pattern
25% then 6.25% quarterly
Four-year vesting for each option grant from its grant date
Key Terms
Employee Stock Option, underlying security, exercise price, expiration date, +1 more
5 terms
Employee Stock Option financial
"security_title: "Employee Stock Option" for both derivative holdings"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
underlying security financial
"underlying_security_title: "Ordinary share" describes the underlying security"
exercise price financial
"conversion_or_exercise_price fields of $9.7800 and $8.8200"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date fields in 2034-08-14 and 2036-03-08"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vesting financial
"footnotes describe options becoming exercisable over a four-year period"
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 ELTK’s Form 3 filing by Yaniv Luria show?
The Form 3 shows Chief Information Officer Yaniv Luria holds employee stock options in ELTEK LTD. These options relate to 25,000 ordinary shares in total, split between two grants with different exercise prices and expiration dates, vesting gradually over a four-year schedule.
What are the exercise prices of Yaniv Luria’s ELTK stock options?
The disclosed options have exercise prices of $9.78 and $8.82 per ordinary share. Each price applies to a separate grant, reflecting different award dates and expiration dates, and both grants vest over four years under their respective option agreements.
When do Yaniv Luria’s ELTK stock options expire?
One option grant expires on August 14, 2034, and the other on March 8, 2036. These long-dated expirations give the holder an extended period in which vested portions of the options can potentially be exercised, subject to the terms of each agreement.
How do Yaniv Luria’s ELTK options vest over time?
Each option grant vests over four years, with 25% of the options becoming exercisable on the first anniversary of the grant date. An additional 6.25% vests at the end of each following quarter until the full grant is vested under the agreement.