Esquire Financial (NASDAQ: ESQ) CTO reports initial equity holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Esquire Financial Holdings, Inc. executive Martin S. Korn, EVP and CTO, reported his initial ownership of company equity. He holds 20,382 shares of common stock indirectly through a trust and 18,417 shares directly, including restricted stock that vests in equal annual installments beginning on various December dates from 2024 through 2028. He also holds several stock option awards on common stock, fully or time-vested, covering tranches of 2,000–6,500 underlying shares each, with exercise prices from $19.25 to $106.23 per share and expiration dates between 2028 and 2035.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Korn Martin S.
Role
EVP and CTO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 5,000 shares (Direct, null);
Common Stock — 18,417 shares (Direct, null);
Common Stock — 20,382 shares (Indirect, By Trust)
Footnotes (1)
- Includes shares of restricted stock which vest in three equal annual installments commencing on December 16, 2024. Includes shares of restricted stock which vest in three equal annual installments commencing on December 9, 2025. Includes shares of restricted stock which vest in three equal annual installments commencing on December 19, 2026. Includes shares of restricted stock which vest in three equal annual installments commencing on December 3, 2027. Includes shares of restricted stock which vest in three equal annual installments commencing on December 15, 2027. Includes shares of restricted stock which vest in three equal annual installments commencing on December 10, 2028. Stock options are fully vested. Stock options vest in three equal annual installments commencing on December 15, 2024. Stock options vest in three equal annual installments commencing on December 3, 2025. Stock options vest in three equal annual installments commencing on December 10, 2026.
Key Figures
Indirect common stock: 20,382 shares
Direct common stock: 18,417 shares
Option tranche: 2,000 shares at $106.23
+3 more
6 metrics
Indirect common stock
20,382 shares
Held by trust as of Form 3 filing
Direct common stock
18,417 shares
Direct ownership including restricted stock
Option tranche
2,000 shares at $106.23
Stock options on common stock, expiring 2035-12-10
Option tranche
6,500 shares at $20.85
Stock options on common stock, expiring 2030-12-16
Option tranche
5,000 shares at $19.25
Stock options on common stock, expiring 2028-01-23
Restricted stock vesting
Three equal annual installments
Commencing on dates from 2024-12-16 to 2028-12-10
Key Terms
restricted stock, stock options, indirect ownership, exercise price, +1 more
5 terms
restricted stock financial
"Includes shares of restricted stock which vest in three equal annual installments"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
stock options financial
"Stock options are fully vested."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
indirect ownership financial
"direct_or_indirect": "I" and nature_of_ownership": "By Trust""
exercise price financial
""exercisePrice": "19.2500" for stock options on common stock"
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": "2028-01-23T00:00:00.000Z" for stock options"
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.
FAQ
What does the Form 3 for Esquire Financial (ESQ) by Martin S. Korn show?
It shows Martin S. Korn’s initial equity ownership in Esquire Financial. He reports indirect and direct common stock holdings plus several stock option grants on common shares, with detailed vesting schedules, exercise prices, and expiration dates for each option award.
What stock options does Martin S. Korn report in Esquire Financial (ESQ) Form 3?
He reports multiple stock option awards on Esquire Financial common stock. Underlying share amounts range from 2,000 to 6,500, with exercise prices between $19.25 and $106.23 per share and expiration dates from 2028 through 2035.
Are Martin S. Korn’s Esquire Financial (ESQ) stock options vested?
Some options are fully vested, while others vest in three equal annual installments. Footnotes specify that certain stock options begin vesting on December 15, 2024, December 3, 2025, and December 10, 2026, providing a staggered vesting schedule over several years.
What do the restricted stock footnotes in the Esquire Financial (ESQ) Form 3 mean?
They explain that portions of Korn’s reported common stock are restricted shares that vest in three equal annual installments. Vesting start dates include December 16, 2024, December 9, 2025, December 19, 2026, December 3, 2027, December 15, 2027, and December 10, 2028.
Does the Esquire Financial (ESQ) Form 3 show any recent stock purchases or sales by Martin S. Korn?
No specific purchases or sales are identified. The entries are characterized as holdings, with transaction codes treated as unknown and all transactions categorized as ownership records rather than explicit open-market buys or sells in this disclosure snapshot.