Finwise Bancorp (NASDAQ: FINW) officer Arias details stock and option holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Finwise Bancorp officer Juan Carlos Arias filed an initial ownership report showing his current stake in FINW. He directly holds 8,992 common shares and indirectly holds additional shares through an IRA, his spouse’s IRA, and a UTMA account for a child.
He also holds employee stock options covering 1,200 common shares at an exercise price of $10.30 per share, expiring on November 13, 2033. According to the vesting schedule, 600 options have vested and 900 unvested options will vest in equal annual installments beginning on November 13, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Arias Juan Carlos
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 1,200 shares (Direct);
Common Stock, par value $0.001 per share — 8,992 shares (Direct);
Common Stock, par value $0.001 per share — 607 shares (Indirect, By IRA)
Footnotes (1)
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Key Figures
Direct common shares: 8,992 shares
IRA indirect shares: 607 shares
Spouse IRA shares: 380 shares
+5 more
8 metrics
Direct common shares
8,992 shares
Total direct FINW common stock holding as of Form 3
IRA indirect shares
607 shares
Common stock held indirectly by IRA
Spouse IRA shares
380 shares
Common stock held indirectly by IRA - Wife
UTMA custodial shares
100 shares
Common stock held as UTMA custodian for child
Option underlying shares
1,200 shares
Employee stock options for common stock
Option exercise price
$10.30 per share
Employee stock option exercise price
Vested options
600 options
Portion of original 1,500 options currently vested
Unvested options
900 options
Options vest in equal annual installments from Nov 13, 2026
Key Terms
Employee Stock Option (Right to Buy), UTMA custodian, IRA, unvested, +1 more
5 terms
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
UTMA custodian financial
"nature_of_ownership: By UTMA custodian for child"
IRA financial
"nature_of_ownership: By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
unvested financial
"900 stock options remain unvested, which will vest and become exercisable"
exercisable financial
"will vest and become exercisable in equal installments"
FAQ
What does the Form 3 filing by FINW officer Juan Carlos Arias show?
The Form 3 shows Juan Carlos Arias’ initial ownership in Finwise Bancorp (FINW), including direct and indirect common stock holdings plus employee stock options that can convert into additional shares under a stated vesting schedule and exercise price.
What indirect FINW holdings are reported for Juan Carlos Arias on Form 3?
The filing reports indirect ownership of 607 shares by an IRA, 380 shares by an IRA of his wife, and 100 shares held by him as UTMA custodian for a child, in addition to his direct common stock holdings in Finwise Bancorp.
What employee stock options in FINW does Juan Carlos Arias report?
He reports employee stock options to acquire 1,200 shares of Finwise Bancorp common stock at an exercise price of $10.30 per share, expiring on November 13, 2033. These options reflect a remaining balance after a prior exercise of 300 options.
How do the FINW stock options for Juan Carlos Arias vest over time?
Of the original 1,500 stock options granted on November 13, 2023, 600 options are vested and 900 options remain unvested. The unvested 900 options will vest and become exercisable in equal annual installments starting on November 13, 2026.