GoodRx (NASDAQ: GDRX) CAO Thomas Chan reports stock, options and RSUs
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
GoodRx Holdings, Inc. filed an initial ownership report for Chief Accounting Officer Thomas Chan. The filing shows direct ownership of 1,000 shares of Class A common stock, multiple stock options to buy Class A shares at exercise prices between $4.67 and $7.61 per share with expirations from 2032 to 2035, and several restricted stock unit awards. The options and RSUs vest in quarterly installments, generally over four-year schedules, conditioned on Mr. Chan’s continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Chan Thomas (TC)
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 1,969 shares (Direct, null);
Stock Option (Right to Buy) — 28,064 shares (Direct, null);
Class A Common Stock — 1,000 shares (Direct, null)
Footnotes (1)
- This restricted stock units award vests with respect to 1/16 of the award in quarterly installments on September 15, 2022 and on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through each applicable vesting date. Each restricted stock unit represents a contingent right to receive one share of Class A common stock. This restricted stock units award vests with respect to 1/16 of the award in quarterly installments on November 15, 2022 and on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through each applicable vesting date. This restricted stock units award vests with respect to 1/16 of the award in quarterly installments on August 15, 2023 and on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through each applicable vesting date. This restricted stock units award vests with respect to 1/16 of the award in quarterly installments on June 15, 2024 and on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through each applicable vesting date. This restricted stock units award vests with respect to 1/16 of the award in quarterly installments on May 15, 2025 and on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through each applicable vesting date. This restricted stock units award vests with respect to 1/12 of the award in quarterly installments on April 15, 2026 and on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through each applicable vesting date. This option vests and became exercisable with respect to 1/16 of the total number of shares underlying the option in quarterly installments on November 15, 2022 and on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through each applicable vesting date. This option vests and became exercisable with respect to 1/16 of the total number of shares underlying the option in quarterly installments on August 15, 2023 and on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through each applicable vesting date. This option vests and became exercisable with respect to 1/16 of the total number of shares underlying the option in quarterly installments on June 15, 2024 and on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through each applicable vesting date. This option vests and became exercisable with respect to 1/16 of the total number of shares underlying the option in quarterly installments on May 15, 2025 and on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through each applicable vesting date.
Key Figures
Direct common shares: 1,000 shares
Option strike price: $4.67/share
Option strike price: $7.61/share
+5 more
8 metrics
Direct common shares
1,000 shares
Class A common stock held directly after Form 3
Option strike price
$4.67/share
Stock option on 22,429 underlying Class A shares, expiring 2035-03-04
Option strike price
$7.61/share
Stock option on 14,633 underlying Class A shares, expiring 2034-03-05
Option strike price
$5.22/share
Stock option on 12,825 underlying Class A shares, expiring 2033-05-23
Option strike price
$6.42/share
Stock option on 28,064 underlying Class A shares, expiring 2032-09-14
Largest RSU block
63,717 units
Restricted Stock Units representing Class A shares, vesting quarterly
Additional RSU block
31,640 units
Restricted Stock Units representing Class A shares, vesting quarterly
Smaller RSU block
16,807 units
Restricted Stock Units representing Class A shares, vesting quarterly
Key Terms
Restricted Stock Unit, Stock Option (Right to Buy), exercise price, vests in quarterly installments, +1 more
5 terms
Restricted Stock Unit financial
"This restricted stock units award vests with respect to 1/16 of the award in quarterly installments"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Stock Option (Right to Buy) financial
"This option vests and became exercisable with respect to 1/16 of the total number of shares"
exercise price financial
"conversion_or_exercise_price: "4.6700""
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.
vests in quarterly installments financial
"vests with respect to 1/16 of the award in quarterly installments"
Class A common stock financial
"Each restricted stock unit represents a contingent right to receive one share of Class A common stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What does the GoodRx (GDRX) Form 3 filing for Thomas Chan show?
The Form 3 shows Chief Accounting Officer Thomas Chan’s initial holdings: 1,000 Class A common shares, several stock options, and multiple restricted stock unit awards that vest quarterly over time, all held directly as part of his compensation package.
What stock options are reported for Thomas Chan in the GoodRx (GDRX) Form 3?
The filing lists several stock options to buy Class A shares, including 22,429 shares at an exercise price of $4.67, 14,633 shares at $7.61, 12,825 shares at $5.22, and 28,064 shares at $6.42, expiring between 2032 and 2035.
What restricted stock units does Thomas Chan hold in GoodRx (GDRX)?
Thomas Chan holds multiple restricted stock unit awards tied to Class A common stock, including blocks of 63,717, 31,640, 16,807, 8,431, 2,504, and 1,969 units. Each unit represents a contingent right to receive one share, subject to vesting conditions.
How do Thomas Chan’s GoodRx (GDRX) restricted stock units vest?
The restricted stock units generally vest in quarterly installments, often 1/16 of each award, beginning on specific dates such as September 15, 2022 and later anniversaries. Vesting is conditioned on Mr. Chan’s continued service through each applicable vesting date.
How do Thomas Chan’s GoodRx (GDRX) stock options vest and become exercisable?
His stock options vest and become exercisable in quarterly installments, typically 1/16 of the total underlying shares starting on dates like November 15, 2022. Continued service through each quarterly anniversary is required for additional tranches to vest.