Imperial Petroleum (IMPP) director Xiradakis details share and option holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Imperial Petroleum Inc. director Georgios Xiradakis filed an initial ownership report showing his existing stake in the company. He directly holds 19,375 shares of Common Stock as of the filing date.
He also holds stock options over 7,000 shares of Common Stock at an exercise price of $3.6000 per share, expiring on April 12, 2034, with 50% already vested and the remaining 50% vesting on April 12, 2026 subject to continued service. In addition, he holds stock options over 9,375 shares at an exercise price of $1.6000 per share, expiring on October 30, 2033, which are fully vested. The filing reflects holdings rather than new share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Xiradakis Georgios
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 7,000 shares (Direct);
Common Stock — 19,375 shares (Direct)
Footnotes (1)
- 50% of the shares subject to such option are vested and exercisable. The remaining 50% of the shares subject to such option vest and become exercisable on April 12, 2026, subject to the Reporting Person's continuous service to the Issuer on such date. Fully vested.
FAQ
What does Georgios Xiradakis report owning in Imperial Petroleum (IMPP) on this Form 3?
He reports direct ownership of 19,375 shares of Imperial Petroleum Common Stock. The filing also lists his stock option awards over additional shares, giving investors a clear picture of his current equity interest and incentive alignment with the company.
What stock options does Georgios Xiradakis hold in Imperial Petroleum (IMPP)?
He holds options over 7,000 shares at $3.6000 expiring April 12, 2034, and options over 9,375 shares at $1.6000 expiring October 30, 2033. These options give him the right to buy Imperial Petroleum shares at those prices.
How much of Georgios Xiradakis’s Imperial Petroleum (IMPP) option grant is vested?
For the 7,000-share option at $3.6000, 50% is vested and exercisable, while the remaining 50% vests on April 12, 2026 subject to continuous service. The 9,375-share option at $1.6000 is described as fully vested.
Does this Imperial Petroleum (IMPP) Form 3 show any insider buying or selling by Georgios Xiradakis?
No. The Form 3 functions as an initial statement of beneficial ownership and only lists existing Common Stock and option holdings. It does not report new open-market purchases, sales, or option exercises in Imperial Petroleum shares.
Why is Georgios Xiradakis filing a Form 3 for Imperial Petroleum (IMPP)?
Form 3 is required when someone becomes a director, officer, or significant owner. This filing shows director Georgios Xiradakis’s starting ownership position in Imperial Petroleum, including his 19,375 common shares and vested and unvested stock options tied to future service.