Frontier Nuclear & Minerals (FNUC) CEO Form 3 details options, RSUs, shares
Rhea-AI Filing Summary
Frontier Nuclear & Minerals Inc. filed a Form 3 showing the initial equity holdings of Chief Executive Officer Wheatley Frank David. As of the filing, he directly holds stock options over 19,231 common shares at an exercise price of $5.0000 per share, expiring on July 14, 2026, and these options are fully vested.
He also holds restricted stock units representing 29,846 common shares. Of these, 3,846 RSUs vest if the company’s market capitalization exceeds $150 million for 10 consecutive trading days, and 26,000 RSUs vest on the earlier of June 30, 2026 or reaching the same market capitalization threshold for 10 consecutive trading days. The RSUs do not expire, and each RSU converts into one common share upon vesting. In addition, he directly owns 7,692 common shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (1)
- The Stock Options are fully vested. The Restricted Stock Units (RSUs) were granted on July 21, 2025. The RSUs will vest in accordance with the following schedule: (i) 3,846 vest upon the volume weighted average price of the Issuers common shares exceeding a market capitalization of US$150 million for 10 consecutive trading days, and (ii) 26,000 vest on the earlier of June 30, 2026 or the market capitalization of the Issuer exceeding US$150 million for 10 consecutive trading days. The RSUs do not expire. Each RSU represents a contingent right to receive one Common Share.