Nova Minerals (NVA) CEO details options and performance rights stake
Rhea-AI Filing Summary
Nova Minerals Ltd CEO Christopher Gerteisen reports his current equity stake in the company, focusing on options, performance rights, and ordinary shares. He holds 1,700,281 ordinary shares directly and 200,000 ordinary shares indirectly through AJ Holdings International Limited.
Gersteisen also has stock options over 4,125,000 underlying ordinary shares with an exercise price of $0.4500 per share, expiring on December 23, 2028. Some options are already fully vested and exercisable, while others vest upon achieving operational and sales milestones by the end of 2026, subject to continued employment.
In addition, AJ Holdings International Limited holds performance rights over 600,000 underlying ordinary shares at a zero exercise price, expiring on November 25, 2026. These performance rights convert into ordinary shares only if specified operational and financial milestones are met; none of these milestones had been attained as of the report date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Stock Option (right to buy) | -- | -- | -- |
| holding | Class B Stock Option (right to buy) | -- | -- | -- |
| holding | Class C Stock Option (right to buy) | -- | -- | -- |
| holding | Class D Stock Option (right to buy) | -- | -- | -- |
| holding | Class A Performance Right | -- | -- | -- |
| holding | Class B Performance Right | -- | -- | -- |
| holding | Class C Performance Right | -- | -- | -- |
| holding | Ordinary Shares, no par value | -- | -- | -- |
| holding | Ordinary Shares, no par value | -- | -- | -- |
Footnotes (1)
- The shares subject to the option are fully vested and currently exercisable. Shares subject to the option will vest upon the completion of certain operational milestones by the end of 2026, subject to continuing employment by reporting person through the vesting date. The milestones have not been achieved as of the date of this report. Shares subject to the option will vest upon achieving certain sales milestones, subject to continuing employment by reporting person through the vesting date. The milestones have not been achieved as of the date of this report. Each performance right represents the right to receive a fully paid ordinary share subject to certain operational and financial milestones prior to the expiration date. The performance rights convert into ordinary shares as soon as the milestone is met. None of the milestones have been attained as of the date of this report. The reporting person has voting and investment control of this entity due to his 100% ownership of and role as sole director of the entity.
