Prenetics Global (NASDAQ: PRE) director gets 6,406 RSUs grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cheng Yin Pan reported acquisition or exercise transactions in this Form 4 filing.
Prenetics Global Ltd director Cheng Yin Pan, through wholly owned entity M13 Capital Management Holdings Ltd, received a grant of 6,406 Restricted Stock Units under the company’s 2022 Share Incentive Plan. Each RSU represents the right to receive one Class A Ordinary Share.
The 6,406 RSUs are scheduled to vest on May 17, 2027, subject to continued service. After this grant, indirect holdings reported for this award total 22,279 RSUs. Vested RSUs are not automatically settled; delivery of Class A Ordinary Shares occurs at Cheng Yin Pan’s election in line with the company’s insider trading policy.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cheng Yin Pan, M13 Capital Management Holdings Ltd
Role
null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 6,406 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 22,279 shares (Indirect, By M13 Capital Management Holdings Limited)
Footnotes (1)
- Each of the 6,406 Restricted Stock Units ("RSUs"), granted under the Issuer's 2022 Share Incentive Plan, represents the contingent right to receive one Class A Ordinary Share. The RSUs vest in accordance with the following schedule, subject to continued service: May 17, 2027: 6,406 (6,406 Class A Ordinary Shares). M13 Capital Management Holdings Limited's vested RSUs are not automatically settled upon vesting. Settlement and delivery of Class A Ordinary Shares in respect of vested RSUs occurs at Cheng Yin Pan's election, in accordance with the Issuer's insider trading policy. M13 Capital Management Holdings Limited is a British Virgin Islands company wholly owned by Cheng Yin Pan.
Key Figures
RSUs granted: 6,406 RSUs
Indirect RSU holdings after grant: 22,279 RSUs
RSU vesting date: May 17, 2027
+3 more
6 metrics
RSUs granted
6,406 RSUs
Grant on May 26, 2026 under 2022 Share Incentive Plan
Indirect RSU holdings after grant
22,279 RSUs
Total reported following this transaction
RSU vesting date
May 17, 2027
All 6,406 RSUs vest on this date, subject to service
RSU-to-share ratio
1 RSU : 1 share
Each RSU equals one Class A Ordinary Share
Expiration date
May 18, 2033
Derivative security expiration for the RSUs
Par value per share
$0.0015 per share
Class A Ordinary Share par value
Key Terms
Restricted Stock Unit, 2022 Share Incentive Plan, Class A Ordinary Share, insider trading policy, +1 more
5 terms
Restricted Stock Unit financial
"Each of the 6,406 Restricted Stock Units ("RSUs"), granted under the Issuer's 2022 Share Incentive Plan, represents the contingent right to receive one Class A Ordinary Share."
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.
insider trading policy regulatory
"Settlement and delivery of Class A Ordinary Shares in respect of vested RSUs occurs at Cheng Yin Pan's election, in accordance with the Issuer's insider trading policy."
A written set of rules that tells employees, executives and board members what information they may not use to buy or sell a company's stock and when trading is allowed. Think of it as a playbook or house rules that prevent people with secret knowledge from getting an unfair advantage; it matters to investors because it helps protect fair markets, preserves trust in management, and reduces the risk of legal penalties that can hurt a company’s value.
par value financial
"Class A Ordinary Share, par value $0.0015 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
What insider transaction did Prenetics Global (PRE) report for Cheng Yin Pan?
Prenetics Global reported a grant of 6,406 Restricted Stock Units to entity M13 Capital Management Holdings Ltd, wholly owned by director Cheng Yin Pan. Each RSU represents a contingent right to receive one Class A Ordinary Share, subject to vesting conditions.
How many Prenetics (PRE) RSUs does Cheng Yin Pan indirectly hold after this Form 4?
Following the reported grant, indirect holdings related to this award total 22,279 Restricted Stock Units. These RSUs are held through M13 Capital Management Holdings Ltd, a British Virgin Islands company wholly owned by Cheng Yin Pan, as disclosed in the filing footnotes.
When do the newly granted Prenetics (PRE) RSUs for M13 Capital Management vest?
All 6,406 Restricted Stock Units granted under Prenetics’ 2022 Share Incentive Plan vest on May 17, 2027, subject to continued service. Upon vesting, each RSU entitles the holder to receive one Class A Ordinary Share, if settlement is elected.
How are Prenetics (PRE) RSUs held by M13 Capital Management settled after vesting?
Vested RSUs held by M13 Capital Management are not automatically settled. Delivery of Class A Ordinary Shares occurs only when Cheng Yin Pan elects settlement, in accordance with Prenetics’ insider trading policy, as described in the Form 4 footnotes.
What security type was reported in Prenetics Global (PRE) director’s Form 4?
The Form 4 reports a derivative security: Restricted Stock Units that convert into Class A Ordinary Shares. Each of the 6,406 RSUs represents the contingent right to receive one Class A Ordinary Share with a par value of $0.0015 per share.