PRF Technologies (PRFX) COO lists vested and future option rights
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
PRF Technologies Ltd. filed a Form 3 for Chief Operating Officer Aviel Sigal, detailing existing employee stock option holdings over a total of 3,759 underlying ordinary shares. These options were granted under the 2019 PainReform Option Plan and are subject to Israeli Section 102 trustee arrangements.
Several grants are already fully vested, with grant dates on September 5, 2019, November 23, 2022, and October 10, 2024. A grant covering 3,000 underlying shares dated February 20, 2025 has 750 options vested at appointment, with the remaining 2,250 scheduled to vest in equal quarterly installments beginning on May 20, 2026, until fully vested on the three-year anniversary of the grant date, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Aviel Sigal
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy)(1)( 2) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy)(1)( 2) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy)(1)( 2) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 43 shares (Direct);
Employee Stock Option (Right to Buy)(1)( 2) — 104 shares (Direct)
Footnotes (1)
- Options granted under the 2019 PainReform Option Plan. To qualify for certain tax benefits under Section 102 of the Israeli Tax Ordinance, securities issued to an employee in connection with the 2019 PainReform Option Plan must be registered in the name of a trustee. The grant date of this grant is September 5, 2019. This option grant is fully vested as of this date. The grant date of this grant is November 23, 2022. This option grant is fully vested as of this date. The grant date of this grant is October 10, 2024. This option grant is fully vested as of this date. The grant date of this grant is February 20, 2025. 750 of the options were vested as of the date of appointment. The remaining 2,250 options will vest in equal quarterly installments beginning on May 20, 2026 until fully vested on the three-year anniversary of the grant date, subject to the Reporting Person's continued service to the Issuer as of each vesting date.
FAQ
What does PRF Technologies (PRFX) disclose in Aviel Sigal’s Form 3?
The Form 3 discloses Chief Operating Officer Aviel Sigal’s existing employee stock option holdings over 3,759 underlying ordinary shares. It lists exercise prices, expiration dates, grant dates, and vesting status for each option grant under the 2019 PainReform Option Plan.
What are the key terms of Aviel Sigal’s largest PRFX option grant?
The largest grant covers 3,000 underlying ordinary shares with an exercise price of 15.7500 per share and an expiration date of February 20, 2035. Footnotes explain that 750 options vested at appointment and 2,250 will vest in equal quarterly installments, subject to continued service.
Are Aviel Sigal’s PRFX options held under a specific option plan or tax regime?
Yes. The options were granted under the 2019 PainReform Option Plan. To qualify for certain tax benefits under Section 102 of the Israeli Tax Ordinance, the securities issued to the employee must be registered in the name of a trustee, as described in the footnotes.
Which PRF Technologies option grants for Aviel Sigal are already fully vested?
Option grants with grant dates of September 5, 2019, November 23, 2022, and October 10, 2024 are fully vested. Each corresponds to different exercise prices and underlying share amounts, reflecting prior compensation awards that have completed their vesting schedules.