Regencell (RGC) director discloses fully vested option on 592,230 shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Regencell Bioscience Holdings Ltd director Evana Yee Wah Hui has reported her initial ownership of a stock option position in a Form 3 filing. The option gives her the right to purchase up to 592,230 ordinary shares at an exercise price of $0.2500 per share.
The option was granted on June 9, 2021 under the company’s 2021 Share Option Plan. It vested in equal portions on each of the four anniversaries of the closing of Regencell’s initial public offering and is now fully vested. The expiration date is 10 years from the dates the options became vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HUI EVANA YEE WAH
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock option (right to purchase) | -- | -- | -- |
Holdings After Transaction:
Stock option (right to purchase) — 592,230 shares (Direct)
Footnotes (1)
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FAQ
What does the Regencell Bioscience (RGC) Form 3 filing show?
The Form 3 shows director Evana Yee Wah Hui’s initial reported ownership of a stock option. The option covers 592,230 ordinary shares at an exercise price of $0.2500 per share under the 2021 Share Option Plan and is now fully vested.
What is the exercise price of the Regencell (RGC) director’s stock option?
The exercise price of the director’s stock option is $0.2500 per underlying ordinary share. This means she can purchase each of the 592,230 ordinary shares at $0.2500, according to the terms of the 2021 Share Option Plan grant.
When was the Regencell (RGC) stock option granted to the director?
The option was granted on June 9, 2021 under Regencell Bioscience’s 2021 Share Option Plan. It vested in four equal parts on each anniversary of the company’s initial public offering closing and is now fully vested, according to the filing footnote.
How does the Regencell (RGC) director’s option vest and expire?
The option vested equally on each of the four anniversaries of Regencell’s initial public offering closing and is now fully vested. The filing states the expiration date is 10 years from the dates the options become vested, defining a long-dated derivative position.