Similarweb (NYSE: SMWB) director discloses shares, options and RSU grants
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
SIMILARWEB LTD. director Benjamin Seror filed an initial ownership report detailing his equity position in the company. He directly holds 316,250 ordinary shares and two fully vested option grants covering 18,750 and 231,250 underlying ordinary shares, with exercise prices of 2.3800 and 3.0400 and expirations in November 2030 and January 2031. He also holds several restricted share unit (RSU) awards representing 18,750, 40,000, 60,000 and 80,000 ordinary shares, each vesting 25% after one year and the remainder in 12 quarterly installments starting on 02/15/2024, 02/15/2025, 02/15/2026 and 02/15/2027, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Seror Benjamin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options to purchase one Ordinary Share | -- | -- | -- |
| holding | Options to purchase one Ordinary Share | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Restricted Share Units, each representing one Ordinary Share | -- | -- | -- |
| holding | Restricted Share Units, each representing one Ordinary Share | -- | -- | -- |
| holding | Restricted Share Units, each representing one Ordinary Share | -- | -- | -- |
| holding | Restricted Share Units, each representing one Ordinary Share | -- | -- | -- |
Holdings After Transaction:
Options to purchase one Ordinary Share — 18,750 shares (Direct);
Ordinary Shares — 316,250 shares (Direct);
Restricted Share Units, each representing one Ordinary Share — 18,750 shares (Direct)
Footnotes (1)
- The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Similarweb Ltd (the "Company"). The RSUs vest in 25% after one year period & 12 equal installments every quarter afterwards with the first vesting date on 02/15/2024, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Similarweb Ltd (the "Company"). The RSUs vest in 25% after one year period & 12 equal installments every quarter afterwards with the first vesting date on 02/15/2025, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Similarweb Ltd (the "Company"). The RSUs vest in 25% after one year period & 12 equal installments every quarter afterwards with the first vesting date on 02/15/2026, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Similarweb Ltd (the "Company"). The RSUs vest in 25% after one year period & 12 equal installments every quarter afterwards with the first vesting date on 02/15/2027, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date. The Options are fully vested & immediately exercisable.
FAQ
What does the Form 3 filing for Similarweb (SMWB) disclose about Benjamin Seror?
The Form 3 shows that director Benjamin Seror reported his initial ownership in Similarweb, including 316,250 ordinary shares, fully vested options over additional shares, and several RSU grants that vest over time, subject to his continued service with the company.
What option awards did Benjamin Seror report in his Similarweb (SMWB) Form 3?
He reported fully vested options to purchase 18,750 ordinary shares at an exercise price of 2.3800 and options over 231,250 ordinary shares at 3.0400, with expirations in November 2030 and January 2031, respectively, all held directly.
What RSU grants for Similarweb (SMWB) did Benjamin Seror disclose?
He disclosed RSU awards representing 18,750, 40,000, 60,000 and 80,000 ordinary shares. Each grant vests 25% after one year and then in 12 quarterly installments, starting on 02/15/2024, 02/15/2025, 02/15/2026 and 02/15/2027, subject to continued service.
Do Benjamin Seror’s options in Similarweb (SMWB) vest immediately?
Yes. The filing notes that his options are fully vested and immediately exercisable. This means he can choose to exercise them at their stated exercise prices any time before their respective expiration dates, based on his own decisions and circumstances.
Are Benjamin Seror’s Similarweb (SMWB) RSUs subject to continued service?
Yes. Each RSU grant vests only if he maintains continued service with Similarweb or its subsidiaries through each vesting date. If service ends earlier, unvested RSUs would typically not settle into ordinary shares under the terms described.