Exzeo Group (XZO) CEO adds 2,000 shares, holds 5M options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Exzeo Group, Inc. Chief Executive Officer Paresh Patel bought 2,000 shares of common stock in an open-market purchase at $13.89 per share. After this trade, he directly holds 1,590,013 common shares. He also holds stock options covering 5,000,000 shares at an exercise price of $23.00 per share, expiring on October 1, 2031, which vest over time according to a set schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Buyer: 2,000 shares ($27,780)
Net Buy
2 txns
Insider
Patel Paresh
Role
Chief Executive Officer
Bought
2,000 shs ($28K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,000 | $13.89 | $28K |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,590,013 shares (Direct);
Stock Option (Right to Buy) — 5,000,000 shares (Direct)
Footnotes (1)
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Key Figures
Shares purchased: 2,000 shares
Purchase price: $13.89 per share
Shares held after: 1,590,013 shares
+3 more
6 metrics
Shares purchased
2,000 shares
Open-market purchase of common stock
Purchase price
$13.89 per share
Price paid for 2,000 common shares
Shares held after
1,590,013 shares
Direct common stock ownership post-transaction
Option underlying shares
5,000,000 shares
Common shares underlying stock option grant
Option exercise price
$23.00 per share
Strike price of stock option
Option expiration
October 1, 2031
Expiration date of stock option grant
Key Terms
open-market purchase, Stock Option (Right to Buy), exercise price, vesting, +1 more
5 terms
open-market purchase financial
"2,000 shares of common stock in an open-market purchase at $13.89 per share"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) with an exercise price of $23.00 per share"
exercise price financial
"stock options covering 5,000,000 shares at an exercise price of $23.00 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"The option vested with respect to one fourth of the shares on October 1, 2022"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Form 4 regulatory
"Following the reported transaction, CEO Paresh Patel directly owns 1,590,013 shares as disclosed in the Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Exzeo Group (XZO) report for Paresh Patel?
Exzeo Group reported that CEO Paresh Patel purchased 2,000 shares of common stock in an open-market transaction. He paid $13.89 per share, modestly increasing his direct equity stake in the company through this relatively small buy.
How do the CEO’s stock options in Exzeo Group (XZO) vest over time?
The options to purchase 5,000,000 Exzeo Group shares vested one-fourth on October 1, 2022. The remaining options vest in sixteenth increments on each January 1, April 1, July 1, and October 1 thereafter, according to the disclosed vesting schedule.