Yalla (NYSE: YALA) President discloses 800,000 share options
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Yalla Group Ltd President Ismail Saifi filed an initial ownership report showing holdings of employee stock options over Class A Ordinary Shares. The filing lists two option grants, each covering 400,000 underlying shares at an exercise price of $0.2200 per share.
One option expires on August 15, 2033, with 25% of the shares vesting on August 15, 2024 and an additional 25% vesting on each of the next three anniversaries, subject to continued service. The second option expires on December 18, 2035, with 25% vesting on December 18, 2026 and the remaining tranches vesting annually over the following three years, also conditioned on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ismail Saifi
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Option (Right to buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to buy) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to buy) — 400,000 shares (Direct)
Footnotes (1)
- 25% of the shares subject to the option shall vest on August 15, 2024, and an additional 25% shall vest on each anniversary thereof for the next three consecutive years, subject to the Reporting Person continuing as a service provider through each such date. 25% of the shares subject to the option shall vest on December 18, 2026, and an additional 25% shall vest on each anniversary thereof for the next three consecutive years, subject to the Reporting Person continuing as a service provider through each such date.
FAQ
What does Yalla Group (YALA) President Ismail Saifi report on this Form 3?
The filing reports Ismail Saifi’s initial ownership of employee stock options in Yalla Group. It lists two option grants over Class A Ordinary Shares, detailing exercise price, expiration dates, and vesting schedules tied to his continued service with the company.
What is the exercise price of Ismail Saifi’s Yalla (YALA) stock options?
Both reported employee stock option grants carry an exercise price of $0.2200 per share. This means Saifi can purchase each underlying Class A Ordinary Share at $0.2200, subject to the vesting terms and expiration dates described in the Form 3.
When do the Yalla Group (YALA) options held by Ismail Saifi expire?
One option grant expires on August 15, 2033, and the other on December 18, 2035. These long-dated expirations provide a multi-year window for potential exercise, assuming the applicable vesting and continued service conditions are satisfied over time.
How do the vesting schedules work for Yalla (YALA) President Ismail Saifi’s options?
Each grant vests in four equal 25% tranches, contingent on continued service. For the first grant, vesting starts August 15, 2024 and repeats annually for three years. For the second, vesting starts December 18, 2026 with similar annual vesting over three additional years.