4/A: Oxbridge Re Holdings CFO Timothy Wrendon Reports Acquisition and Disposal of Shares

Oxbridge Re Holdings CFO Timothy Wrendon reports the acquisition of 25,000 ordinary shares and disposal of 75,050 ordinary shares on March 25, 2024.

Summary

• On March 25, 2024, Timothy Wrendon, CFO & Secretary of Oxbridge Re Holdings Ltd, acquired 25,000 ordinary shares at $0.
• On the same day, Wrendon disposed of 75,050 ordinary shares.
• Following these transactions, Wrendon directly owns 75,000 share options exercisable at $6 expiring on March 2, 2031.
• Wrendon also directly owns 90,000 share options exercisable at $2 expiring on March 16, 2029.
• Additionally, Wrendon directly owns 10,000 share options exercisable at $6.06 expiring on January 20, 2027, 10,000 share options exercisable at $6 expiring on January 16, 2026, and 60,000 share options exercisable at $6 expiring on January 23, 2025.
• Wrendon directly owns 7,500 warrants to purchase ordinary shares at $7.5, currently exercisable and expiring on March 26, 2029.
• The acquisition of restricted ordinary shares was made under the Issuer's 2021 Omnibus Incentive Plan.
• Share options vest in increments of 6.25% each on a quarterly basis, commencing on the date granted, and continuing on April 1st, July 1st, October 1st and January 1st of each calendar year, over a four-year period.

Sentiment

Score: 5

Explanation: The document presents a mixed sentiment due to the acquisition and disposal of shares. The overall impact is neutral without further context.

Positives

• The acquisition of 25,000 shares, even at $0, could be seen as a positive sign of confidence in the company.
• The vesting schedule of the share options provides ongoing incentive for the CFO.

Negatives

• The disposal of 75,050 shares by the CFO could be interpreted negatively by investors.

Risks

• The disposal of shares by a key executive could signal concerns about the company's future performance.
• Changes in market conditions could impact the value of the share options and warrants held by the CFO.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders may react to the reported acquisition and disposal of shares by the CFO.

Key Dates