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Biohaven Ltd. (NYSE: BHVN) legal chief discloses holdings

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Form Type
3

Rhea-AI Filing Summary

Biohaven Ltd. officer Warren Karl Volles filed an initial statement of beneficial ownership. As of July 9, 2026, he directly owned 248,212 Common Shares, including shares acquired through the Biohaven Employee Share Purchase Plan. He also held 14,000 restricted share units and stock options over Common Shares, including options on 300,000 shares at $7.00 expiring in 2032 and on 95,250 shares at $41.93 expiring in 2034, with additional option tranches vesting through 2029.

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Insider Volles Warren Karl
Role Chief Legal Officer
Type Security Shares Price Value
holding Stock Options (Right to buy) -- -- --
holding Stock Options (Right to buy) -- -- --
holding Stock Options (Right to buy) -- -- --
holding Stock Options (Right to buy) -- -- --
holding Stock Options (Right to buy) -- -- --
holding Restricted Share Unit Award -- -- --
holding Common Shares -- -- --
Holdings After Transaction: Stock Options (Right to buy) — 300,000 shares (Direct); Restricted Share Unit Award — 14,000 shares (Direct); Common Shares — 248,212 shares (Direct)
Footnotes (1)
  1. This balance includes 742 shares, 1,086 shares, 2 shares, and 2,500 shares that were acquired through the Biohaven Employee Share Purchase Plan on May 31, 2024, May 31, 2025, November 30, 2025, and May 31, 2026, respectively. The shares underlying this option became exercisable on and prior to October 3, 2025. The shares underlying this option became exercisable as to 59,063 of these shares on and prior to November 2, 2025, with the remainder vesting on November 2, 2026, subject to the Reporting Person's continued service with the Issuer at the vesting date. The shares underlying this option became exercisable as to 72,188 of these shares on and prior to January 2, 2026, with the remainder vesting on January 2, 2027, subject to the Reporting Person's continued service with the Issuer at the vesting date. The shares underlying this option became exercisable as to 41,500 of these shares on and prior to January 5, 2026, with the remainder vesting in two equal installments on January 5, 2027, and 2028, subject to the Reporting Person's continued service with the Issuer at each vesting date. The shares underlying this option became exercisable as to 43,750 of these shares on February 27, 2026, with the remainder vesting in three equal installments on February 27, 2027, 2028, and 2029, subject to the Reporting Person's continued service with the Issuer at each vesting date. The reporting person was granted 14,000 restricted share units on January 5, 2025, vesting in four equal installments on January 5, 2025, 2026, 2027, and 2028, subject to the Reporting Person's continued service with the Issuer at each vesting date. Not applicable. Each restricted share unit represents the contingent right to receive one common share of the Issuer.
Direct Common Shares Owned 248,212 Common Shares Direct ownership as of July 9, 2026
Restricted Share Units 14,000 underlying Common Shares Restricted share unit award granted January 5, 2025
Stock Options at $7.00 300,000 underlying Common Shares at $7.00 Stock options expiring October 3, 2032
Stock Options at $29.49 78,750 underlying Common Shares at $29.49 Stock options expiring November 2, 2033
Stock Options at $41.93 95,250 underlying Common Shares at $41.93 Stock options expiring January 2, 2034
Stock Options at $38.64 83,000 underlying Common Shares at $38.64 Stock options expiring January 5, 2035
Stock Options at $11.52 175,000 underlying Common Shares at $11.52 Stock options expiring February 27, 2036
Biohaven Employee Share Purchase Plan financial
"shares that were acquired through the Biohaven Employee Share Purchase Plan"
restricted share units financial
"The reporting person was granted 14,000 restricted share units on January 5, 2025"
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
Stock Options (Right to buy) financial
"security_title": "Stock Options (Right to buy)""
contingent right financial
"Each restricted share unit represents the contingent right to receive one common share"

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FAQ

What common share holdings did Warren Karl Volles report in Biohaven Ltd. (BHVN)?

Warren Karl Volles reported direct ownership of 248,212 Common Shares of Biohaven Ltd. as of July 9, 2026. This balance includes 742, 1,086, 2 and 2,500 shares acquired through the Biohaven Employee Share Purchase Plan on four dates between 2024 and 2026.

What derivative awards does Warren Karl Volles hold in Biohaven Ltd. (BHVN)?

He holds 14,000 restricted share units, each representing one common share, and multiple stock option awards over common shares. These options cover blocks of 300,000, 78,750, 95,250, 83,000 and 175,000 underlying shares at various exercise prices.

When do Warren Karl Volles' major Biohaven (BHVN) stock options expire?

Reported stock options over Biohaven common shares have expiration dates of October 3, 2032, November 2, 2033, January 2, 2034, January 5, 2035 and February 27, 2036. Portions of these grants are already exercisable, with remaining tranches vesting through 2029.

How were some of Warren Karl Volles' Biohaven (BHVN) common shares acquired?

A portion of his 248,212 Common Shares came through the Biohaven Employee Share Purchase Plan. Footnotes state acquisitions of 742, 1,086, 2 and 2,500 shares on May 31, 2024, May 31, 2025, November 30, 2025 and May 31, 2026, respectively.

What is Warren Karl Volles' role at Biohaven Ltd. (BHVN)?

Warren Karl Volles is reported as an officer of Biohaven Ltd., serving as Chief Legal Officer. His initial ownership statement covers his direct holdings of common shares, restricted share units and stock options associated with that executive role.
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Volles Warren Karl

(Last)(First)(Middle)
215 CHURCH STREET

(Street)
NEW HAVEN CONNECTICUT 06510

(City)(State)(Zip)

UNITED STATES

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
07/09/2026
3. Issuer Name and Ticker or Trading Symbol
Biohaven Ltd. [ BHVN ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares(1)248,212D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options (Right to buy) (2)10/03/2032Common Shares300,000$7D
Stock Options (Right to buy) (3)11/02/2033Common Shares78,750$29.49D
Stock Options (Right to buy) (4)01/02/2034Common Shares95,250$41.93D
Stock Options (Right to buy) (5)01/05/2035Common Shares83,000$38.64D
Stock Options (Right to buy) (6)02/27/2036Common Shares175,000$11.52D
Restricted Share Unit Award (7) (8)Common Shares14,000(9)D
Explanation of Responses:
1. This balance includes 742 shares, 1,086 shares, 2 shares, and 2,500 shares that were acquired through the Biohaven Employee Share Purchase Plan on May 31, 2024, May 31, 2025, November 30, 2025, and May 31, 2026, respectively.
2. The shares underlying this option became exercisable on and prior to October 3, 2025.
3. The shares underlying this option became exercisable as to 59,063 of these shares on and prior to November 2, 2025, with the remainder vesting on November 2, 2026, subject to the Reporting Person's continued service with the Issuer at the vesting date.
4. The shares underlying this option became exercisable as to 72,188 of these shares on and prior to January 2, 2026, with the remainder vesting on January 2, 2027, subject to the Reporting Person's continued service with the Issuer at the vesting date.
5. The shares underlying this option became exercisable as to 41,500 of these shares on and prior to January 5, 2026, with the remainder vesting in two equal installments on January 5, 2027, and 2028, subject to the Reporting Person's continued service with the Issuer at each vesting date.
6. The shares underlying this option became exercisable as to 43,750 of these shares on February 27, 2026, with the remainder vesting in three equal installments on February 27, 2027, 2028, and 2029, subject to the Reporting Person's continued service with the Issuer at each vesting date.
7. The reporting person was granted 14,000 restricted share units on January 5, 2025, vesting in four equal installments on January 5, 2025, 2026, 2027, and 2028, subject to the Reporting Person's continued service with the Issuer at each vesting date.
8. Not applicable.
9. Each restricted share unit represents the contingent right to receive one common share of the Issuer.
Remarks:
Exhibit List: Exhibit 24: Power of attorney
/s/ George Clark, Attorney-in-Fact07/17/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)