Andrew Bliss (BLSH) reports 5,040,002 Bullish shares and RSUs

Rhea-AI Filing Summary

Bullish director Andrew Bliss filed an amended insider ownership report showing his current stake in the company. He is deemed to beneficially own 5,040,002 Ordinary Shares held through Bliss Capital Limited, which he controls. He also holds 4,139 restricted share units granted on November 6, 2025 under the Bullish 2025 Omnibus Incentive Plan, which vest in full on September 1, 2026, with each RSU representing one ordinary share upon vesting.

SEC Form 3

FORM 3

UNITED 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

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1. Name and Address of Reporting Person^*

Bliss Andrew

(Last) (First) (Middle)

OFFICE 101, 103, 105 SUITE 70202, BLDG A

BLOCK 7, 60 NEXUS WAY, CAMANA BAY

(Street)

GEORGE TOWN, GRAND CAYMAN KY1-9005

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Bullish [ BLSH ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)
03/18/2026

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
Ordinary Shares	5,040,002	I	By Bliss Capital Limited (see footnote 1)(1)
Ordinary Shares	4,139(2)	D

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 Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The 5,040,002 Ordinary Shares reported in Table I are held by Bliss Capital Limited, an entity controlled by the reporting person. The reporting person is deemed to beneficially own the shares held by Bliss Capital Limited.

2. Represents 4,139 restricted share units ("RSUs") granted on November 6, 2025 under the Bullish 2025 Omnibus Incentive Plan. The RSUs vest in full on September 1, 2026. Each RSU represents a right to receive one ordinary share of Bullish upon vesting.

Remarks:

Due to the issuer's status as a foreign private issuer pursuant to Rule 3a12-3(b) under the Act, the reporting person's transactions in the issuer's equity securities are exempt from Sections 16(b) and 16(c) of the Act.

	/s/ Andrew Bliss	03/18/2026
	** Signature of Reporting Person	Date
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)

FAQ

What insider ownership does Andrew Bliss report in Bullish (BLSH)?

Andrew Bliss reports beneficial ownership of 5,040,002 Ordinary Shares of Bullish through Bliss Capital Limited. In addition, he holds 4,139 restricted share units that convert into ordinary shares once they vest, increasing his equity-linked exposure to the company.

How are Andrew Bliss’s Bullish (BLSH) shares held according to the Form 3/A?

The filing states that 5,040,002 Ordinary Shares are held by Bliss Capital Limited, an entity controlled by Andrew Bliss. Because he controls this entity, he is deemed to beneficially own the shares it holds for reporting purposes.

What restricted share units (RSUs) does Andrew Bliss hold in Bullish (BLSH)?

Andrew Bliss holds 4,139 restricted share units granted on November 6, 2025 under the Bullish 2025 Omnibus Incentive Plan. Each RSU represents the right to receive one ordinary share of Bullish when it vests, aligning compensation with share performance.

When do Andrew Bliss’s Bullish (BLSH) RSUs vest?

The 4,139 RSUs granted to Andrew Bliss vest in full on September 1, 2026. Upon vesting, each RSU entitles him to receive one ordinary share of Bullish, converting this award from a contingent right into actual share ownership.

Does the Bullish (BLSH) Form 3/A show any insider share purchases or sales?

The Form 3/A presents holding entries only and no explicit buy or sell transactions. It updates the reported ownership totals for Ordinary Shares and RSUs, focusing on Andrew Bliss’s beneficial and direct positions rather than new market trades.

What is the role of Bliss Capital Limited in Andrew Bliss’s Bullish (BLSH) stake?

Bliss Capital Limited holds 5,040,002 Ordinary Shares of Bullish and is controlled by Andrew Bliss. Because of this control, he is deemed to beneficially own those shares, and they are reported as part of his indirect insider ownership in the company.