Bullish awards RSUs to director Wynn Andrew Charles

Bullish director Wynn Andrew Charles was granted two RSU awards in 2026 that fully vest in 2027 under the company’s 2025 Omnibus Incentive Plan.

Rhea-AI Filing Summary

Bullish (symbol: BLSH) is the issuer of record for a Form 4 filing submitted to the SEC. Wynn Andrew Charles reported acquisition or exercise transactions in this Form 4 filing.

Bullish (BLSH) reports that director Wynn Andrew Charles received two equity awards in the form of restricted share units (RSUs) under the Bullish 2025 Omnibus Incentive Plan. On July 10, 2026 he was granted 2,063 RSUs that vest in full on June 1, 2027, and on September 3, 2026 he was granted 5,877 RSUs that vest in full on September 1, 2027. Each RSU represents a right to receive one ordinary share of Bullish upon vesting, and the awards carry a reported price of $0.00 per share, reflecting compensatory grants rather than purchases. Bullish also notes that, as a foreign private issuer, the director’s transactions in its equity securities are exempt from Sections 16(b) and 16(c) of the U.S. Securities Exchange Act of 1934.

Insider Trade Summary

Grant/Award: 7,940 shares

Grant/Award 2 txns

Insider Wynn Andrew Charles

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares F2	5,877	$0.00	$0.00
Grant/Award	Ordinary Shares F1	2,063	$0.00	$0.00

Holdings After Transaction: Ordinary Shares — 18,287 shares (Direct)

Footnotes (2)

1. F1. Represents 2,063 restricted share units ("RSUs") granted to the Reporting Person pursuant to the Bullish 2025 Omnibus Incentive Plan. The RSUs vest in full on June 1, 2027. Each RSU represents a right to receive one ordinary share of Bullish upon vesting.
2. F2. Represents 5,877 restricted share units ("RSUs") granted to the Reporting Person pursuant to the Bullish 2025 Omnibus Incentive Plan. The RSUs vest in full on September 1, 2027. Each RSU represents a right to receive one ordinary share of Bullish upon vesting.

Key Figures

RSUs granted July 10, 2026: 2,063 RSUs RSUs granted September 3, 2026: 5,877 RSUs Vesting date for 2,063 RSUs: June 1, 2027 +2 more

5 metrics

RSUs granted July 10, 2026 2,063 RSUs Restricted share units granted to the director vesting June 1, 2027

RSUs granted September 3, 2026 5,877 RSUs Restricted share units granted to the director vesting September 1, 2027

Vesting date for 2,063 RSUs June 1, 2027 Full vesting date of July 10, 2026 RSU grant

Vesting date for 5,877 RSUs September 1, 2027 Full vesting date of September 3, 2026 RSU grant

Reported RSU grant price $0.00 per share Price per share reported for both RSU grants

Key Terms

restricted share units, Bullish 2025 Omnibus Incentive Plan, foreign private issuer, Sections 16(b) and 16(c), +1 more

5 terms

restricted share units financial

"Represents 2,063 restricted share units ("RSUs") granted to the Reporting"

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.

Bullish 2025 Omnibus Incentive Plan financial

"RSUs granted to the Reporting Person pursuant to the Bullish 2025"

foreign private issuer regulatory

"Due to the issuer's status as a foreign private issuer pursuant to Rule"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

Sections 16(b) and 16(c) regulatory

"equity securities are exempt from Sections 16(b) and 16(c) of the Act"

Rule 3a12-3(b) regulatory

"foreign private issuer pursuant to Rule 3a12-3(b) under the Securities"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Bullish (BLSH) report for Wynn Andrew Charles?

Bullish reported that director Wynn Andrew Charles received two RSU grants: 2,063 RSUs on July 10, 2026 and 5,877 RSUs on September 3, 2026, each representing the right to receive one ordinary share upon vesting.

How many RSUs were granted to the Bullish (BLSH) director and when do they vest?

The director received 2,063 RSUs that vest in full on June 1, 2027 and 5,877 RSUs that vest in full on September 1, 2027, all under the Bullish 2025 Omnibus Incentive Plan.

What is the price per share for the RSU grants reported by Bullish (BLSH)?

The Form 4 reports a transaction price of $0.00 per share for both RSU grants, indicating they are compensatory awards rather than open-market purchases by the director.

Are the Bullish (BLSH) RSU grants to the director made under a Rule 10b5-1 trading plan?

No. The filing indicates no Rule 10b5-1 plan for these transactions, as the Rule 10b5-1 checkbox is not marked affirmatively for the reported RSU awards.

What does Bullish (BLSH) disclose about its foreign private issuer status in this Form 4?

Bullish states that, as a foreign private issuer under Rule 3a12-3(b) of the Exchange Act, the reporting person’s transactions in its equity securities are exempt from Sections 16(b) and 16(c) of that Act.

How many Bullish (BLSH) ordinary shares can the director receive from these RSUs?

Each RSU represents a right to receive one ordinary share of Bullish upon vesting, so the director can receive 2,063 ordinary shares from the first grant and 5,877 ordinary shares from the second grant, subject to vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 04:19 PM Accepted by SEC EDGAR 09/14/2026 - 04:19 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wynn Andrew Charles

(Last) (First) (Middle)

BULLISH, UNIT B1,

THE GROVE TOO, ESTERLEY TIBBETTS HIGHWAY

(Street)

GRAND CAYMAN KY1-9006

(City) (State) (Zip)

CAYMAN ISLANDS

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2026

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	07/10/2026		A		2,063(1)	A	$0	12,410	D
Ordinary Shares	09/03/2026		A		5,877(2)	A	$0	18,287	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents 2,063 restricted share units ("RSUs") granted to the Reporting Person pursuant to the Bullish 2025 Omnibus Incentive Plan. The RSUs vest in full on June 1, 2027. Each RSU represents a right to receive one ordinary share of Bullish upon vesting.

2. Represents 5,877 restricted share units ("RSUs") granted to the Reporting Person pursuant to the Bullish 2025 Omnibus Incentive Plan. The RSUs vest in full on September 1, 2027. 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 Securities Exchange Act of 1934 (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 C. Wynn	09/14/2026
	** 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 4 (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 4: SEC 1474 (03-26)