Bending Spoons director acquires 17,745 shares

The warrants were fully vested and exercisable, with a stated expiration date of September 29, 2026.

Rhea-AI Filing Summary

Bending Spoons S.p.A. (BSP) director Stephen Charles Sinwell exercised 3,549 warrants on September 15, 2026, disposing of the warrants and acquiring 17,745 ordinary shares. The reported warrant exercise price was $6.1981, and the ordinary-share transaction price was $1.2396 per share; the prices reflect the disclosed conversion rate of $1.1607 per €1.00. His direct ordinary-share holdings after the transaction were 29,780 shares, and the reported warrant balance was zero. The warrants were fully vested and exercisable and expire September 29, 2026. No Rule 10b5-1 plan is reported.

Insider Trade Summary

3,549 shares exercised/converted

Exercise 2 txns

Insider Sinwell Stephen Charles

Role Director

Type	Security	Shares	Price	Value
In-the-Money Exercise	Warrants F1, F2	3,549	$0.00	$0.00
In-the-Money Exercise	Ordinary Shares F1	17,745	$1.2396	$22K

Holdings After Transaction: Warrants — 0 contracts (Direct); Ordinary Shares — 29,780 shares (Direct)

Footnotes (2)

1. F1. The exercise price is denominated in euros. The price reported herein is based on an exchange ratio of 1.1607 U.S. dollars per 1.00 euro.
2. F2. The warrants are fully vested and exercisable.

Key Figures

Warrants disposed: 3,549 warrants Ordinary shares acquired: 17,745 shares Reported warrant exercise price: $6.1981 +3 more

6 metrics

Warrants disposed 3,549 warrants September 15, 2026

Ordinary shares acquired 17,745 shares September 15, 2026

Reported warrant exercise price $6.1981 Reported using the disclosed euro-to-U.S.-dollar exchange ratio

Ordinary-share transaction price $1.2396 per share September 15, 2026; reported using the disclosed euro-to-U.S.-dollar exchange ratio

Direct ordinary shares after transaction 29,780 shares Following the September 15, 2026 transaction

Warrants after transaction 0 warrants Following the September 15, 2026 transaction

Key Terms

warrants, exercise price, fully vested and exercisable

3 terms

warrants financial

"The warrants are fully vested and exercisable."

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

exercise price financial

"The exercise price is denominated in euros."

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

fully vested and exercisable technical

"The warrants are fully vested and exercisable."

FAQ

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

How many BSP shares did the director acquire?

On September 15, 2026, director Stephen Charles Sinwell acquired 17,745 ordinary shares through the exercise of 3,549 warrants. His direct ordinary-share holdings after the transaction were 29,780 shares; the reported warrant balance after the transaction was zero.

What was the BSP warrant exercise price?

The reported warrant exercise price was $6.1981, and the transaction price for the acquired ordinary shares was $1.2396 per share. The exercise price was denominated in euros, and the reported prices use an exchange ratio of $1.1607 per €1.00.

Was the BSP director's warrant exercise made under a Rule 10b5-1 plan?

No Rule 10b5-1 plan is reported for the transactions.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/25/2026 - 10:59 AM Accepted by SEC EDGAR 09/25/2026 - 10:59 AM 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^*

Sinwell Stephen Charles

(Last) (First) (Middle)

C/O BENDING SPOONS S.P.A.

VIA NINO BONNET 10

(Street)

MILAN 20154

(City) (State) (Zip)

ITALY

(Country)

2. Issuer Name and Ticker or Trading Symbol
Bending Spoons S.p.A. [ BSP ]

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)
09/15/2026

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	09/15/2026		X		17,745	A	$1.2396(1)	29,780	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
Warrants	$6.1981(1)	09/15/2026		X			3,549	(2)	09/29/2026	Ordinary Shares	17,745	$0	0	D

Explanation of Responses:

1. The exercise price is denominated in euros. The price reported herein is based on an exchange ratio of 1.1607 U.S. dollars per 1.00 euro.

2. The warrants are fully vested and exercisable.

	/s/ Ignacio Pereira, Attorney-in-Fact	09/25/2026
	** 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)