Webull (BULL) CFO reports over 2M shares and RSUs stake

Rhea-AI Filing Summary

Webull Corp director and CFO Wang Haichen filed an initial ownership report showing a sizable equity stake. He holds 1,121,097 Class A Ordinary Shares directly, plus 827,046 shares held by his spouse and 137,926 shares held through Webull Partners Limited.

He also holds restricted share units tied to 134,372 and 167,965 underlying Class A Ordinary Shares. Footnotes note that 200,000 restricted shares will vest in full on January 1, 2028, and that the RSUs vest over time, subject to his continued service.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Wang Haichen

Role Chief Financial Officer

Type	Security	Shares	Price	Value
holding	Restricted Share Units	--	--	--
holding	Restricted Share Units	--	--	--
holding	Class A Ordinary Shares	--	--	--
holding	Class A Ordinary Shares	--	--	--
holding	Class A Ordinary Shares	--	--	--

Holdings After Transaction: Restricted Share Units — 134,372 shares (Direct); Class A Ordinary Shares — 1,121,097 shares (Direct); Class A Ordinary Shares — 827,046 shares (Indirect, By spouse)

Footnotes (1)

1. The reported securities include 200,000 restricted shares granted to the Reporting Person that will vest in full on January 1, 2028, subject to the Reporting Person's continued service through such date. The reported securities represent restricted share units ("RSUs"), each representing a contingent right to receive one Class A Ordinary Share, subject to the Reporting Person's continued service through the applicable vesting date. Vested RSUs will settle in Class A Ordinary Shares or an equivalent cash value as of the settlement date, at the discretion of a committee of the board of directors of the Issuer. 50% of the reported RSUs are fully vested and 50% of the reported RSUs are scheduled to vest on January 1, 2027. 50% of the reported RSUs are fully vested and 25% of the reported RSUs are scheduled to vest on each of January 1, 2027 and January 1, 2028.

Understanding Insider Trading Forms →

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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OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

Wang Haichen

(Last) (First) (Middle)

200 CARILLON PARKWAY

(Street)

SAINT PETERSBURG FL 33716

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
Webull Corp [ BULL ]

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

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

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

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)
Class A Ordinary Shares	1,121,097(1)	D
Class A Ordinary Shares	827,046	I	By spouse
Class A Ordinary Shares	137,926	I	By Webull Partners Limited

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
Restricted Share Units	(2)(3)	(3)	Class A Ordinary Shares	134,372	$0	D
Restricted Share Units	(2)(4)	(4)	Class A Ordinary Shares	167,965	$0	D

Explanation of Responses:

1. The reported securities include 200,000 restricted shares granted to the Reporting Person that will vest in full on January 1, 2028, subject to the Reporting Person's continued service through such date.

2. The reported securities represent restricted share units ("RSUs"), each representing a contingent right to receive one Class A Ordinary Share, subject to the Reporting Person's continued service through the applicable vesting date. Vested RSUs will settle in Class A Ordinary Shares or an equivalent cash value as of the settlement date, at the discretion of a committee of the board of directors of the Issuer.

3. 50% of the reported RSUs are fully vested and 50% of the reported RSUs are scheduled to vest on January 1, 2027.

4. 50% of the reported RSUs are fully vested and 25% of the reported RSUs are scheduled to vest on each of January 1, 2027 and January 1, 2028.

	/s/ Liwei Cao, attorney-in-fact	03/17/2026
	** 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.

FAQ

What does the Form 3 filing by Webull (BULL) CFO Wang Haichen show?

The Form 3 shows Wang Haichen’s initial ownership in Webull, including over 1.1 million Class A Ordinary Shares held directly, additional indirect holdings via his spouse and Webull Partners Limited, and multiple restricted share unit awards that vest over future dates.

How many Webull Class A Ordinary Shares does CFO Wang Haichen hold directly?

Wang Haichen holds 1,121,097 Webull Class A Ordinary Shares directly. This direct stake is separate from additional indirect holdings attributed to his spouse and Webull Partners Limited, giving him significant overall exposure to the company’s Class A equity.

What indirect Webull share holdings are reported for CFO Wang Haichen?

The filing attributes 827,046 Class A Ordinary Shares to Wang Haichen through his spouse and 137,926 Class A Ordinary Shares through Webull Partners Limited. These are reported as indirect holdings, in addition to his separately disclosed direct ownership position in Webull.

What restricted share and RSU grants does Webull’s CFO report?

The filing notes 200,000 restricted shares granted to Wang Haichen that vest in full on January 1, 2028. It also reports restricted share units linked to 134,372 and 167,965 Class A Ordinary Shares, with vesting schedules contingent on his continued service.

How do the restricted share units for Webull’s CFO vest over time?

Footnotes explain that some RSUs are 50% vested with the rest vesting on January 1, 2027, while others are 50% vested and then vest 25% on January 1, 2027 and 25% on January 1, 2028, all subject to continued service requirements.

What does the Form 3 reveal about settlement of Webull RSUs?

Each restricted share unit represents a contingent right to one Class A Ordinary Share. Vested RSUs will settle either in Class A Ordinary Shares or an equivalent cash value, at the discretion of a committee of Webull’s board of directors at settlement.