Webull Corp (BULL) general counsel details initial equity holdings

Rhea-AI Filing Summary

Webull Corp director and General Counsel James Benjamin Worthy filed an initial statement of beneficial ownership, reporting his equity interests in the company. As of March 17, 2026, he directly holds 1,201,264 Class A Ordinary Shares and multiple restricted share-based awards.

The reported securities include 150,000 restricted shares that are scheduled to vest in full on January 1, 2028, if he continues in service. He also holds restricted share units representing 83,982 and 201,558 underlying Class A Ordinary Shares. For these RSUs, portions are already fully vested, with remaining tranches scheduled to vest on January 1, 2027 and on January 1, 2027 and 2028, respectively, and settling in shares or cash at the board committee’s discretion.

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^*

James Benjamin Worthy

(Last) (First) (Middle)

200 CARILLON PARKWAY

(Street)

ST. 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)
	General Counsel

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	1,201,264(1)	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
Restricted Share Units	(2)(3)	(3)	Class A Ordinary Shares	83,982	$0	D
Restricted Share Units	(2)(4)	(4)	Class A Ordinary Shares	201,558	$0	D

Explanation of Responses:

1. The reported securities include 150,000 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).
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FAQ

What does James Benjamin Worthy’s Form 3 show for Webull Corp (BULL)?

The Form 3 shows James Benjamin Worthy’s initial beneficial ownership in Webull Corp. He reports direct holdings of Class A Ordinary Shares plus restricted shares and restricted share units with defined future vesting schedules, all tied to his continued service with the company.

How many Webull Corp Class A Ordinary Shares does James Benjamin Worthy hold?

James Benjamin Worthy reports direct ownership of 1,201,264 Class A Ordinary Shares. This figure reflects his beneficial holdings as of March 17, 2026 and is separate from additional equity he may receive through restricted shares and restricted share units that vest over coming years.

What restricted shares are reported by Webull Corp’s General Counsel in this filing?

The filing notes 150,000 restricted shares granted to James Benjamin Worthy. These restricted shares are scheduled to vest in full on January 1, 2028, provided he continues to serve the company through that date, aligning his compensation with longer-term service and retention.

What restricted share units (RSUs) does James Benjamin Worthy hold in Webull Corp?

He reports RSUs over 83,982 and 201,558 underlying Class A Ordinary Shares. Each RSU represents a contingent right to one share, settling in shares or cash at a board committee’s discretion, subject to meeting the specified vesting and continued-service conditions.

When do James Benjamin Worthy’s Webull Corp RSUs vest?

For one RSU grant, 50% is fully vested and the remaining 50% vests on January 1, 2027. For the other, 50% is fully vested, with 25% vesting on January 1, 2027 and 25% on January 1, 2028, assuming continued service with Webull Corp.

How are Webull Corp RSUs for James Benjamin Worthy settled at vesting?

Each RSU represents a right to receive one Class A Ordinary Share. Upon vesting, the award will settle in either Class A Ordinary Shares or an equivalent cash value, at the discretion of a committee of Webull Corp’s board of directors, as described in the filing.