Webull director receives 17,219 share awards

Webull Corp director William A. Houlihan increased his direct equity stake through share-based compensation.

Rhea-AI Filing Summary

Webull Corp director William A. Houlihan increased his direct equity stake through share-based compensation. On April 10, 2026, 12,500 restricted share units were exercised into 12,500 Class A Ordinary Shares at no cash exercise price, leaving no remaining units from that grant.

On the same date, he also received a separate award of 4,719 Class A Ordinary Shares, bringing his direct holdings to 17,219 Class A Ordinary Shares after these transactions. The filing reflects compensation-related equity awards rather than open-market buying or selling.

Insider Trade Summary

12,500 shares exercised/converted

Exercise 3 txns

Insider HOULIHAN WILLIAM A

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	12,500	$0.00	$0.00
Exercise	Class A Ordinary Shares	12,500	$0.00	$0.00
Grant/Award	Class A Ordinary Shares	4,719	$0.00	$0.00

Holdings After Transaction: Restricted Share Units — 0 contracts (Direct); Class A Ordinary Shares — 17,219 shares (Direct)

Footnotes (2)

1. F1. The reported securities were received by the Reporting Person in connection with a grant of restricted share units that vested immediately upon grant on April 10, 2026.
2. F2. Each restricted share unit represents a contingent right to receive one Class A Ordinary Share.

Key Figures

RSUs exercised: 12,500 units Shares from RSU vesting: 12,500 Class A Ordinary Shares Additional share grant: 4,719 Class A Ordinary Shares +2 more

5 metrics

RSUs exercised 12,500 units Restricted share units vested and converted on April 10, 2026

Shares from RSU vesting 12,500 Class A Ordinary Shares Received upon RSU exercise at $0.0000 per share

Additional share grant 4,719 Class A Ordinary Shares Grant, award, or other acquisition on April 10, 2026

Total shares after transactions 17,219 Class A Ordinary Shares Direct holdings following April 10, 2026 awards

Exercise price $0.0000 per share Stated transaction price for RSU conversion

Key Terms

Restricted Share Units, Class A Ordinary Shares, grant of restricted share units, Exercise or conversion of derivative security

4 terms

Restricted Share Units financial

"The reported securities were received by the Reporting Person in connection with a grant of restricted share units"

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.

Class A Ordinary Shares financial

"Each restricted share unit represents a contingent right to receive one Class A Ordinary Share"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

grant of restricted share units financial

"in connection with a grant of restricted share units that vested immediately upon grant on April 10, 2026"

Exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

FAQ

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

What insider transactions did Webull (BULL) director William A. Houlihan report?

William A. Houlihan reported equity awards, not open-market trades. He exercised 12,500 restricted share units into Class A Ordinary Shares and received an additional grant of 4,719 Class A Ordinary Shares, increasing his direct holdings to 17,219 shares after the transactions.

How many Webull (BULL) shares does William A. Houlihan hold after this Form 4?

After these transactions, William A. Houlihan directly holds 17,219 Class A Ordinary Shares. This reflects 12,500 shares from vested restricted share units and 4,719 shares from a separate share grant that were all credited to his direct ownership on April 10, 2026.

Were William A. Houlihan’s Webull (BULL) transactions open-market buys or sales?

The transactions were not open-market buys or sales. They consisted of an exercise of 12,500 restricted share units into Class A Ordinary Shares and a grant of 4,719 additional Class A Ordinary Shares, both awarded at a stated price per share of zero.

What is the significance of the 12,500 restricted share units in Webull (BULL)’s Form 4?

The 12,500 restricted share units vested immediately on April 10, 2026 and converted into 12,500 Class A Ordinary Shares. Each unit represented a contingent right to receive one Class A Ordinary Share, so this vesting moved value from a derivative award into common equity holdings.

How were the Webull (BULL) restricted share units described in the Form 4 footnotes?

The footnotes state the reported securities were received in connection with a restricted share unit grant that vested immediately on April 10, 2026, and that each restricted share unit represents a contingent right to receive one Class A Ordinary Share of Webull Corp upon vesting.

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

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Accepted by SEC EDGAR 04/13/2026 - 09:19 AM EDT 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^*

HOULIHAN WILLIAM A

(Last) (First) (Middle)

92 BONNIE WAY

(Street)

ALLENDALE NEW JERSEY 07401

(City) (State) (Zip)

UNITED STATES

(Country)

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

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)
04/10/2026

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
Class A Ordinary Shares	04/10/2026		M		12,500	A	$0	12,500	D
Class A Ordinary Shares	04/10/2026		A		4,719(1)	A	$0	17,219	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
Restricted Share Units	$0	04/10/2026		M			12,500	(2)	(2)	Class A Ordinary Shares	12,500	$0	0	D

Explanation of Responses:

1. The reported securities were received by the Reporting Person in connection with a grant of restricted share units that vested immediately upon grant on April 10, 2026.

2. Each restricted share unit represents a contingent right to receive one Class A Ordinary Share.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Liwei Cao, attorney-in-fact	04/13/2026
	** 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)