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Webull Corp President Anthony Michael Denier filed an initial ownership report showing significant direct holdings in the company. He directly owns 2,461,143 Class A Ordinary Shares. The reported securities also include 300,000 restricted shares that will vest in full on January 1, 2028, subject to continued service.
Denier also holds restricted share units representing 41,991 and 335,930 underlying Class A Ordinary Shares, which vest on January 1, 2027 and in two equal parts on January 1, 2027 and January 1, 2028. In addition, he holds stock options over 196,009, 125,974, and 251,948 Class A Ordinary Shares at an exercise price of $0.1384 per share, with expirations on June 1, 2027, January 1, 2029, and January 1, 2030.
Webull Corp director Walter A. Bishop reported initial holdings of 12,500 restricted share units (RSUs) on Class A Ordinary Shares. These RSUs are held directly and each unit represents a contingent right to receive one share.
According to the disclosure, 100% of the 12,500 RSUs will vest on June 8, 2026, provided Bishop continues his service through that date. Until vesting, they remain unexercised derivative positions rather than current share ownership.
Webull Corp director William A. Houlihan filed an initial ownership report showing 12,500 restricted share units (RSUs). These RSUs relate to Class A Ordinary Shares. According to the disclosure, 100% of the 12,500 RSUs will vest on April 10, 2026, if he continues in service through that date. Each RSU represents a contingent right to receive one Class A Ordinary Share upon vesting, so this filing mainly outlines his starting equity-based compensation position rather than any open‑market trading activity.
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.
Webull Corp’s Chief Executive Officer Anquan Wang filed an initial ownership report showing substantial indirect control of the company’s shares. Through Water Castle Az Inc., he indirectly holds 100,158,736 Class B Ordinary Shares, each convertible into one Class A Ordinary Share with no expiration date, plus 200,000 Class A Ordinary Shares.
The filing also describes significant equity incentives. Wang has 5,433,243 restricted Class B share units, of which 301,846 are already vested and the remainder vest in 34 equal monthly installments beginning on March 31, 2026, subject to continued service. He also holds 10,866,488 performance restricted Class B share units that vest in 25% increments when the 60-day volume-weighted average trading price of Webull’s Class A Ordinary Shares reaches $15, $20, $25, and $30, respectively, with any unvested performance units expiring on February 24, 2031.
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.
Webull Corporation reported its first full year of results as a public company, highlighting record revenue and strong growth in client assets. Full-year 2025 revenue reached $571 million, a 46% increase from 2024, driven mainly by higher equity and options order flow rebates, interest income, and handling charges.
The company generated net income attributable to the Company of $24.8 million in 2025, compared with a loss in 2024, although preferred-share related items led to a net loss attributable to ordinary shareholders of $487.5 million or $1.23 per share. On a non-GAAP basis, adjusted net income was $84.2 million and adjusted operating profit was $110.3 million, with adjusted operating expenses of $460.7 million.
Operationally, Webull reported record net deposits of $8.6 billion, a 91% increase, and customer assets of $24.6 billion. Funded accounts rose to 5.03 million, and trading activity reached new highs across equities and options, supporting a 56% year-over-year increase in trading-related revenues in the fourth quarter.
Webull Corp received an updated ownership report on its Class A Ordinary Shares from three Guernsey-based entities: HS Investments IV Ltd, HS Investments IV C L.P., and Hedosophia Partners IV GP Limited. The filing shows these institutional investors each now hold 5 percent or less of this share class.
HS Investments IV Ltd reports beneficial ownership of 15,060,036 shares, or 3.60% of the class, all with shared voting and dispositive power. HS Investments IV C L.P. reports 7,810,349 shares, or 1.87%, and Hedosophia Partners IV GP Limited reports 6,315,940 shares, or 3.38%, each also with only shared voting and dispositive power.
The board members of Hedosophia Partners IV GP Limited expressly disclaim beneficial ownership of its portfolio securities, and each reporting entity disclaims beneficial ownership of shares held by the others.
Hillhouse Investment Management, Ltd. filed an amended Schedule 13G reporting beneficial ownership of 5,974,604 Class A Ordinary Shares of Webull Corp, representing 1.4% of the class. This percentage is based on 417,957,827 Class A shares outstanding as of September 30, 2025, as referenced from a company prospectus.
The shares are held through WBL Holding L.P. and WBL2 Holdings Limited, which are wholly owned by Hillhouse Focused Fund Growth V, L.P., for which Hillhouse acts as sole management company. Hillhouse reports sole voting and dispositive power over all 5,974,604 shares and confirms ownership of 5 percent or less of the class.