[Form 3] Webull Corp Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

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.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Denier Anthony Michael

Role President

Type	Security	Shares	Price	Value
holding	Restricted Share Units	--	--	--
holding	Restricted Share Units	--	--	--
holding	Option (right to buy)	--	--	--
holding	Option (right to buy)	--	--	--
holding	Option (right to buy)	--	--	--
holding	Class A Ordinary Shares	--	--	--

Holdings After Transaction: Restricted Share Units — 41,991 shares (Direct); Option (right to buy) — 196,009 shares (Direct); Class A Ordinary Shares — 2,461,143 shares (Direct)

Footnotes (1)

1. The reported securities include 300,000 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. The reported RSUs are scheduled to vest on January 1, 2027. The reported RSUs are scheduled to vest 50% on January 1, 2027 and 50% on January 1, 2028.

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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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Denier Anthony Michael

(Last) (First) (Middle)

44 WALL STREET

2ND FLOOR

(Street)

NEW YORK NY 10005

(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)
	President

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	2,461,143(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	41,991	$0	D
Restricted Share Units	(2)(4)	(4)	Class A Ordinary Shares	335,930	$0	D
Option (right to buy)	06/01/2019	06/01/2027	Class A Ordinary Shares	196,009	$0.1384	D
Option (right to buy)	01/01/2021	01/01/2029	Class A Ordinary Shares	125,974	$0.1384	D
Option (right to buy)	01/01/2022	01/01/2030	Class A Ordinary Shares	251,948	$0.1384	D

Explanation of Responses:

1. The reported securities include 300,000 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. The reported RSUs are scheduled to vest on January 1, 2027.

4. The reported RSUs are scheduled to vest 50% on January 1, 2027 and 50% on 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 Webull (BULL) President Anthony Michael Denier report owning in this Form 3?

Denier reports direct ownership of 2,461,143 Class A Ordinary Shares of Webull Corp. He also reports various restricted shares, restricted share units, and stock options, all tied to continued service and specific future vesting or expiration dates.

How many restricted shares and RSUs does Webull President Denier hold?

The reported securities include 300,000 restricted shares scheduled to vest on January 1, 2028. He also holds restricted share units over 41,991 and 335,930 underlying Class A Ordinary Shares, with vesting in 2027 and split between 2027 and 2028.

What stock options are disclosed for Webull (BULL) President Anthony Denier?

Denier holds options over 196,009, 125,974, and 251,948 Class A Ordinary Shares. Each option has an exercise price of $0.1384 per share, with expirations on June 1, 2027, January 1, 2029, and January 1, 2030, respectively.

Are there any buy or sell transactions in this Webull (BULL) Form 3 filing?

No buy or sell transactions are reported. The filing lists holding entries only, showing Denier’s existing direct ownership of Class A Ordinary Shares, restricted shares, restricted share units, and stock options, without any open-market purchases or sales disclosed.

What are the vesting conditions for Anthony Denier’s Webull restricted share units?

The RSUs each represent a right to receive one Class A Ordinary Share, subject to continued service. One RSU grant vests on January 1, 2027, while another vests 50% on January 1, 2027 and 50% on January 1, 2028.

How will Anthony Denier’s vested RSUs at Webull (BULL) be settled?

According to the disclosure, vested RSUs will settle in Class A Ordinary Shares or in an equivalent cash value. The choice of settlement method is at the discretion of a committee of Webull’s board of directors as of the settlement date.