CoinShares insider exercises 182K share option
Director and ten percent owner Daniel Masters exercised a call option for 182,370 CoinShares PLC shares, with corrected total direct holdings now 21,792,615 shares.
Rhea-AI Filing Summary
CoinShares PLC (CSHR) director and ten percent owner Daniel Masters exercised an in-the-money call option on September 12, 2026, to acquire 182,370 Ordinary Shares at an aggregate exercise price of $256,221, or approximately $1.40495 per share. The option itself expired and is no longer held, and Masters now directly beneficially owns 21,792,615 Ordinary Shares. The filing also corrects prior Form 4 disclosures, increasing reported beneficial ownership by 4,584 shares and reducing the option’s underlying shares by 2 shares.
Positive
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Negative
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Insider Trade Summary
1 shares exercised/converted
Exercise
2 txns
Insider
Masters Daniel
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Call Option (right to buy) F2, F1, F4 | 1 | $0.00 | $0.00 |
| In-the-Money Exercise | Ordinary Shares F1, F2, F3 | 182,370 | -- | -- |
Holdings After Transaction:
Call Option (right to buy) — 0 contracts (Direct);
Ordinary Shares — 21,792,615 shares (Direct)
Footnotes (4)
- F1. This transaction represents solely the exercise of an in-the-money call option at its expiration date; this transaction involved no sale or other Transfer (as such term is defined in the Lock-Up Agreement, dated as of September 8, 2025, to which the reporting person is a party) of shares.
- F2. This option had an aggregate exercise price of $256,221 with respect to 182,370 ordinary shares underlying the option, equivalent to an exercise price of approximately $1.40495 per share.
- F3. The total number of shares reported as beneficially owned by the reporting person was inadvertently underreported by 4,584 shares in the Form 4 filed by the reporting person on April 2, 2026, and has been corrected here to reflect the actual total number of shares beneficially owned.
- F4. The number of shares underlying this call option was inadvertently overreported by 2 shares in the Form 4 filed by the reporting person on April 2, 2026, and has been corrected here to reflect the actual number of shares underlying this call option.
Key Figures
Ordinary Shares acquired via option exercise: 182,370 shares
Aggregate exercise price: $256,221
Exercise price per share: $1.40495 per share
+3 more
6 metrics
Ordinary Shares acquired via option exercise
182,370 shares
Exercised on September 12, 2026 from an in-the-money call option
Aggregate exercise price
$256,221
Total cost to exercise the option for 182,370 Ordinary Shares
Exercise price per share
$1.40495 per share
Equivalent exercise price stated for the option
Shares beneficially owned after transaction
21,792,615 shares
Directly beneficially owned by Daniel Masters following the exercise
Previously underreported beneficial ownership
4,584 shares
Amount by which prior Form 4 underreported ownership, now corrected
Previously overreported option underlying shares
2 shares
Reduction in the number of shares underlying the call option from prior report
Key Terms
in-the-money, beneficially owned, Lock-Up Agreement, exercise price
4 terms
in-the-money financial
"This transaction represents solely the exercise of an in-the-money call option"
beneficially owned financial
"The total number of shares reported as beneficially owned by the reporting person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Lock-Up Agreement regulatory
"Transfer (as such term is defined in the Lock-Up Agreement, dated as of September 8, 2025"
A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders’ confidence or lack thereof.
exercise price financial
"an aggregate exercise price of $256,221 with respect to 182,370 ordinary shares"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
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