DPC Holdings (DPC) COO buys stock and receives large IPO option grants

Rhea-AI Filing Summary

DPC Holdings Ltd Chief Operating Officer Jason Mays reported an open-market purchase and multiple option grants. He bought 85,973 Ordinary Shares on June 26, 2026 at $33.00 per share, bringing his direct holdings to 93,456 Ordinary Shares.

On June 24, 2026, he was granted several tranches of share options under the 2026 Equity Incentive Plan in connection with the company’s initial public offering. These options cover Ordinary Shares at exercise prices from $33.00 to $48.31 per share, generally expiring in 2036, including IPO-related and MIP recognition grants.

Insights

Equity compensation analyst

COO makes a sizable stock purchase alongside IPO-related option grants.

COO Jason Mays acquired 85,973 Ordinary Shares in an open-market purchase at $33.00 per share, taking his direct stake to 93,456 shares. Open-market buying by a senior executive typically reflects confidence, though here it is linked to a directed share program around the IPO.

He also received multiple share option grants under the 2026 Equity Incentive Plan, with exercise prices between $33.00 and $48.31 and expirations in 2036, tied to IPO closing and MIP amendments. These are compensation awards rather than market trades, so overall the filing is structurally important but not, by itself, thesis-changing.

Insider Trade Summary

Net Buyer: 85,973 shares

Net Buy 7 txns

Insider Mays Jason

Role Chief Operating Officer

Bought 85,973 shs ($2.84M)

Type	Security	Shares	Price	Value
Purchase	Ordinary Shares	85,973	$33.00	$2.84M
Grant/Award	Share Options (right to buy)	160,717	$0.00	$0.00
Grant/Award	Share Options (right to buy)	160,718	$0.00	$0.00
Grant/Award	Share Options (right to buy)	160,718	$0.00	$0.00
Grant/Award	Share Options (right to buy)	160,718	$0.00	$0.00
Grant/Award	Share Options (right to buy)	160,718	$0.00	$0.00
Grant/Award	Share Options (right to buy)	135,869	$0.00	$0.00

Holdings After Transaction: Share Options (right to buy) — 939,458 shares (Direct); Ordinary Shares — 93,456 shares (Direct)

Footnotes (3)

1. F1. Reflects ordinary shares acquired through a directed share program conducted in connection with the Issuer's initial public offering and consists of shares acquired to reinvest in the Issuer using after-tax proceeds from the Management Incentive Plan (the "MIP").
2. F2. Reflects share options granted pursuant to the DPC Holdings Limited 2026 Equity Incentive Plan (the "Equity Incentive Plan") in connection with the closing of the Issuer's initial public offering (the "IPO Grants").
3. F3. Reflects share options granted pursuant to the Equity Incentive Plan in connection with the closing of the Issuer's initial public offering and an amendment to the Issuer's MIP (the "MIP Recognition Grants").

Key Figures

Open-market purchase: 85,973 shares at $33.00 Direct holdings after trade: 93,456 Ordinary Shares Option grant tranche: 135,869 options at $33.00 +3 more

6 metrics

Open-market purchase 85,973 shares at $33.00 Ordinary Shares bought on June 26, 2026

Direct holdings after trade 93,456 Ordinary Shares Total direct ownership following purchase

Option grant tranche 135,869 options at $33.00 Share options granted June 24, 2026; expire 2036

Higher-price option tranche 160,718 options at $48.31 Share options granted June 24, 2026; expire 2036

Staggered option tranche 160,718 options at $36.30 Exercisable from 2028; expire 2036

IPO-linked option grants Multiple tranches, $33.00–$48.31 strikes Granted under 2026 Equity Incentive Plan at IPO closing

Key Terms

directed share program, Management Incentive Plan, Equity Incentive Plan, initial public offering, +2 more

6 terms

directed share program financial

"Reflects ordinary shares acquired through a directed share program conducted in connection with the Issuer's initial public offering"

Management Incentive Plan financial

"shares acquired to reinvest in the Issuer using after-tax proceeds from the Management Incentive Plan (the "MIP")"

A management incentive plan is a structured pay program that rewards company executives and senior managers when they meet specific goals, using cash bonuses, stock awards, or options. It matters to investors because it helps align leaders’ actions with shareholder interests—like tying a coach’s bonus to a team’s wins—while influencing retention, risk-taking and potential share dilution, all of which can affect company performance and stock value.

Equity Incentive Plan financial

"share options granted pursuant to the DPC Holdings Limited 2026 Equity Incentive Plan (the "Equity Incentive Plan")"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

initial public offering financial

"conducted in connection with the Issuer's initial public offering and consists of shares acquired"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

IPO Grants financial

"granted pursuant to the DPC Holdings Limited 2026 Equity Incentive Plan ... (the "IPO Grants")"

MIP Recognition Grants financial

"granted pursuant to the Equity Incentive Plan ... an amendment to the Issuer's MIP (the "MIP Recognition Grants")"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/04/2026 - 12:15 PM Accepted by SEC EDGAR 06/26/2026 - 04:08 PM Learn about SEC filing dates

FAQ

What did DPC (DPC) COO Jason Mays buy in this Form 4 filing?

Jason Mays bought 85,973 Ordinary Shares of DPC in an open-market transaction at a price of $33.00 per share. This increased his direct holdings to 93,456 Ordinary Shares, according to the Form 4 insider trading report.

How many DPC shares does Jason Mays own after these transactions?

After the reported transactions, Jason Mays directly holds 93,456 Ordinary Shares of DPC. This figure comes from the Form 4, which reports the total shares owned following his open-market purchase on June 26, 2026.

What share options were granted to DPC COO Jason Mays in connection with the IPO?

Jason Mays received several grants of share options under the 2026 Equity Incentive Plan in connection with DPC’s IPO. These options cover Ordinary Shares with exercise prices from $33.00 to $48.31 per share and expirations in 2036, including IPO and MIP recognition grants.

Are Jason Mays’ option grants at DPC open-market purchases?

No. The option grants to Jason Mays are compensation awards under DPC’s 2026 Equity Incentive Plan. The Form 4 describes them as grants made at $0.00 per option in connection with the IPO and Management Incentive Plan amendment, not open-market trades.

What is the significance of the directed share program mentioned for DPC?

The Form 4 notes that Mays’ Ordinary Shares were acquired through a directed share program conducted with DPC’s IPO. It states these shares represent reinvestment of after-tax proceeds from the Management Incentive Plan into the issuer’s stock.

When do Jason Mays’ DPC share options expire and at what prices?

Mays’ share options generally expire in 2036, with different tranches carrying exercise prices such as $33.00, $36.30, $39.93, $43.92, and $48.31 per Ordinary Share, as detailed for each grant date in the Form 4.

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^*

Mays Jason

(Last) (First) (Middle)

DONINGTON COURT, 2ND FLOOR,

PEGASUS BUSINESS PARK, HERALD WAY

(Street)

DERBY DE742UZ

(City) (State) (Zip)

UNITED KINGDOM

(Country)

2. Issuer Name and Ticker or Trading Symbol
DPC Holdings Ltd [ DPC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2026

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
Ordinary Shares	06/26/2026		P(1)		85,973	A	$33	93,456	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
Share Options (right to buy)	$33	06/24/2026		A(2)		160,717		06/24/2027	06/24/2036	Ordinary Shares	160,717	$0(2)	160,717	D
Share Options (right to buy)	$36.3	06/24/2026		A(2)		160,718		06/24/2028	06/24/2036	Ordinary Shares	160,718	$0(2)	160,718	D
Share Options (right to buy)	$39.93	06/24/2026		A(2)		160,718		06/24/2029	06/24/2036	Ordinary Shares	160,718	$0(2)	160,718	D
Share Options (right to buy)	$43.92	06/24/2026		A(2)		160,718		06/24/2030	06/24/2036	Ordinary Shares	160,718	$0(2)	160,718	D
Share Options (right to buy)	$48.31	06/24/2026		A(2)		160,718		06/24/2031	06/24/2036	Ordinary Shares	160,718	$0(2)	160,718	D
Share Options (right to buy)	$33	06/24/2026		A(3)		135,869		06/24/2026	06/24/2036	Ordinary Shares	135,869	$0(3)	135,869	D

Explanation of Responses:

1. Reflects ordinary shares acquired through a directed share program conducted in connection with the Issuer's initial public offering and consists of shares acquired to reinvest in the Issuer using after-tax proceeds from the Management Incentive Plan (the "MIP").

2. Reflects share options granted pursuant to the DPC Holdings Limited 2026 Equity Incentive Plan (the "Equity Incentive Plan") in connection with the closing of the Issuer's initial public offering (the "IPO Grants").

3. Reflects share options granted pursuant to the Equity Incentive Plan in connection with the closing of the Issuer's initial public offering and an amendment to the Issuer's MIP (the "MIP Recognition Grants").

	/s/ Helen Barrett-Hague, Attorney-in-Fact for Jason Mays	06/26/2026
	** 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)