Small insider share withholding at Gates Industrial (NYSE: GTES) reported on Form 4

Rhea-AI Filing Summary

Gates Industrial Corp plc director Eliasson Fredrik J had 3 ordinary shares withheld by the company to cover obligations tied to vesting restricted stock units. The transaction on this Form 4 is a tax-related disposition coded as payment of exercise price or tax liability by delivering securities.

After this small, non‑market transaction, he directly holds 188,539 ordinary shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Eliasson Fredrik J

Role Director

Type	Security	Shares	Price	Value
Tax Withholding	Ordinary Shares	3	$27.57	$82.71

Holdings After Transaction: Ordinary Shares — 188,539 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Eliasson Fredrik J

(Last) (First) (Middle)

C/O GATES INDUSTRIAL CORPORATION PLC

1144 FIFTEENTH, SUITE 1400

(Street)

DENVER CO 80202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Gates Industrial Corp plc [ GTES ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

4. 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 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	02/28/2026		F		3(1)	D	$27.57	188,539	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

Explanation of Responses:

1. Represents ordinary shares withheld by the Company to satisfy payment of par value upon vesting of previously granted time-based restricted stock units (TBRSUs) in accordance with U.K. corporate law.

Remarks:

	/s/ Hillary Barrett-Osborne as Attorney-in-Fact	03/03/2026
	** 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.

FAQ

What insider transaction did Eliasson Fredrik J report at Gates Industrial (GTES)?

Eliasson Fredrik J reported a small tax-related share disposition. The company withheld 3 ordinary shares in connection with vesting of time-based restricted stock units, rather than an open-market sale. This left his remaining direct ownership essentially unchanged overall.

How many Gates Industrial (GTES) shares does Eliasson Fredrik J own after this Form 4?

After the reported transaction, Eliasson Fredrik J directly owns 188,539 ordinary shares. The Form 4 shows only 3 shares were withheld to satisfy obligations on vesting restricted stock units, so his overall stake changed by a very small amount.

Was the Gates Industrial (GTES) Form 4 a tax-withholding disposition or an open-market sale?

The Form 4 reflects a tax-withholding style disposition, not an open-market sale. Three ordinary shares were withheld by the company to satisfy payment obligations when previously granted time-based restricted stock units vested under applicable corporate requirements.

What does transaction code F mean in the Gates Industrial (GTES) Form 4?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 3 ordinary shares were withheld upon vesting of time-based restricted stock units, rather than being sold directly in the open market.

Is the Eliasson Fredrik J Form 4 for Gates Industrial (GTES) a significant insider trade?

The reported transaction is very small, involving only 3 ordinary shares. It reflects shares withheld to satisfy obligations on vesting restricted stock units, leaving the director with 188,539 shares, so it does not represent a major ownership change.