PayPay officer exercises options for 10,200 shares
PayPay Corp officer Sode Masanori exercised stock options to acquire additional equity in the company.
Rhea-AI Filing Summary
PayPay Corp officer Sode Masanori exercised stock options to acquire additional equity in the company. He exercised 51 stock options, each for 200 Common Shares, resulting in 10,200 new Common Shares at an exercise price of $8.14 per share. Following the transaction, he directly holds 10,278.4 Common Shares. The Common Shares are represented by American Depositary Shares on a one-for-one basis. Footnotes state that 25 of these options are already vested, with the remaining 50 options vesting in two equal annual installments beginning on April 1, 2027.
Positive
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Negative
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Insider Trade Summary
51 shares exercised/converted
Exercise
2 txns
Insider
Sode Masanori
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 51 | $0.00 | $0.00 |
| Exercise | Common Shares | 10,200 | $8.14 | $83K |
Holdings After Transaction:
Stock Options (Right to Buy) — 75 contracts (Direct);
Common Shares — 10,278.4 shares (Direct)
Footnotes (4)
- F1. The Common Shares are represented by American Depositary Shares (ADS). The Common Shares received upon exercise of any Stock Options will be converted into ADSs on a one-for-one basis.
- F2. The exercise price is denominated in Japanese Yen. For purposes of calculating the dollar denominated exercise price per Common Share, the exercise price of JPY 1,300 per Common Share has been converted to U.S. Dollars at the exchange rate of JPY159.6400 = US$1.00, which was the foreign exchange rate on April 3, 2026, as reported by the U.S. Federal Reserve in its weekly release on April 6, 2026. The exercise price is the actual Japanese Yen amount regardless of the exchange rate on the date of exercise.
- F3. 25 of these options are fully vested with the remaining 50 options to vest in two equal annual installments beginning on April 1, 2027. The Form 3 filed on March 18, 2026, reflected the vesting terms relating to the number of shares underlying such options, with each option exercisable for 200 Common Shares.
- F4. Reflects awards of stock options, with each option exercisable for 200 Common Shares.
Key Figures
Options exercised: 51 options
Shares acquired: 10,200 Common Shares
Exercise price: $8.14 per Common Share
+5 more
8 metrics
Options exercised
51 options
Stock Options (Right to Buy) exercised on 2026-04-07
Shares acquired
10,200 Common Shares
Each option exercisable for 200 Common Shares
Exercise price
$8.14 per Common Share
Converted from JPY 1,300 using JPY159.6400 = US$1.00
Post-transaction holdings
10,278.4 Common Shares
Direct ownership after option exercise
JPY exercise price
JPY 1,300 per Common Share
Base currency of stock option exercise price
FX rate used
JPY159.6400 = US$1.00
Rate on April 3, 2026 for dollar conversion
Option expiration
2033-03-31
Expiration date of stock options
Future vesting schedule
50 options vest in two annual installments
Beginning on April 1, 2027
Key Terms
American Depositary Shares, exercise price, stock options, vesting, +1 more
5 terms
exercise price financial
"The exercise price of JPY 1,300 per Common Share has been converted to U.S. Dollars."
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.
stock options financial
"Reflects awards of stock options, with each option exercisable for 200 Common Shares."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
vesting financial
"25 of these options are fully vested with the remaining 50 options to vest in two equal annual installments."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PayPay (PAYP) report for Sode Masanori?
PayPay reported that officer Sode Masanori exercised stock options to acquire 10,200 Common Shares. This came from exercising 51 options, each covering 200 shares, increasing his direct equity stake in the company through an options-to-shares conversion.
At what price did Sode Masanori exercise his PayPay (PAYP) stock options?
He exercised the options at $8.14 per Common Share, based on a JPY 1,300 exercise price converted using a JPY159.6400 to US$1.00 exchange rate. The actual obligation remains denominated in Japanese Yen regardless of future exchange-rate movements.
What are the vesting terms of the PayPay (PAYP) stock options exercised by Sode Masanori?
Footnotes state that 25 of these options are fully vested, while the remaining 50 options will vest in two equal annual installments starting April 1, 2027. Each option is exercisable for 200 Common Shares under the terms described in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
