PayPay director exercises options for 54,400 shares
PayPay Corp director Nakayama Ichiro exercised stock options to acquire 54,400 Common Shares on June 8, 2026.
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Form Type
4
Rhea-AI Filing Summary
PayPay Corp director Nakayama Ichiro exercised stock options to acquire 54,400 Common Shares on June 8, 2026. The options were exercised at an effective dollar exercise price of $8.11 per Common Share, based on a JPY 1,300 strike converted at an exchange rate of JPY 160.2600 = US$1.00.
Following the transactions, Nakayama directly holds 54,478 Common Shares. The Common Shares are represented by American Depositary Shares on a one-for-one basis. After the exercise, 203 stock options remain outstanding, with 13 already vested and 190 scheduled to vest in two equal annual installments on April 1, 2027 and April 1, 2028, each option exercisable for 200 Common Shares.
Insider Trade Summary
272 shares exercised/converted
Exercise
2 txns
Insider
Nakayama Ichiro
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 272 | $0.00 | $0.00 |
| Exercise | Common Shares | 54,400 | $8.11 | $441K |
Holdings After Transaction:
Stock Options (Right to Buy) — 203 contracts (Direct);
Common Shares — 54,478.4 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 JPY 160.2600 = US$1.00, which was the foreign exchange rate on June 5, 2026, as reported by the U.S. Federal Reserve in its weekly release on June 8, 2026. The exercise price is the actual Japanese Yen amount regardless of the exchange rate on the date of exercise.
- F3. 13 of these options are fully vested with the remaining 190 options to vest in two equal annual installments on April 1, 2027, and April 1, 2028. 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
Shares acquired via exercise: 54,400 Common Shares
Exercise price: $8.11 per Common Share
Shares held after transaction: 54,478 Common Shares
+4 more
7 metrics
Shares acquired via exercise
54,400 Common Shares
Options exercised on June 8, 2026
Exercise price
$8.11 per Common Share
Dollar-equivalent of JPY 1,300 strike using JPY 160.2600 = US$1.00
Shares held after transaction
54,478 Common Shares
Direct ownership following June 8, 2026 exercises
Options exercised
272 stock options
Derivative transaction on June 8, 2026
Options remaining
203 stock options
Outstanding after the reported transactions
Yen-denominated strike
JPY 1,300 per Common Share
Underlying option exercise price in Japanese Yen
FX rate used
JPY 160.2600 = US$1.00
Conversion rate as of June 5, 2026
Key Terms
American Depositary Shares (ADS), exercise price, stock options, vesting, +1 more
5 terms
exercise price financial
"The exercise price is denominated in Japanese Yen."
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
"13 of these options are fully vested with the remaining 190 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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PayPay (PAYP) director Nakayama Ichiro report in this Form 4?
Director Nakayama Ichiro exercised stock options to acquire 54,400 PayPay Common Shares on June 8, 2026. These options converted into Common Shares represented by ADSs, increasing his direct share ownership to 54,478 shares after the transactions.
What PayPay (PAYP) stock options remain outstanding for Nakayama Ichiro?
After the exercise, 203 stock options remain outstanding for Nakayama Ichiro. Footnotes state 13 options are fully vested, with the remaining 190 scheduled to vest in two equal annual installments on April 1, 2027 and April 1, 2028.
How is the PayPay (PAYP) stock option exercise price determined in U.S. dollars?
The option strike is JPY 1,300 per Common Share, with a translated dollar exercise price of $8.11. This uses an exchange rate of JPY 160.2600 = US$1.00 from June 5, 2026; the actual strike remains denominated in Japanese Yen.
AI-generated analysis. How Rhea-AI works. Not financial advice.
