PayPay officer exercises options for 5,000 shares
PayPay Corp officer Sode Masanori exercised stock options to acquire 5,000 Common Shares on May 12, 2026.
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Form Type
4
Rhea-AI Filing Summary
PayPay Corp officer Sode Masanori exercised stock options to acquire 5,000 Common Shares on May 12, 2026. The options were exercised at an exercise price equivalent to $8.30 per Common Share, based on a JPY 1,300 price converted using a stated exchange rate. Following the transaction, Sode directly holds 15,278.4 Common Shares. The exercised options relate to awards where each option is exercisable for 200 Common Shares, and the underlying Common Shares are represented by American Depositary Shares on a one-for-one basis.
Insider Trade Summary
25 shares exercised/converted
Exercise
2 txns
Insider
Sode Masanori
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 25 | $0.00 | $0.00 |
| Exercise | Common Shares | 5,000 | $8.30 | $42K |
Holdings After Transaction:
Stock Options (Right to Buy) — 50 contracts (Direct);
Common Shares — 15,278.4 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 JPY 156.6400= US$1.00, which was the foreign exchange rate on May 8, 2026, as reported by the U.S. Federal Reserve in its weekly release on May 11, 2026. The exercise price is the actual Japanese Yen amount regardless of the exchange rate on the date of exercise.
- F3. 50 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
Common Shares acquired: 5,000 shares
Exercise price per share (USD equivalent): $8.30/share
Shares owned after transaction: 15,278.4 shares
+5 more
8 metrics
Common Shares acquired
5,000 shares
Shares received from option exercise on May 12, 2026
Exercise price per share (USD equivalent)
$8.30/share
Converted from JPY 1,300 using stated FX rate
Shares owned after transaction
15,278.4 shares
Direct Common Share holdings after May 12, 2026
Options exercised
25 options
Each option exercisable for 200 Common Shares
Options outstanding after transaction
50 options
Reported total stock options following transaction
Exercise price (JPY)
JPY 1,300 per share
Base currency exercise price for Common Shares
FX rate used for conversion
JPY 156.6400 = US$1.00
Foreign exchange rate cited from May 8, 2026
Option vesting dates
April 1, 2027 and April 1, 2028
Two equal annual installments for 50 options
Key Terms
American Depositary Shares (ADS), exercise price, stock options, derivative security, +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.
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.
vesting financial
"50 options to vest in two equal annual installments on April 1, 2027, and April 1, 2028."
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 did PayPay (PAYP) officer Sode Masanori report in this Form 4?
Sode Masanori reported exercising stock options to acquire 5,000 Common Shares of PayPay Corp. These shares came from options where each contract covers 200 shares, increasing his direct equity stake in the company.
At what price were the PayPay (PAYP) stock options exercised?
The options were exercised at an exercise price equivalent to $8.30 per Common Share. This amount reflects a JPY 1,300 exercise price converted using a specified foreign exchange rate from the U.S. Federal Reserve.
How many PayPay (PAYP) stock options were involved in the exercise?
The filing shows an exercise of 25 stock options, with each option exercisable for 200 Common Shares. This produced the 5,000 Common Shares acquired in the non-derivative transaction reported for May 12, 2026.
What are the vesting terms for the remaining PayPay (PAYP) stock options?
The filing notes 50 stock options vest in two equal annual installments on April 1, 2027, and April 1, 2028. Each option is exercisable for 200 Common Shares, reflecting previously disclosed vesting terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
