Perpetuals.com (PDC) CTO holds options on 1,000,000 ordinary shares

Rhea-AI Filing Summary

Perpetuals.com Ltd director and Chief Technology Officer Yamamoto Hiroki reported an initial holding of stock options linked to the company’s ordinary shares.

These stock options allow him to purchase 1,000,000 ordinary shares at an exercise price of JPY 2 per share, expiring on February 28, 2029, under a shareholder-authorized share option plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Yamamoto Hiroki

Role Chief Technology Officer

Type	Security	Shares	Price	Value
holding	Stock Options	--	--	--

Holdings After Transaction: Stock Options — 1,000,000 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Underlying shares: 1,000,000 ordinary shares Exercise price: JPY 2 per share Expiration date: February 28, 2029 +1 more

4 metrics

Underlying shares 1,000,000 ordinary shares Stock options underlying security shares

Exercise price JPY 2 per share Stock option exercise price

Expiration date February 28, 2029 Stock option expiration

Derivative position reported 1,000,000 stock options Directly held by CTO

Key Terms

Stock Options, exercise price, underlying security

3 terms

Stock Options financial

"The reporting person held Stock Options linked to ordinary 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.

exercise price financial

"Stock options to purchase 1,000,000 ordinary shares with an exercise price of JPY 2 per share."

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.

underlying security financial

"The underlying security title for the options is Ordinary Shares."

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Yamamoto Hiroki

(Last) (First) (Middle)

5-7-11, UENO, TAITO-KU

(Street)

TOKYO 110-0005

(City) (State) (Zip)

JAPAN

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Perpetuals.com Ltd [ PDC ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

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

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options(1)	03/01/2021	02/28/2029	Ordinary Shares	1,000,000	$2	D

Explanation of Responses:

1. Earlyworks Co., Ltd. (now Perpetuals.com Ltd) (the "Company") granted the reporting person stock options to purchase 1,000,000 ordinary shares with an exercise price of JPY 2 per share under the share option plan authorized by the Company's shareholders on February 5, 2019.

	/s/ Hiroki Yamamoto	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does Perpetuals.com Ltd (PDC) disclose about Yamamoto Hiroki’s holdings in this Form 3?

The Form 3 shows Chief Technology Officer Yamamoto Hiroki holds stock options. These options relate to 1,000,000 ordinary shares, reflecting his equity-based incentive position as a senior executive of Perpetuals.com Ltd.

How many Perpetuals.com Ltd (PDC) shares are covered by Yamamoto Hiroki’s stock options?

The stock options cover 1,000,000 underlying ordinary shares. This figure represents the maximum number of shares he may purchase through this option grant, subject to the plan’s terms and expiry date.

What is the exercise price of Yamamoto Hiroki’s Perpetuals.com Ltd (PDC) stock options?

The options have an exercise price of JPY 2 per ordinary share. This means he can buy each share at JPY 2, regardless of the market price, if he exercises before the options expire.

When do Yamamoto Hiroki’s Perpetuals.com Ltd (PDC) stock options expire?

The stock options expire on February 28, 2029. After that expiration date, any unexercised options will lapse, and he will no longer be able to purchase shares using this particular grant.

When and how were Yamamoto Hiroki’s Perpetuals.com Ltd (PDC) stock options granted?

The company granted these stock options under a share option plan authorized by shareholders on February 5, 2019. The grant covers 1,000,000 ordinary shares at JPY 2 per share, aligning his incentives with long-term company performance.