SharkNinja (SN) director and 10% owner Wang Xuning reports large stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
SharkNinja, Inc. insider Wang Xuning, a director and 10% owner, reports his initial beneficial ownership of the company’s ordinary shares. He directly holds 922,666 ordinary shares and indirectly holds 53,307,760 ordinary shares through JS&W Global Holding Limited Partnership and 326,333 ordinary shares through JS&W Capital Holding Limited Partnership, reflecting his role as settlor of a trust that controls these partnerships. The filing also notes 230,667 time-based restricted share units, each tied to one ordinary share, which are scheduled to vest in full on or around May 31, 2026, subject to his continuous service through January 31, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Wang Xuning, JS&W Global Holding Limited Partnership
Role
Director, 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Share Units | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 230,667 shares (Direct);
Ordinary Shares — 922,666 shares (Direct);
Ordinary Shares — 53,307,760 shares (Indirect, By JS&W Global Holding Limited Partnership)
Footnotes (1)
- These shares are owned directly by JS&W Global Holding Limited Partnership. Wang Xuning, as the settlor of a trust, which indirectly wholly owns the general partner and indirectly owns the controlling interest in the limited partner of JS&W Global Holding Limited Partnership, may be deemed to beneficially own the shares owned directly by JS&W Global Holding Limited Partnership. Wang Xuning reserves the right to revoke the trust without the consent of another person and exercises investment control over the Issuer's securities held by the trust. Mr. Wang disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. These shares are owned directly by JS&W Capital Holding Limited Partnership. Wang Xuning, as the settlor of a trust, which indirectly wholly owns the general partner and indirectly owns the controlling interest in the limited partner of JS&W Capital Holding Limited Partnership, may be deemed to beneficially own the shares owned directly by JS&W Capital Holding Limited Partnership. Wang Xuning reserves the right to revoke the trust without the consent of another person and exercises investment control over the Issuer's securities held by the trust. Wang Xuning disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Refers to the time-based restricted share units ("RSUs") granted to Wang Xuning on June 6, 2023 pursuant to the Restricted Share Unit Scheme of JS Global Lifestyle Company Limited ("JS Global"), adopted on October 9, 2019, and amended on December 14, 2020, June 4, 2021, December 30, 2021, March 29, 2022, respectively. JS Global was the Issuer's parent prior to the completion of the Issuer's separation and distribution on July 31, 2023 (the "Separation"). Each RSU is the economic equivalent of one ordinary share of JS Global and the corresponding portion of the ordinary shares of the Issuer upon the completion of the Separation. In connection with the Separation, each JS Global shareholder as of the record date for the Separation was entitled to receive one ordinary share of the Issuer for every 25 ordinary shares of JS Global held by such shareholder. These RSUs vest in full on or around May 31, 2026, subject to Wang Xuning's continuous service through January 31, 2026.
FAQ
What does this Form 3 filing reveal about SharkNinja (SN)?
This Form 3 shows that Wang Xuning is a director and 10% owner of SharkNinja, Inc. (SN), disclosing his direct, indirect, and derivative beneficial ownership of the company’s ordinary shares.
What indirect SharkNinja (SN) holdings are reported for Wang Xuning?
He indirectly owns 53,307,760 ordinary shares through JS&W Global Holding Limited Partnership and 326,333 ordinary shares through JS&W Capital Holding Limited Partnership, via a trust structure that controls these entities.
How are the JS&W Global and JS&W Capital holdings attributed to Wang Xuning?
The shares are owned directly by JS&W Global Holding Limited Partnership and JS&W Capital Holding Limited Partnership. As settlor of a trust that indirectly wholly owns the general partners and controls the limited partners, Wang Xuning may be deemed to beneficially own these shares, while disclaiming beneficial ownership beyond his pecuniary interest.
When were the RSUs reported in this filing originally granted?
The RSUs were granted to Wang Xuning on June 6, 2023 under the Restricted Share Unit Scheme of JS Global Lifestyle Company Limited, which was SharkNinja’s parent before the separation completed on July 31, 2023.