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SharkNinja (SN) CCO Neil Shah reports major RSU vesting and tax share disposals

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SharkNinja, Inc. Chief Commercial Officer Neil B. Shah reported equity award activity involving restricted share units (RSUs) and ordinary shares. On February 28, 2026, he exercised 72,976 RSUs and an additional 40 RSUs, with each unit converting into one ordinary share.

These RSUs included 21,893 time-based and 51,083 performance-based awards granted on July 31, 2023 that fully vested on February 28, 2026, plus RSUs granted on April 29, 2025 that also fully vested that day. In connection with these exercises, 33,740 ordinary shares and 20 ordinary shares were disposed of to cover tax obligations.

After these transactions, Shah directly held 70,106 ordinary shares. The filing also shows indirect ownership of 499,552 ordinary shares through a limited partnership.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Shah Neil B.

(Last) (First) (Middle)
89 A STREET

(Street)
NEEDAM MA 02494

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SharkNinja, Inc. [ SN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Commercial Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 02/28/2026 M 72,976 A $0 103,826 D
Ordinary Shares 02/28/2026 F 33,740 D $122.87 70,086 D
Ordinary Shares 02/28/2026 M 40 A $0 70,126 D
Ordinary Shares 02/28/2026 F 20 D $122.87 70,106 D
Ordinary Shares 499,552 I By Limited Partnership
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Share Units (1) 02/28/2026 M 72,976 (2) (2) Ordinary Shares 72,976 $0 0 D
Restricted Share Units (1) 02/28/2026 M 40 (3) (3) Ordinary Shares 40 $0 0 D
Explanation of Responses:
1. Each Restricted Share Unit represents the contingent right to receive one ordinary share.
2. These Restricted Share Units consist of 21,893 time-based Restricted Share Units and 51,083 performance-based Restricted Share Units that were granted on July 31, 2023 and vested in full on February 28, 2026. The time-based Restricted Share Units were previously reported on the Form 3 filed by the Reporting Person on January 2, 2026. The performance-based Restricted Share Units are being reported for the first time on this Form 4 in connection with their vesting.
3. These Restricted Share Units were granted on April 29, 2025 and vested in full on February 28, 2026. These Restricted Share Units were previously reported on the Form 3 filed by the Reporting Person on January 2, 2026.
Remarks:
/s/ Pedro J. Lopez-Baldrich, Attorney-in-Fact for Neil B. Shah 03/03/2026
** 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 4 (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.

FAQ

What did SharkNinja (SN) executive Neil B. Shah report in this Form 4?

Neil B. Shah reported the vesting and settlement of restricted share units (RSUs). RSUs converted into ordinary shares on February 28, 2026, and some resulting shares were delivered to satisfy tax obligations tied to those equity awards.

How many SharkNinja (SN) restricted share units vested for Neil B. Shah?

A total of 73,016 restricted share units vested and were exercised. This includes 72,976 RSUs plus 40 additional RSUs, each representing the contingent right to receive one ordinary share upon vesting and settlement.

Were any of Neil B. Shah’s SharkNinja (SN) shares sold on the open market?

The Form 4 shows dispositions classified as tax-withholding transactions. A total of 33,740 shares and 20 shares were delivered to cover tax liabilities, rather than being reported as open-market sales initiated for investment purposes.

What is Neil B. Shah’s direct ownership in SharkNinja (SN) after these transactions?

After the reported transactions, Neil B. Shah directly held 70,106 ordinary shares. This direct holding reflects the net result of RSU conversions into shares and the related share dispositions for tax withholding on February 28, 2026.

Does Neil B. Shah have indirect ownership of SharkNinja (SN) shares?

Yes, the Form 4 reports indirect ownership through a limited partnership. It shows 499,552 ordinary shares held indirectly, labeled as "By Limited Partnership," in addition to his directly held ordinary shares.

What types of SharkNinja (SN) equity awards were involved in this filing?

The filing involves time-based and performance-based restricted share units. 21,893 time-based RSUs and 51,083 performance-based RSUs granted on July 31, 2023, plus RSUs granted on April 29, 2025, all vested and settled on February 28, 2026.
SharkNinja, Inc.

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16.34B
83.16M
Furnishings, Fixtures & Appliances
Household Appliances
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United States
NEEDHAM