Insider at SharkNinja (SN) exercises 11.5M RSUs, holds 1.38M shares

Rhea-AI Filing Summary

SharkNinja, Inc. director and 10% owner Wang Xuning exercised restricted share units and received additional ordinary shares as equity compensation. On 2026-04-16, he exercised 11,533,334 restricted share units, converting them into 461,334 ordinary shares at a stated price of $0.00 per share.

Following this vesting and exercise, Wang directly held 1,384,000 ordinary shares. Footnotes state that he may also be deemed to beneficially own shares held by affiliated partnerships, including 53,307,760 ordinary shares owned by JS&W Group Holdings Limited Partnership and 326,333 ordinary shares owned by JS&W Asset Holdings Limited Partnership, reflecting substantial indirect holdings in addition to his direct position.

Insider Trade Summary

11,533,334 shares exercised/converted

Mixed 4 txns

Insider Wang Xuning, JS&W Group Holdings Limited Partnership

Role null | null

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	11,533,334	$0.00	--
Exercise	Ordinary Shares	461,334	$0.00	--
holding	Ordinary Shares	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Restricted Share Units — 0 shares (Direct, null); Ordinary Shares — 1,384,000 shares (Direct, null); Ordinary Shares — 53,307,760 shares (Indirect, By JS&W Group Holdings Limited Partnership)

Footnotes (1)

1. These shares are owned directly by JS&W Group Holdings 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 Group Holdings Limited Partnership, may be deemed to beneficially own the shares owned directly by JS&W Group Holdings 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 Asset Holdings 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 Asset Holdings Limited Partnership, may be deemed to beneficially own the shares owned directly by JS&W Asset Holdings 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. Each restricted share unit ("RSU") is the economic equivalent of one ordinary share of JS Global Lifestyle Company Limited ("JS Global") and the corresponding portion of the ordinary shares of the Issuer upon the completion of the separation of the Issuer from JS Global (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 consist of 5,766,667 time-based RSUs and 5,766,667 performance-based RSUs granted by JS Global to the Reporting Person on June 6, 2023 pursuant to its Restricted Share Unit Scheme, which vested in full on April 16, 2026. The time-based RSUs were previously reported on the Form 3 filed by the Reporting Person on January 2, 2026. The performance-based RSUs are being reported for the first time on this Form 4 in connection with their vesting.

Key Figures

RSUs Exercised: 11,533,334 RSUs Ordinary Shares Acquired: 461,334 shares Direct Holdings After: 1,384,000 shares +4 more

7 metrics

RSUs Exercised 11,533,334 RSUs Exercised on April 16, 2026

Ordinary Shares Acquired 461,334 shares Underlying shares from RSU exercise

Direct Holdings After 1,384,000 shares Ordinary shares held directly after transactions

Indirect Holdings via JS&W Group 53,307,760 shares Ordinary shares owned by JS&W Group Holdings LP

Indirect Holdings via JS&W Asset 326,333 shares Ordinary shares owned by JS&W Asset Holdings LP

Time-based RSUs 5,766,667 units Part of RSU grant vested April 16, 2026

Performance-based RSUs 5,766,667 units Part of RSU grant vested April 16, 2026

Key Terms

restricted share unit, performance-based RSUs, Separation, beneficially own, +1 more

5 terms

restricted share unit financial

"Each restricted share unit ("RSU") is the economic equivalent of one ordinary share"

A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.

performance-based RSUs financial

"These RSUs consist of 5,766,667 time-based RSUs and 5,766,667 performance-based RSUs"

Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.

Separation financial

"upon the completion of the separation of the Issuer from JS Global (the "Separation")"

beneficially own financial

"may be deemed to beneficially own the shares owned directly by JS&W Group Holdings"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

pecuniary interest financial

"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"

Form 4 Insider Transactions: What Each Field Means →

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^*

Wang Xuning

(Last) (First) (Middle)

89 A STREET

(Street)

NEEDHAM MASSACHUSETTS 02494

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SharkNinja, Inc. [ SN ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

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

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	04/16/2026		M		461,334	A	$0	1,384,000	D
Ordinary Shares								53,307,760	I(1)	By JS&W Group Holdings Limited Partnership
Ordinary Shares								326,333	I(2)	By JS&W Asset Holdings 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(3)	(3)	04/16/2026		M			11,533,334(4)	(4)	(4)	Ordinary Shares(3)	461,334	$0	0	D

1. Name and Address of Reporting Person^*

Wang Xuning

(Last) (First) (Middle)

89 A STREET

(Street)

NEEDHAM MASSACHUSETTS 02494

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

JS&W Group Holdings Limited Partnership

(Last) (First) (Middle)

3901, EAST TOWER OF CKC II, CENTRAL

(Street)

HONG KONG K3 00000

(City) (State) (Zip)

HONG KONG

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. These shares are owned directly by JS&W Group Holdings 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 Group Holdings Limited Partnership, may be deemed to beneficially own the shares owned directly by JS&W Group Holdings 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.

2. These shares are owned directly by JS&W Asset Holdings 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 Asset Holdings Limited Partnership, may be deemed to beneficially own the shares owned directly by JS&W Asset Holdings 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.

3. Each restricted share unit ("RSU") is the economic equivalent of one ordinary share of JS Global Lifestyle Company Limited ("JS Global") and the corresponding portion of the ordinary shares of the Issuer upon the completion of the separation of the Issuer from JS Global (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.

4. These RSUs consist of 5,766,667 time-based RSUs and 5,766,667 performance-based RSUs granted by JS Global to the Reporting Person on June 6, 2023 pursuant to its Restricted Share Unit Scheme, which vested in full on April 16, 2026. The time-based RSUs were previously reported on the Form 3 filed by the Reporting Person on January 2, 2026. The performance-based RSUs are being reported for the first time on this Form 4 in connection with their vesting.

	Wang Xuning /s/ Wang Xuning	04/20/2026
	JS&W Group Holdings Limited Partnership /s/ Wang Xuning Director of general partner of JS&W Group Holdings Limited Partnership	04/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider activity did Wang Xuning report for SharkNinja (SN)?

Wang Xuning reported the vesting and exercise of restricted share units, acquiring 461,334 ordinary shares of SharkNinja on April 16, 2026. This was an equity compensation event, not an open-market purchase or sale, and increased his direct share holdings.

How many SharkNinja shares does Wang Xuning hold directly after this Form 4?

After the transactions, Wang Xuning directly held 1,384,000 ordinary shares of SharkNinja. These shares reflect his personal position following the exercise of 11,533,334 restricted share units that converted into 461,334 ordinary shares on April 16, 2026.

How many restricted share units did Wang Xuning exercise in this SharkNinja filing?

He exercised 11,533,334 restricted share units (RSUs), each economically equivalent to one JS Global share and a related portion of SharkNinja shares. These RSUs, split between time-based and performance-based awards, fully vested and were converted into 461,334 ordinary shares.

What indirect SharkNinja holdings are associated with Wang Xuning?

Footnotes state that entities associated with Wang Xuning hold large indirect positions: 53,307,760 ordinary shares via JS&W Group Holdings Limited Partnership and 326,333 ordinary shares via JS&W Asset Holdings Limited Partnership. He may be deemed to beneficially own these, subject to pecuniary interest.

Were the RSUs in this SharkNinja Form 4 time-based or performance-based?

The 11,533,334 RSUs reported consist of 5,766,667 time-based RSUs and 5,766,667 performance-based RSUs granted on June 6, 2023. According to the filing, these awards vested in full on April 16, 2026, triggering the reported exercise.

Is this SharkNinja Form 4 an open-market buy or sell transaction?

No. The filing describes a derivative exercise, where restricted share units vested and converted into ordinary shares at a stated price of $0.00. There is no open-market purchase or sale code reported; it is a compensation-related equity vesting event.