Wise Group (WSE) Chief Product Officer reports multi‑million share and option stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Wise Group plc Chief Product Officer Nilan Peiris has filed an initial ownership report showing his equity position in the company. The filing lists 1,125,790 Class B Ordinary Shares and 2,364,221 Class A Ordinary Shares held directly as of the reporting date.
He also holds various equity awards, including multiple tranches of Restricted Share Units tied to Wise Class A Ordinary Shares and 815,285 nil-cost options that are fully vested and exercisable, expiring on January 20, 2032. The RSUs are scheduled to vest in equal installments starting on July 15, 2026, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Peiris Nilan
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Nil Cost Options (Right to Buy) | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Nil Cost Options (Right to Buy) — 815,285 shares (Direct, null);
Restricted Share Units — 52,619 shares (Direct, null);
Class A Ordinary Shares — 2,364,221 shares (Direct, null);
Class B Ordinary Shares — 1,125,790 shares (Direct, null)
Footnotes (1)
- Each Class B ordinary share corresponds to a Class A ordinary share and will be automatically cancelled upon the sale or other transfer of the corresponding Class A ordinary share or as otherwise provided in the Issuer's articles of association. Fully vested and exercisable. The restricted share units ("RSUs") will vest in two equal installments on July 15, 2026 and October 15, 2026, subject to the Reporting Person's continuous service through each applicable vesting date. Each RSU represents a contingent right to receive one Issuer Class A Ordinary Share or cash. The RSUs will vest in six equal quarterly installments commencing on July 15, 2026, subject to the Reporting Person's continuous service through each applicable vesting date. The RSUs will vest in ten equal quarterly installments commencing on July 15, 2026, subject to the Reporting Person's continuous service through each applicable vesting date. The RSUs will vest in fourteen equal quarterly installments commencing on July 15, 2026, subject to the Reporting Person's continuous service through each applicable vesting date.
Key Figures
Class B Ordinary Shares held: 1,125,790 shares
Class A Ordinary Shares held: 2,364,221 shares
RSUs tranche 1 underlying shares: 368,332 shares
+4 more
7 metrics
Class B Ordinary Shares held
1,125,790 shares
Direct ownership as reported on Form 3
Class A Ordinary Shares held
2,364,221 shares
Direct ownership as reported on Form 3
RSUs tranche 1 underlying shares
368,332 shares
Restricted Share Units linked to Class A Ordinary Shares
RSUs tranche 2 underlying shares
263,099 shares
Restricted Share Units linked to Class A Ordinary Shares
RSUs tranche 3 underlying shares
157,858 shares
Restricted Share Units linked to Class A Ordinary Shares
RSUs tranche 4 underlying shares
52,619 shares
Restricted Share Units linked to Class A Ordinary Shares
Nil-cost options underlying shares
815,285 shares
Fully vested nil-cost options, expiry January 20, 2032
Key Terms
Class B ordinary share, Restricted Share Units, nil-cost options, vest, +1 more
5 terms
nil-cost options financial
"Nil Cost Options (Right to Buy) with an exercise price of 0.0000 and expiration date January 20, 2032..."
vest financial
"The RSUs will vest in six equal quarterly installments commencing on July 15, 2026, subject to the Reporting Person's continuous service..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
contingent right financial
"Each RSU represents a contingent right to receive one Issuer Class A Ordinary Share or cash."
FAQ
What does Nilan Peiris’s Form 3 filing for Wise Group plc (WSE) show?
The Form 3 shows Nilan Peiris’s existing equity holdings in Wise Group plc, including Class A and Class B Ordinary Shares and several equity awards. It is an initial ownership statement, not a record of recent share purchases or sales.
What are the nil-cost options reported by Nilan Peiris in the Wise Group filing?
The filing lists 815,285 nil-cost options, each representing the right to acquire one Wise Group Class A Ordinary Share at an exercise price of zero. These options are fully vested and exercisable and are scheduled to expire on January 20, 2032.