Wise Group product chief sells 58,262 shares for tax
The reported sale covered statutory tax withholding, not a discretionary sale; a separate RSU award begins vesting in 16 quarterly installments on January 15, 2027.
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Rhea-AI Filing Summary
Wise Group plc Chief Product Officer Nilan Peiris received 105,239 Class A Ordinary Shares when restricted share units vested on October 15, 2026. He was granted 495,437 additional RSUs, vesting in 16 equal quarterly installments beginning January 15, 2027.
On October 16, 2026, Peiris sold 58,262 Class A Ordinary Shares at $11.75 per share to cover statutory tax withholding obligations connected with RSU vesting; the footnote says this was not a discretionary sale, and no Rule 10b5-1 plan is reported. A separate holding entry lists 1,125,790 Class B Ordinary Shares held directly as of October 15, 2026. Each Class B share corresponds to a Class A share and is automatically cancelled upon sale or other transfer of the corresponding Class A share, or as otherwise provided in the issuer's articles.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares F2 | 58,262 | $11.75 | $685K |
| Exercise | Restricted Share Units F1, F4 | 26,310 | $0.00 | $0.00 |
| Exercise | Restricted Share Units F1, F5 | 26,310 | $0.00 | $0.00 |
| Exercise | Restricted Share Units F1, F6 | 26,309 | $0.00 | $0.00 |
| Exercise | Restricted Share Units F1, F7 | 26,310 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F1, F8 | 495,437 | $0.00 | $0.00 |
| Exercise | Class A Ordinary Shares F1 | 105,239 | -- | -- |
| holding | Class B Ordinary Shares F3 | -- | -- | -- |
Footnotes (8)
- F1. Each restricted share unit (RSUs) represents a contingent right to receive one Issuer Class A Ordinary Share or cash.
- F2. Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of the Restricted Share Units and does not represent a discretionary sale by the Reporting Person.
- F3. 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.
- F4. The reporting person was previously granted 52,619 RSUs, which vested on July 15, 2026 and October 15, 2026.
- F5. The reporting person was previously granted 157,858 RSUs, vesting in six equal quarterly installments beginning on July 15, 2026.
- F6. The reporting person was previously granted 263,099 RSUs, vesting in ten equal quarterly installments beginning on July 15, 2026.
- F7. The reporting person was previously granted 368,332 RSUs, vesting in fourteen equal quarterly installments beginning on July 15, 2026.
- F8. The RSUs vest in sixteen equal quarterly installments beginning on January 15, 2027.
Key Figures
Key Terms
statutory tax withholding obligations financial
FAQ
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How many WSE RSUs were granted to Nilan Peiris, and when do they vest?
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