WeShop exec exercises options for 56K shares
WeShop Holdings Ltd (WSHP) reported that officer John B. Garner, Head of Strategy and Vision, exercised a Performance Incentive Grant Option into Class A ordinary shares.
Rhea-AI Filing Summary
WeShop Holdings Ltd (WSHP) reported that officer John B. Garner, Head of Strategy and Vision, exercised a Performance Incentive Grant Option into Class A ordinary shares. On 2026-08-28 he exercised 56,401 options at an exercise price of $9.64 per share, disposing of the derivative security and acquiring the same number of Class A shares. Following the transactions, he directly held 753,321 Class A shares and 2,246,679 Performance Incentive Grant Options. An additional 773,822 Class A shares are held indirectly by Max Capital Limited, where voting and dispositive decisions are made by a three-person committee including Garner; he disclaims beneficial ownership of those Max Capital shares.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
56,401 shares exercised/converted
Exercise
3 txns
Insider
Garner John B.
Role
Head of Strategy and Vision
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Incentive Grant Option | 56,401 | $0.00 | $0.00 |
| Exercise | Class A ordinary shares | 56,401 | $9.64 | $544K |
| holding | Class A ordinary shares F1 | -- | -- | -- |
Holdings After Transaction:
Performance Incentive Grant Option — 2,246,679 contracts (Direct);
Class A ordinary shares — 753,321 shares (Direct);
Class A ordinary shares — 773,822 shares (Indirect, By Max Capital Limited)
Footnotes (1)
- F1. The reported securities are held by Max Capital Limited ("Max Capital"). Voting and dispositive power with respect to the reported securities held by Max Capital is exercised by a committee of three, including the Reporting Person, none of whom individually has the power to direct such decisions. As such, the Reporting Person disclaims beneficial ownership of the securities held by Max Capital.
Key Figures
Options exercised: 56,401 options
Exercise price: $9.64 per share
Shares acquired: 56,401 Class A ordinary shares
+4 more
7 metrics
Options exercised
56,401 options
Performance Incentive Grant Option exercised on 2026-08-28
Exercise price
$9.64 per share
Exercise price of Performance Incentive Grant Option
Shares acquired
56,401 Class A ordinary shares
Shares received from option exercise on 2026-08-28
Direct Class A shares after transaction
753,321 shares
Direct Class A ordinary shares held by Garner after 2026-08-28
Performance Incentive Grant Options after transaction
2,246,679 options
Performance Incentive Grant Options held by Garner after 2026-08-28
Indirect Class A shares via Max Capital Limited
773,822 shares
Class A shares held by Max Capital Limited; Garner disclaims beneficial ownership
Option expiration date
2030-11-14
Expiration date of the Performance Incentive Grant Option
Key Terms
Performance Incentive Grant Option, derivative security, indirect ownership, disclaims beneficial ownership
4 terms
Performance Incentive Grant Option financial
"security_title: "Performance Incentive Grant Option""
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
indirect ownership financial
"ownership_type: "indirect" with nature "By Max Capital Limited""
disclaims beneficial ownership financial
"the Reporting Person disclaims beneficial ownership of the securities"
FAQ
What insider transaction did WSHP officer John B. Garner report?
John B. Garner reported exercising a Performance Incentive Grant Option into 56,401 Class A ordinary shares of WeShop Holdings Ltd on 2026-08-28, converting derivative securities into common equity at an exercise price of $9.64 per share.
How many WSHP options did John B. Garner exercise and at what price?
He exercised 56,401 options under a Performance Incentive Grant Option, with an exercise price of $9.64 per share, receiving the same number of 56,401 Class A ordinary shares in WeShop Holdings Ltd.
Was John B. Garner’s WSHP transaction a buy or a sale?
The reported activity on 2026-08-28 was an option exercise: a derivative security was disposed and the corresponding 56,401 Class A shares were acquired. It is reported as a derivative exercise/conversion, not as an open-market purchase or sale.
Were the WSHP transactions made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, and there is no footnote indicating that the 2026-08-28 transactions were effected under a Rule 10b5-1 or similar pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
