WeShop’s Garner exercises options for 72,614 shares
WeShop Holdings Ltd executive John B. Garner reported an option exercise that increased his direct share holdings.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
WeShop Holdings Ltd executive John B. Garner reported an option exercise that increased his direct share holdings. He exercised a Performance Incentive Grant Option covering 72,614 Class A ordinary shares at a conversion price of $9.64 per share. Following this exercise, he directly holds 621,904 Class A ordinary shares. The filing also lists 773,822 Class A ordinary shares held indirectly through Max Capital Limited, where voting and dispositive decisions are made by a three-person committee that includes Garner, and he disclaims beneficial ownership of those indirectly held shares.
Insider Trade Summary
72,614 shares exercised/converted
Exercise
2 txns
Insider
Garner John B.
Role
Head of Strategy and Vision
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Incentive Grant Option | 72,614 | $0.00 | $0.00 |
| Exercise | Class A ordinary shares | 72,614 | $9.64 | $700K |
| Holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Performance Incentive Grant Option — 2,378,096 contracts (Direct);
Class A ordinary shares — 621,904 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 the 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
Option shares exercised: 72,614 shares
Conversion price: $9.64 per share
Direct holdings after exercise: 621,904 shares
+2 more
5 metrics
Option shares exercised
72,614 shares
Performance Incentive Grant Option into Class A ordinary shares
Conversion price
$9.64 per share
Exercise or conversion price for the option
Direct holdings after exercise
621,904 shares
Class A ordinary shares held directly after transactions
Indirect holdings via Max Capital
773,822 shares
Class A ordinary shares held by Max Capital Limited
Option expiration date
November 14, 2030
Expiration date of Performance Incentive Grant Option
Key Terms
Performance Incentive Grant Option, derivative security, beneficial ownership, dispositive power
4 terms
Performance Incentive Grant Option financial
"The filing shows an exercise of 72,614 Performance Incentive Grant Options into Class A ordinary shares"
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.
beneficial ownership financial
"the Reporting Person disclaims beneficial ownership of the securities held by Max Capital"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
dispositive power financial
"Voting and dispositive power with respect to the reported securities held by Max Capital is exercised by a committee"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did John B. Garner report for WeShop Holdings (WSHP)?
John B. Garner reported exercising a Performance Incentive Grant Option for 72,614 Class A ordinary shares at a $9.64 conversion price. This derivative exercise converted option rights into actual shares, increasing his direct equity stake in WeShop Holdings Ltd.
What is the size and price of the option exercise reported for WSHP?
The filing shows an exercise of 72,614 Performance Incentive Grant Options into Class A ordinary shares at a conversion price of $9.64 per share. The option itself carried a transaction price of $0.00, consistent with exercising previously granted incentive options.
What is Max Capital Limited’s role in the WeShop Holdings (WSHP) Form 4?
The Form 4 lists 773,822 Class A ordinary shares held by Max Capital Limited. A three-person committee, including John B. Garner, shares voting and dispositive power, and Garner expressly disclaims beneficial ownership of these indirectly held securities in the filing footnote.
What are the key dates for the Performance Incentive Grant Option in WSHP?
The Performance Incentive Grant Option exercised for 72,614 underlying Class A ordinary shares has an exercise date of March 18, 2026 and an expiration date of November 14, 2030. These dates frame the option’s exercisability and the final deadline to convert it into shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
