WeShop Holdings (WSHP) exec adds 5,186 shares in option exercise
Rhea-AI Filing Summary
WeShop Holdings Ltd executive John B. Garner, Head of Strategy and Vision, exercised a Performance Incentive Grant Option for 5,186 Class A ordinary shares on 2026-08-13 at an exercise price of $9.64 per share. This option exercise reduced his reported derivative position to 2,303,080 derivative securities and increased his directly held Class A ordinary shares to 696,920. An additional 773,822 Class A ordinary shares are reported as held indirectly by Max Capital Limited, where voting and dispositive power is exercised by a three-person committee including Garner; he disclaims beneficial ownership of those indirectly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,186 shares
Net Buy
3 txns
Insider
Garner John B.
Role
Head of Strategy and Vision
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Incentive Grant Option | 5,186 | $0.00 | $0.00 |
| Exercise | Class A ordinary shares | 5,186 | $9.64 | $50K |
| holding | Class A ordinary shares F1 | -- | -- | -- |
Holdings After Transaction:
Performance Incentive Grant Option — 2,303,080 shares (Direct);
Class A ordinary shares — 696,920 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: 5,186 shares
Exercise Price: $9.64 per share
Direct Shares After Transaction: 696,920 shares
+3 more
6 metrics
Options Exercised
5,186 shares
Performance Incentive Grant Option exercised on 2026-08-13
Exercise Price
$9.64 per share
Exercise price of Performance Incentive Grant Option for 5,186 shares
Direct Shares After Transaction
696,920 shares
Class A ordinary shares directly held by Garner following the exercise
Indirect Shares via Max Capital Limited
773,822 shares
Class A ordinary shares held indirectly; beneficial ownership disclaimed
Remaining Derivative Securities
2,303,080 options
Performance Incentive Grant Option securities following the reported exercise
Option Expiration Date
2030-11-14
Expiration date of the Performance Incentive Grant Option tranche exercised
Key Terms
Performance Incentive Grant Option, derivative security, beneficial ownership, dispositive power
4 terms
Performance Incentive Grant Option financial
"The security title is listed as Performance Incentive Grant Option"
derivative security financial
"Transaction code M is described as 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 is exercised by a committee of three"
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
What insider transaction did John B. Garner report on Form 4 for WSHP?
John B. Garner reported exercising a Performance Incentive Grant Option into 5,186 Class A ordinary shares of WeShop Holdings Ltd on 2026-08-13, converting derivative holdings into directly owned common shares at a stated exercise price.
At what price did John B. Garner exercise his WSHP Performance Incentive Grant Option?
The option was exercised at an exercise price of $9.64 per share for 5,186 Class A ordinary shares. The derivative itself carried a $0.00 transaction price, reflecting its nature as an option being converted into underlying equity.
What derivative position does John B. Garner retain in WSHP after the option exercise?
After exercising part of his grant, John B. Garner continues to hold 2,303,080 Performance Incentive Grant Option derivative securities. The exercised tranche of 5,186 options had an exercise price of $9.64 and an expiration date of 2030-11-14.
Was John B. Garner’s WSHP Form 4 transaction under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as affirmative, and no footnote indicates a trading plan. The disclosure does not state that the reported option exercise was executed pursuant to a Rule 10b5-1 trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
