CoinShares PLC: 10% owner Masters Daniel exercised 182,370 shares

What happened

• Masters Daniel, a 10% owner, exercised options to acquire 182,370 ordinary shares on Oct 12, 2026 (aggregate exercise price $238,959, equivalent to approximately $1.3103 per share).
• The filing also reports open-market sales of 72,978 shares across Oct 12–14, 2026 for a total of $308,908: 20,000 shares on Oct 12, 2026 for $89,214; 20,000 shares on Oct 13, 2026 for $86,816; and 32,978 shares on Oct 14, 2026 for $132,878. The filing also shows a disposition of 1 share on Oct 12, 2026 for $0 (derivative).

Key details

• Transaction dates and prices:
  • Oct 12, 2026: exercised 182,370 shares (aggregate exercise price $238,959; ~ $1.3103 per share).
  • Oct 12, 2026: sold 20,000 shares at a weighted average price reported as $4.46 for $89,214 (prices in range $4.41–$4.55, per filing).
  • Oct 13, 2026: sold 20,000 shares at a weighted average price reported as $4.34 for $86,816 (prices in range $4.26–$4.465, per filing).
  • Oct 14, 2026: sold 32,978 shares at a weighted average price reported as $4.03 for $132,878 (prices in range $3.94–$4.26, per filing).
  • Oct 12, 2026: disposition of 1 share as a derivative for $0.
• Shares owned after the transactions: not stated in the filing.
• Relevant footnotes: the exercise aggregate price and per-share equivalent are disclosed; the sales were made pursuant to a Rule 10b5-1 trading plan adopted Jun 12, 2026; weighted-average price ranges are provided for the sales; one prior filing overstated the number of shares underlying a call option by 2 shares and was corrected here.
• Filing timeliness: the filing does not indicate it was filed late.

Why it may matter

• The filing shows an option exercise with an aggregate exercise price of $238,959 (not a cashless phrase in the filing) and subsequent open-market sales executed under a Rule 10b5-1 plan.
• The reporting person is identified as a 10% owner (a large holder, not an executive).
• The filing does not show why the insider traded or why the company acted.