SharkNinja (SN) CCO Neil Shah Exercises Options and Sells Shares

What Happened
Neil B. Shah, Chief Commercial Officer of SharkNinja (SN), exercised or converted derivative awards and immediately sold shares on August 7, 2026. The filing shows two exercise/conversion entries for 40,000 shares each (reported at $0.00). To cover the tax obligation, 19,340 shares were surrendered/withheld at a weighted average price of $185.52 for proceeds of $3,587,957. In addition, Shah sold 22,723 shares in open-market transactions at a weighted average price of $186.67 for $4,241,702 and sold 6,944 shares at a weighted average price of $187.07 for $1,299,014. Total gross proceeds from the reported sales: approximately $9,128,673.

Key Details

• Transaction date: August 7, 2026. Transaction codes: M = exercise/conversion, F = tax withholding/payment, S = open market sale.
• Sales detail: 19,340 shares @ $185.52 (weighted avg) = $3,587,957; 22,723 shares @ $186.67 (weighted avg) = $4,241,702; 6,944 shares @ $187.07 (weighted avg) = $1,299,014. Total ≈ $9.13M.
• Price ranges (per footnotes): the $186.67 weighted avg sale included trades from $186.00–$186.99; the $187.07 weighted avg sale included trades from $187.00–$187.15. The filer can provide per-price breakdown on request.
• Tax withholding: 19,340 shares were surrendered/withheld to satisfy exercise/tax obligations (code F).
• Derivative/award notes: filing indicates restricted share units/performance RSUs structure (each RSU = right to one ordinary share; some PRSUs granted Jan 2, 2026 may vest based on market-cap targets over 5 years).
• Shares owned after transaction: Not specified in the excerpt of the filing provided.
• Filing timeliness: Reported as filed with period/filing date 2026-08-07; no late filing noted in this record.

Context
This was effectively a cashless exercise/settlement: Shah converted derivative awards and used a portion of the resulting shares to cover taxes, while selling additional shares in the open market. Such transactions are commonly routine (tax withholding, diversification, or liquidity) and do not by themselves indicate the insider’s view on the company. The derivative entries mean the insider converted award(s) into ordinary shares before the sales.