Farley Thomas W 4

What Happened
Bullish CEO Thomas W. Farley reported two transactions on 2026-05-05: a reported disposition of 247 shares and a reported acquisition of 247 shares. Both entries are listed as "Open market or private sale (S)" and show a price of $0.00 and total value of $0. The filing does not provide an explanation for the $0.00 price or the reason for the paired dispose/acquire entries.

Key Details

• Transaction date: 2026-05-05 (Form 4 filed 2026-05-06). Filing appears timely (filed the next day).
• Reported transactions: 247 shares disposed at $0.00; 247 shares acquired at $0.00. Report type shown as "S" (sale) for both entries in the filing.
• Reported total value for each entry: $0.00.
• Shares owned after transaction: not disclosed in this Form 4.
• Special note: The filing states the issuer is a foreign private issuer under Rule 3a12-3(b); therefore the reporting person’s transactions are exempt from Sections 16(b) and 16(c) of the Securities Exchange Act.
• No 10b5-1, tax-withholding, exercise, or other footnotes are included in the filing to explain the transactions.

Context
The $0.00 price and matching dispose/acquire entries often reflect non-cash transfers, corporate restructurings, or administrative reclassifications, but this Form 4 does not specify the cause. Because the issuer is a foreign private issuer and these trades are exempt from Sections 16(b) and 16(c), this report does not carry the same short-swing profit implications as typical Section 16 filings.