Bullish Director Wynn Andrew Charles Receives RSU Awards

What Happened
Wynn Andrew Charles, a director of Bullish (BLSH), received two restricted share unit (RSU) awards: 2,063 RSUs on 2026-07-10 and 5,877 RSUs on 2026-09-03. Each grant was recorded at $0.00 per share (RSUs are awards, not purchases), for a total of 7,940 RSUs. These RSUs represent the right to receive one ordinary share per RSU upon vesting.

Key Details

• Transaction dates and terms:
  • 2026-07-10: 2,063 RSUs granted at $0.00 (Footnote F1). Vest in full on June 1, 2027.
  • 2026-09-03: 5,877 RSUs granted at $0.00 (Footnote F2). Vest in full on September 1, 2027.
• Shares owned after transaction: not specified in this Form 4.
• Plan and nature of award: Grants made under the Bullish 2025 Omnibus Incentive Plan; each RSU converts to one ordinary share upon vesting.
• Filing and reporting: Form filed 2026-09-14 reporting a transaction period of 2026-07-10. The filing does not specify any late-filing flag.
• Regulatory note: Because Bullish is a foreign private issuer (Rule 3a12-3(b)), the reporting person’s transactions are noted as exempt from Sections 16(b) and 16(c) of the Securities Exchange Act.

Context
RSU grants are compensatory awards that vest on future dates and do not reflect an immediate purchase or sale of stock. They are not direct market bets by the insider; they entitle the holder to receive shares (or equivalent) when vesting conditions are met. For retail investors, awards signal management/company compensation decisions but should not be interpreted alone as a buy/sell signal.