LAWDAY MARK JAMES 4

What Happened

• Mark Lawday (insider; role not specified in the filing) was granted an award of 3,040 time‑based stock options on March 16, 2026. This filing reports an award (derivative transaction), not a purchase or sale of shares. The options convert 1-for-1 into ordinary shares upon exercise for a nominal payment of $1.00 per share (see footnote).

Key Details

• Transaction date: March 16, 2026 (reported on Form 4 filed March 18, 2026).
• Security/amount: 3,040 Stock Options (derivative award).
• Exercise/convert terms: 1-for-1 conversion; nominal payment of $1.00 per Ordinary Share upon exercise (footnote F1).
• Vesting: Time‑based; vests in three equal instalments beginning March 16, 2027 (footnote F2).
• Shares owned after transaction: Not disclosed in the filing.
• Timeliness: Form 4 was filed March 18, 2026 — within the standard 2‑business‑day reporting window.

Context

• These are granted (time‑based) options, not an immediate purchase or sale. The options must vest before they become exercisable; the filing does not indicate any immediate exercise or sale.
• Because no exercise or sale occurred, there is no immediate cash flow or change in outstanding shares reported here — it documents future potential ownership if Lawday later exercises the options under the stated terms.