Wang Xuning 4
4 · SharkNinja, Inc. · Filed Apr 20, 2026
Research Summary
AI-generated summary of this filing
SharkNinja (SN) 10% Owner Wang Xuning Converts RSUs to 461,334 Shares
What Happened
- Wang Xuning, reported as a >10% owner, completed a conversion/exercise of derivatives on April 16, 2026. The filing shows 11,533,334 RSU/derivative units disposed and 461,334 SharkNinja ordinary shares acquired. The transactions are recorded at $0.00 (no cash paid) because the shares resulted from a conversion tied to the Separation of SharkNinja from JS Global.
Key Details
- Transaction date: 2026-04-16; Form 4 filed 2026-04-20 (filed within the usual two-business-day reporting window).
- Disposed: 11,533,334 derivative units (RSUs) at $0.00; Acquired: 461,334 SharkNinja shares at $0.00.
- Conversion ratio: Each JS Global RSU converted into a portion of SharkNinja shares under the Separation (one SharkNinja share for every 25 JS Global shares), which explains the 25:1 reduction (11,533,334 → 461,334).
- Shares owned after transaction: not specified in the provided filing text.
- Notable footnotes:
- F4: The RSUs comprised 5,766,667 time‑based and 5,766,667 performance‑based RSUs granted June 6, 2023; the performance RSUs vested in full on April 16, 2026.
- F3: Each RSU equals one JS Global share and the corresponding Issuer shares upon Separation.
- F1/F2: Reported ownership is held through JS&W partnerships and a trust; Wang may be deemed to beneficially own but disclaims ownership except to extent of pecuniary interest.
Context
- These were derivative conversions related to the corporate Separation (not an open‑market buy or cash sale). The filing reflects conversion/vesting rather than a market purchase or sale, so no cash changed hands per the Form 4 ($0.00 price). As a >10% owner, Wang’s holdings are reported via affiliated partnerships/trusts (see footnotes), which is an ownership structure distinction rather than an immediate statement of trading intent.
Insider Transaction Report
Form 4
Wang Xuning
Director10% Owner
Transactions
- Exercise/Conversion
Ordinary Shares
2026-04-16+461,334→ 1,384,000 total - Exercise/Conversion
Restricted Share Units
[F3][F4]2026-04-16−11,533,334→ 0 total→ Ordinary Shares (461,334 underlying)
Holdings
- 53,307,760(indirect: By Partnership)
Ordinary Shares
[F1] - 326,333(indirect: By Partnership)
Ordinary Shares
[F2]
Footnotes (4)
- [F1]These shares are owned directly by JS&W Group Holdings Limited Partnership. Wang Xuning, as the settlor of a trust, which indirectly wholly owns the general partner and indirectly owns the controlling interest in the limited partner of JS&W Group Holdings Limited Partnership, may be deemed to beneficially own the shares owned directly by JS&W Group Holdings Limited Partnership. Wang Xuning reserves the right to revoke the trust without the consent of another person and exercises investment control over the Issuer's securities held by the trust. Mr. Wang disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F2]These shares are owned directly by JS&W Asset Holdings Limited Partnership. Wang Xuning, as the settlor of a trust, which indirectly wholly owns the general partner and indirectly owns the controlling interest in the limited partner of JS&W Asset Holdings Limited Partnership, may be deemed to beneficially own the shares owned directly by JS&W Asset Holdings Limited Partnership. Wang Xuning reserves the right to revoke the trust without the consent of another person and exercises investment control over the Issuer's securities held by the trust. Wang Xuning disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F3]Each restricted share unit ("RSU") is the economic equivalent of one ordinary share of JS Global Lifestyle Company Limited ("JS Global") and the corresponding portion of the ordinary shares of the Issuer upon the completion of the separation of the Issuer from JS Global (the "Separation"). In connection with the Separation, each JS Global shareholder as of the record date for the Separation was entitled to receive one ordinary share of the Issuer for every 25 ordinary shares of JS Global held by such shareholder.
- [F4]These RSUs consist of 5,766,667 time-based RSUs and 5,766,667 performance-based RSUs granted by JS Global to the Reporting Person on June 6, 2023 pursuant to its Restricted Share Unit Scheme, which vested in full on April 16, 2026. The time-based RSUs were previously reported on the Form 3 filed by the Reporting Person on January 2, 2026. The performance-based RSUs are being reported for the first time on this Form 4 in connection with their vesting.