Wang Xuning 4

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.