HOULIHAN WILLIAM A 4

What Happened

• William A. Houlihan, a director of Webull Corp (BULL), had multiple insider transactions on April 10, 2026. The Form 4 reports: (1) an exercise/conversion of derivative securities resulting in acquisition of 12,500 shares at $0.00; (2) a separate exercise/conversion/disposition of 12,500 derivative units at $0.00; and (3) a grant/award of 4,719 restricted share units (RSUs) acquired at $0.00 that vested immediately. The filing shows no cash paid or received for these entries.

Key Details

• Transaction date(s): April 10, 2026; Form 4 filed April 13, 2026 (timely).
• Reported entries:
  • M (exercise/conversion of derivative): +12,500 shares @ $0.00 (acquired)
  • A (grant/award): +4,719 RSUs @ $0.00 (acquired; vested immediately)
  • M (exercise/conversion of derivative): -12,500 units @ $0.00 (disposed, derivative)
• Shares owned after reported transactions: Not specified in the filing.
• Footnotes: F1 — the 4,719 RSUs vested immediately upon grant on April 10, 2026. F2 — each RSU represents a contingent right to receive one Class A ordinary share.
• Filing timeliness: Filed within the SEC’s reporting window (not flagged as late).

Context

• M-code transactions mean exercise or conversion of a derivative (e.g., options or other convertible instruments). The Form 4 shows both an M acquisition and an M disposition for 12,500 units on the same day; the filing does not detail the economic reason for the offsetting entries.
• The 4,719 RSUs were awards that vested immediately; awards/vestings are routine compensation events and do not necessarily indicate a personal market view. There is no reported open‑market purchase or sale of shares for cash in this filing.