FalconX Holdings Ltd 4

What Happened

• FalconX Holdings Ltd (reported as a 10% owner) reported multiple open-market sales of Sharps Technology (STSS) stock and related derivative activity. Total open-market sales: 769,320 shares for $1,490,755 (sales on Jan 9 and Jan 12, 2026). The filing also shows exercise of an in‑the‑money derivative for 461,538 shares (reported with nominal value on the form) on Jan 9, 2026.

Key Details

• Transactions and values:
  • 2026-01-09: Sold 269,321 shares @ $1.93 — $518,524
  • 2026-01-09: Sold 260,411 shares @ $1.93 — $501,369
  • 2026-01-09: Exercised derivative (X) to acquire 461,538 shares @ $0.00 — nominal reported value $46
  • 2026-01-09: Derivative disposition (X) reported for 461,538 shares @ $0.00
  • 2026-01-12: Sold 192,307 shares @ $1.97 — $377,941
  • 2026-01-12: Sold 47,281 shares @ $1.97 — $92,921
  • Total sold: 769,320 shares for $1,490,755
• Shares owned after the reported transactions: not specified in the provided filing details.
• Footnotes / ownership structure:
  • Holdings are reported through affiliated funds and entities (MNNC Capital Digital Asset Opportunities Master Fund, MNNC Capital Digital Asset Opportunities BTC Master Fund, Solios, Inc.) with MNNC Capital GP, Monarch Digital, FalconX Alpha and FalconX Holdings Ltd each disclaiming beneficial ownership except to the extent of any pecuniary interest (see F1–F3).
  • F4 notes certain pre‑funded warrants involved have no expiration date.
• Filing timeliness: The Form 4 was filed on 2026-02-13 reporting transactions with an earliest trade date of 2026-01-09 — this filing appears late relative to the typical Form 4 deadline.

Context

• Derivative activity: The filing shows an exercise of in‑the‑money derivative shares (461,538) and a related derivative disposition for the same number on Jan 9. The Form 4 does not explicitly state whether shares acquired by exercise were immediately sold in the market, though open‑market sales occurred on Jan 9 and Jan 12.
• Investor note: FalconX is reported as a 10% institutional holder trading through funds/subsidiaries — this is institutional-level trading rather than an individual executive's decision. The report is factual transaction data and does not state the holder's motivations.