Nash Richard Stephen 4
4 · CoinShares PLC · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
CoinShares (CSHR) Interim CFO Richard Nash Receives Shares & Options
What Happened
Richard Stephen Nash, Interim Chief Financial Officer of CoinShares PLC (CSHR), acquired 96,914 ordinary shares on March 31, 2026 and was reported as receiving 401,283 derivative securities (converted options) on April 1, 2026. The Form 4 shows no cash paid for these transactions — the shares and options were issued in connection with a previously announced business combination that converted holdings in CoinShares International Limited (CSIL) into shares and option rights of CoinShares PLC. The filing lists the derivative items at $0.00 but footnotes explain these are converted options with an adjusted exercise price and a specified vesting date.
Key Details
- Transaction dates and prices:
- 2026-03-31: Acquired 96,914 ordinary shares (no cash price shown; acquisition via business combination).
- 2026-04-01: Acquired 401,283 derivative securities (reported at $0.00; these are converted options).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1: Transactions are the result of the closing of a business combination between CoinShares PLC and CoinShares International Limited (CSIL). Each CSIL share converted into approximately 1.8237 ordinary shares of CoinShares PLC (the Exchange Ratio).
- F2: Unvested CSIL options were converted into options to purchase CoinShares PLC ordinary shares using the Exchange Ratio; the per‑share exercise price was adjusted by dividing the prior exercise price by the Exchange Ratio. The converted options reported in this filing vest on March 24, 2028.
- Filing timeliness: The Form 4 was filed April 2, 2026 for transactions dated March 31 and April 1, 2026; this appears to be timely (Form 4 is generally due within two business days of the reportable transaction).
Context
- These transactions reflect a corporate reorganization (share-and-option conversion) tied to the business combination, not an open‑market purchase or sale. The derivative line reflects converted option rights rather than a new cash exercise; vesting and the adjusted exercise price are governed by the conversion terms described in the footnotes.
Insider Transaction Report
Form 4
CoinShares PLCCSHR
Nash Richard Stephen
Interim CFO
Transactions
- Other
Ordinary shares
[F1]2026-03-31+96,914→ 96,914 total - Other
Employee Stock Option (right to buy)
[F1][F2]2026-04-01+401,283→ 401,283 totalExercise: $4.27From: 2028-03-24Exp: 2036-04-01→ Ordinary shares (401,283 underlying)
Footnotes (2)
- [F1]On March 31, 2026, CoinShares PLC, a public company limited by shares organized under the laws of Jersey (the "Issuer"), consummated its previously announced business combination (the "Business Combination") pursuant to Business Combination Agreement, dated as of September 8, 2025, by and among the Company, CoinShares International Limited, a public company limited by shares organized under the laws of Jersey ("CSIL"), and the other parties thereto. Upon closing of the Business Combination, the reporting person acquired these securities in exchange for the reporting person's securities in CSIL pursuant to the terms and conditions of the Business Combination Agreement. In the Business Combination, each CSIL share became approximately 1.8237 ordinary shares of the Issuer (the "Exchange Ratio").
- [F2]Each option to purchase shares of CSIL that was unvested was converted into an option to purchase a number of ordinary shares of the Issuer equal to the product obtained by multiplying (A) the number of shares of CSIL underlying such option by (B) the Exchange Ratio and (ii) the per share exercise price of each ordinary share issuable upon exercise of each such converted option is equal to the quotient obtained by dividing (A) the exercise price per share of such option immediately before the effective time of the Business Combination by (B) the Exchange Ratio, subject to the same terms and conditions of such option prior to conversion. The reported options vest on March 24, 2028.
Signature
/s/ Richard Stephen Nash|2026-04-02