Bending Spoons Director Robert J. Mylod Jr. Exercises Warrants

What Happened

• Robert J. Mylod Jr., a director of Bending Spoons S.p.A., exercised in‑the‑money derivative instruments (warrants/options) on 2026-09-19 to acquire 17,745 common shares at a reported price of $1.24 per share, for a total cost of $21,997. The same filing shows a separate line listing 3,549 shares as "Disposed" at $0 in connection with the derivative transaction (no cash amount reported for that disposal).
• The filing converts the exercise price from euros to U.S. dollars using an exchange ratio of 1.1607 USD per 1.00 EUR. The warrants are noted as fully vested and exercisable.

Key Details

• Transaction date: 2026-09-19. Filing date (Form 4): 2026-09-25 — appears later than the usual 2-business-day filing requirement.
• Acquired: 17,745 shares @ $1.24 (total $21,997). Disposed: 3,549 shares @ $0 (reported as derivative disposal, $0 proceeds).
• Shares owned after the transaction: not provided in the data supplied.
• Footnotes: F1 — exercise price denominated in euros, converted at 1.1607 USD/EUR; F2 — warrants fully vested and exercisable.
• Filing timeliness: filed six days after the transaction date; may be considered late under the standard Form 4 deadline.

Context

• This was an exercise of derivative securities (warrants/options), which results in share acquisition rather than an open-market buy. The filing does not show an immediate open-market sale of shares for cash. The separate line reporting 3,549 shares disposed at $0 is recorded in the filing but not explained; the document does not specify the reason for that disposal (e.g., withholding or settlement), so no definitive conclusion can be drawn from that line alone.
• Exercises are common for insiders with vested derivatives and do not by themselves establish a change in sentiment about the company.