Garner John B. 4

What Happened
John B. Garner, Head of Strategy and Vision at WeShop Holdings Ltd (WSHP), reported exercising stock-derived instruments on 2026-06-19. The filing shows acquisition of 25,933 shares at an exercise price of $9.64 per share for a total cash cost of $249,994. The report also includes a corresponding derivative conversion/disposition entry (25,933 units at $0.00), which reflects the conversion or surrender of the derivative instrument used to obtain the shares. This transaction is an exercise of options/derivatives (transaction code M) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-19 (reported on Form 4 filed 2026-06-23 — timely within reporting window).
• Primary entry: Acquired 25,933 shares at $9.64 each; total reported cost $249,994.
• Matching entry: Disposition of 25,933 derivative units at $0.00 (typical bookkeeping entry when an option/derivative is converted).
• Shares owned after transaction: Not specified in the excerpt provided — see the full Form 4 for post-transaction holdings.
• Footnote F1: Reported securities are held by Max Capital Limited; Garner is a member but disclaims beneficial ownership of the securities held by Max Capital.
• Transaction code: M = exercise/conversion of derivative.

Context
An exercise of options means the insider converted a derivative into underlying shares by paying the exercise price — this is different from an open-market buy/sell. No immediate open-market sale of the acquired shares is reported in the provided entries. Because the securities are held by Max Capital and Garner disclaims beneficial ownership, this filing reports the technical exercise but does not necessarily indicate personal ownership or trading intent. For full holdings, plan details, or any subsequent sales, review the complete Form 4 filing.