Garner John B. 4
4 · WeShop Holdings Ltd · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
WeShop (WSHP) Head of Strategy John Garner Exercises Options $700K
What Happened
John B. Garner, Head of Strategy and Vision at WeShop Holdings (WSHP), exercised options on June 29, 2026 to acquire 72,614 shares at an exercise price of $9.64 per share, for a total cash cost of $699,999. The same filing also reports a simultaneous conversion/disposition of 72,614 derivative interests at $0.00; the filing’s footnote clarifies the securities are held by Max Capital Limited and Garner disclaims beneficial ownership.
Key Details
- Transaction date: 2026-06-29; Form 4 filed 2026-07-01 (reporting period 2026-06-29).
- Exercise details (code M): 72,614 shares acquired @ $9.64/share — total $699,999.
- Simultaneous conversion/disposition: 72,614 reported at $0.00 (derivative conversion).
- Shares owned after transaction: not separately reported for Garner; filing notes securities are held by Max Capital and Garner disclaims beneficial ownership (see footnote).
- Footnote (F1): Voting and dispositive power over the reported securities is exercised by a three-person committee of Max Capital, including Garner; none of the committee members individually controls those decisions.
Context
This was an option exercise (code M) requiring payment of $9.64 per share rather than an open-market buy or sale. The $0.00 disposition entry and F1 indicate the resulting securities are reported as held by Max Capital, so this filing does not necessarily reflect personal long-term share ownership by Garner. This report is informational about the exercise and related holding arrangement; it does not state that shares were sold for cash.
Insider Transaction Report
- Exercise/Conversion
Class A ordinary shares
2026-06-29$9.64/sh+72,614$699,999→ 621,904 total - Exercise/Conversion
Performance Incentive Grant Option
2026-06-29−72,614→ 2,378,096 totalExercise: $9.64From: 2026-03-18Exp: 2030-11-14→ Class A ordinary shares (72,614 underlying)
- 773,822(indirect: By Max Capital Limited)
Class A ordinary shares
[F1]
Footnotes (1)
- [F1]The reported securities are held by Max Capital Limited ("Max Capital"). Voting and dispositive power with respect to the reported securities held by the Max Capital is exercised by a committee of three, including the Reporting Person, none of whom individually has the power to direct such decisions. As such, the Reporting Person disclaims beneficial ownership of the securities held by Max Capital.