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.