WeShop (WSHP) Head of Strategy John B. Garner Exercises Options

What Happened

• John B. Garner, Head of Strategy and Vision at WeShop Holdings (WSHP), exercised options on July 30, 2026 to acquire 69,830 shares at an exercise price of $9.64 per share, paying $673,161. The filing also reports a corresponding disposition entry for 69,830 derivative units at $0.00, which reflects the conversion/closing out of the derivative instrument as part of the exercise. No open-market sale of the acquired shares is reported.

Key Details

• Transaction date: 2026-07-30
• Exercise price / acquisition: 69,830 shares at $9.64 each = $673,161 (Code M — option exercise)
• Disposition entry: 69,830 derivative units reported disposed at $0.00 (reflects conversion of derivative to common stock)
• Shares owned after transaction: Not specified in the provided filing details
• Footnote: Reported securities are held by Max Capital Limited. Voting and dispositive power are exercised by a three-person committee (including Garner); Garner disclaims beneficial ownership of the securities held by Max Capital (Footnote F1).
• Timeliness: File date 2026-08-03 for a 2026-07-30 transaction — no late-filing indication (filed within the Form 4 reporting window).

Context

• This was an option exercise (cash paid at $9.64/share), not an immediate sale of shares — i.e., Garner acquired stock rather than disposing of it into the market. The $0.00 disposition line is a routine reporting entry that often appears when an option/derivative is converted into common shares and no cash proceeds are received. Because the shares are held by Max Capital with committee control, the Reporting Person disclaims beneficial ownership under the footnote.