WeShop (WSHP) Head of Strategy John B. Garner Exercises 5,186 Options

What Happened

• John B. Garner, Head of Strategy and Vision at WeShop Holdings Ltd (WSHP), exercised 5,186 derivative securities on August 13, 2026, resulting in the acquisition of 5,186 ordinary shares. He paid $9.64 per share for a total cash outlay of $49,993. The filing also reports the corresponding disposition of the derivatives (options) at $0, reflecting the conversion/cancellation of the options upon exercise. There is no indication in the filing that the acquired shares were sold immediately.

Key Details

• Transaction date: 2026-08-13
• Action: Exercise/conversion of derivative (code M). Acquired 5,186 shares at $9.64 each (total $49,993); derivative position of 5,186 reflected as disposed at $0 (conversion).
• Shares owned after transaction: Not specified in the filing. The filing includes a footnote disclaiming beneficial ownership (see below).
• Footnote: The reported securities are held by Max Capital Limited. Voting and dispositive power over those securities is exercised by a three-member committee that includes Mr. Garner; none of the committee members individually controls those decisions. Mr. Garner disclaims beneficial ownership of the securities held by Max Capital (F1).
• Filing date: Form 4 filed Aug 17, 2026 reporting the Aug 13 transaction (Form 4s are generally due within two business days of the transaction).

Context

• This was an option exercise (derivative conversion) — Garner paid cash to exercise the options and acquire shares. The separate line showing the derivative "disposed" at $0 is standard when options are converted into common stock; it does not indicate an unrelated sale for proceeds. The filing does not show an immediate sale of the acquired shares.