WeShop (WSHP) Head of Strategy John Garner Exercises Options

What Happened

• John B. Garner, Head of Strategy and Vision at WeShop Holdings Ltd (WSHP), reported exercising stock option(s) on August 28, 2026. He acquired 56,401 shares at $9.64 per share for a total cash outlay of $543,706 (transaction code M).
• The filing also shows a corresponding derivative disposition of 56,401 shares at $0.00 (reported as a derivative conversion/disposition), indicating the exercise/conversion was recorded but not a cash sale of the shares.

Key Details

• Transaction date: 2026-08-28. Exercise price: $9.64; shares acquired: 56,401; total cost: $543,706.
• Disposition entry: 56,401 shares @ $0.00 (derivative conversion/disposition), proceeds $0.
• Shares owned after transaction: not separately reported in the filing; the securities are reported as held by Max Capital Limited (see footnote).
• Footnote: Reported securities are held by Max Capital Limited. Voting and dispositive power is exercised by a three-person committee that includes the reporting person; Garner disclaims beneficial ownership of the securities held by Max Capital.
• Filing timeliness: Form 4 filed 2026-09-01 for an 2026-08-28 transaction — appears to be later than the standard 2-business-day Form 4 filing window.

Context

• This was an options exercise (not an open-market purchase or sale). The $0 disposition entry is not a cash sale; it reflects conversion/transfer mechanics related to the derivative—likely the exercise and reclassification of derivative holdings into common shares held by Max Capital.
• Because the securities are held by Max Capital and Garner disclaims beneficial ownership, this filing documents the technical exercise/conversion but does not necessarily reflect Garner’s personal economic ownership or an individual buy/sell sentiment.