Bishop Walter A. 4

What Happened

• Walter A. Bishop, a director of Webull Corp (BULL), received an award of 29,584 restricted share units (RSUs) on June 9, 2026 (reported as an A — grant/award). The filing also reports derivative activity (code M) on the same date showing 12,500 shares acquired by exercise/conversion and 12,500 shares disposed; all transactions are reported at $0.00 per share. The RSU grant has no immediate cash cost to the insider and the converted/disposed derivative items were reported without cash proceeds in the filing.

Key Details

• Transaction date: 2026-06-09; Filing date: 2026-06-09 (filed same day — timely).
• Grant: 29,584 RSUs (code A) at $0.00. RSUs are derivative securities (contingent rights to Class A ordinary shares).
• Derivative conversions/exercises: 12,500 shares acquired (M) and 12,500 shares disposed (M), both at $0.00 as reported.
• Shares owned after transaction: not specified in the Form 4.
• Footnotes: F1 — each RSU converts to one Class A Ordinary Share subject to continued service. F2 — 100% of these RSUs were granted 6/9/2026 and are scheduled to vest on 6/8/2027; the reporting person elected to defer settlement until the 30th day after separation from service.
• Transaction codes: A = award/grant; M = exercise or conversion of derivative.

Context

• The 29,584 RSUs are a time‑based award that vests on 6/8/2027 and the reporter has elected deferred settlement — this is a long‑term compensation award, not an open‑market purchase. The derivative conversions reported at $0 do not, by themselves, indicate cash proceeds or a typical open‑market sale; the filing provides no further detail on proceeds or counterparties. This Form 4 does not indicate any insider selling for liquidity reasons beyond the reported derivative disposition.