Zheng Jie (James) 4

What Happened

• Zheng Jie (James), CEO of Amer Sports, converted/exercised 18,734 derivative units on April 1, 2026 (reported as code M) and simultaneously disposed of 18,734 shares at $0 (derivative). The filing also shows a grant (code A) of 94,064 restricted stock units (RSUs) on April 1, 2026, recorded at $0.
• Reported dollar values are $0 for the disposed shares; the conversion entry shows price N/A and no cash proceeds reported. The 94,064 RSUs are a compensation award, not an open-market purchase.

Key Details

• Transaction date: 2026-04-01; filing date: 2026-04-02 (timely filing).
• Entries: M (exercise/conversion) — 18,734 shares acquired (price N/A) and 18,734 shares disposed at $0; A (award) — 94,064 RSUs granted at $0.
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes:
  • F1: Each RSU represents a contingent right to receive one ordinary share.
  • F2: References RSUs granted 4/1/2025 that vest in generally equal installments over the first three anniversaries of the grant.
  • F3: The 4/1/2026 RSU grant (94,064) vests in generally equal installments on the first three anniversaries of the grant.
• No indication this was a cash open‑market sale or purchase; the $0 disposition commonly reflects withholding/surrender of shares in connection with conversion or tax withholding (filing labels this as a derivative disposition).

Context

• RSU grants are compensation and vest over time; they are not the same as an open-market purchase (which is usually a stronger bullish signal).
• The M-code conversion indicates conversion/exercise of derivative awards (here, RSUs converting to ordinary shares) rather than exercising stock options for cash proceeds. The simultaneous $0 disposition typically reflects shares withheld or surrendered as part of settlement/tax withholding.