Chen Wen-Chang (Victor) 4

What Happened

• Victor (Wen-Chang) Chen, Chief Strategy Officer of Amer Sports, reported three transactions dated April 1, 2026: the exercise/conversion of 3,421 derivative units (transaction code M), a contemporaneous disposition of 3,421 derivative shares reported at $0.00, and a grant of 8,613 restricted stock units (RSUs) (transaction code A). The reported prices/value for the disposition and the RSU grant are $0.00 (no cash proceeds reported).

Key Details

• Transaction date(s): April 1, 2026; Form 4 filed April 2, 2026 (timely).
• Reported trades:
  • M: 3,421 exercised/converted (acquired) — price N/A in acquisition line.
  • M: 3,421 disposed — reported price $0.00 (derivative).
  • A: 8,613 RSUs granted — reported price $0.00.
• Shares owned after the transaction: not specified in the excerpt of the filing provided here (see full Form 4 for post-transaction holdings).
• Footnotes:
  • F1: Each RSU = contingent right to one ordinary share.
  • F2: Notes RSUs from 4/1/2025 grant vest in generally equal installments over the next three anniversaries.
  • F3: Notes RSUs from 4/1/2026 grant vest in equal installments over the next three anniversaries.
• Common interpretation: a $0.00 disposition in conjunction with a conversion/settlement is commonly used to reflect withholding of shares to satisfy taxes or fees; the filing itself reports the mechanics, not motivation.

Context

• These entries reflect compensation-related activity (RSU grant and settlement/conversion of derivative awards), not an open-market buy or sell for cash. RSU grants vest over time and represent future potential shares rather than immediate cash purchases. For investors tracking insider sentiment, purchase of stock is generally more indicative of bullishness; compensation-related grants and tax-withholdings are routine executive compensation events. Check subsequent Form 4s for any open-market sales or additional changes in ownership.