Amer Sports CSO Chen Wen-Chang Exercises Options, Sells Shares

What Happened

• Chen Wen-Chang, Chief Strategy Officer of Amer Sports, exercised 402,495 stock options on 2026-09-15 at a strike price of $7.68 per share for a cash outlay of about $3,091,162. The filing also shows a derivative conversion of 402,495 options to ordinary shares (reported at $0, reflecting the option-to-share conversion).
• On the same day he sold 117,461 of those shares in the open market at a weighted-average price of $26.60, generating roughly $3,124,040. Footnote indicates the sale was a "sell-to-cover" to cover the exercise price, taxes and fees.

Key Details

• Transaction date: 2026-09-15; Filing date: 2026-09-17.
• Exercise (code M): 402,495 shares @ $7.68 (acquired) ≈ $3,091,162.
• Sale (code S): 117,461 shares @ weighted avg $26.60 (disposed) ≈ $3,124,040; price range reported $26.54–$26.663 (footnote F2).
• Derivative disposition (code M): 402,495 shares @ $0.00 reflects conversion of options to shares (no cash proceeds reported).
• Shares owned after the transactions: not specified in the filing.
• Footnotes: F1 = sale was a sell-to-cover for exercise price/taxes/fees; F2 = weighted-average sale price and price-range disclosure; F3 = options were granted Sept 1, 2020 under the 2019 ESOP and vested in multiple tranches through Feb 27, 2026 (see filing for tranche details).

Context

• This is a typical cashless-style exercise: the insider exercised vested options and sold a portion of the resulting shares to cover the exercise cost and associated taxes/fees. Such sell-to-cover transactions are routine and are primarily administrative rather than a clear signal of sentiment.
• The separate $0.00 derivative line simply reports conversion of the options into ordinary shares (not a separate cash sale).