Kagechika Wataru 4

4 · PayPay Corp · Filed Jun 12, 2026

AI-generated summary of this filing

Updated Jun 12, 2026

PayPay (PAYP) CFO Wataru Exercises Options for 3,400 Shares

What Happened

Kagechika Wataru, Managing Corporate Officer and CFO of PayPay Corp (PAYP), exercised stock options on June 10, 2026 (transaction code M) to acquire 3,400 common shares (represented by ADSs) at an effective U.S. dollar exercise price of $8.11 per share, for a total cash cost of $27,574. The filing also reports a related derivative disposition of 17 units at $0 (reported separately).

Key Details

Transaction date: June 10, 2026.
Primary transaction: Exercise of options for 3,400 shares at $8.11/share (total $27,574).
Additional entry: 17 derivative units disposed at $0 (reported as a derivative transaction).
ADS conversion: Common shares are represented by American Depositary Shares (ADS) and will convert one-for-one on exercise (F1).
Exercise price: Denominated in JPY (JPY 1,300/share); converted to USD at JPY 160.2600 = $1.00 for reporting (F2). The actual exercise price remains the JPY amount.
Option structure: Awards are stock options with each option exercisable for 200 common shares (F4); note the filing remarks that 32 options were forfeited for no value on June 11, 2026 (F3).
Shares owned after the transaction: Not specified in the provided data.
Filing timeliness: No late-filing flag noted in the provided information.

Context

This was an exercise of stock options (not an immediate sale). The insider paid cash (or otherwise satisfied the exercise price) to acquire shares rather than executing a simultaneous cashless sale. Exercising options is a form of acquisition and is generally more informative to investors than routine sales, but it does not by itself indicate the insider’s view of near-term share price movements.

Form 4

Period: 2026-06-10

See Remarks

Transactions

Exercise/Conversion
Common Shares
[F1][F2]
2026-06-10$8.11/sh+3,400$27,574→ 10,278 total
Exercise/Conversion
Stock Options (Right to Buy)
[F2][F3][F1][F4]
2026-06-10−17→ 32 total
Exercise: $8.11Exp: 2033-03-31→ Common Shares (3,400 underlying)

Footnotes (4)

[F1]The Common Shares are represented by American Depositary Shares (ADS). The Common Shares received upon exercise of any Stock Options will be converted into ADSs on a one-for-one basis.
[F2]The exercise price is denominated in Japanese Yen. For purposes of calculating the dollar denominated exercise price per Common Share, the exercise price of JPY 1,300 per Common Share has been converted to U.S. Dollars at the exchange rate of JPY 160.2600 = US$1.00, which was the foreign exchange rate on June 5, 2026, as reported by the U.S. Federal Reserve in its weekly release on June 8, 2026. The exercise price is the actual Japanese Yen amount regardless of the exchange rate on the date of exercise.
[F3]32 options were to vest in two equal annual installments on April 1, 2027, and April 1, 2028. The Form 3 filed on March 18, 2026, reflected the vesting terms relating to the number of shares underlying such options, with each option exercisable for 200 Common Shares. On June 11, 2026, the 32 stock options indicated above were forfeited for no value pursuant to the terms of the applicable award agreements.
[F4]Reflects awards of stock options, with each option exercisable for 200 Common Shares.

Signature

/s/ Kaori Sugiyama, as Attorney-in-Fact|2026-06-12

1 file