Kagechika Wataru 4

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.