Wise Group (WSE) CPO Peiris Nilan Sells 58,262 Shares

What Happened

• Peiris Nilan, Chief Product Officer of Wise Group plc (WSE), had restricted stock units (RSUs) convert into 105,240 underlying shares on July 15, 2026, and sold 58,262 of those shares in an open-market transaction on July 16, 2026 for $12.86 each, netting $749,249. The filing also records four related derivative-conversion line items of 26,310 shares each (totaling 105,240) at $0.00, reflecting the RSU-to-share conversion/cancellation mechanics noted in the footnotes.

Key Details

• Transaction dates and prices:
  • 2026-07-15: Exercise/conversion of derivatives (RSUs) resulting in 105,240 underlying shares (reported as acquired).
  • 2026-07-16: Open-market sale of 58,262 shares at $12.86 each for total proceeds of $749,249.
  • 2026-07-15: Four derivative entries of 26,310 shares each reported as disposed at $0.00 (these reflect conversion/cancellation mechanics).
• Shares owned after the transaction: not specified in the Form 4 filing.
• Relevant footnotes:
  • F1: Each RSU represents a contingent right to one Class A ordinary share or cash.
  • F3–F6: The reporting person received multiple RSU grants that begin vesting on July 15, 2026 (various schedules and tranche sizes).
  • F2: Notes on Class B-to-A share correspondence and automatic cancellation on sale/transfer.
• Filing timeliness: Form filed July 17, 2026 (covering July 15–16 transactions); the filing does not indicate a late report.

Context

• These entries reflect RSU vesting/conversion into ordinary shares (derivative exercise) followed by an immediate partial sale in the open market. That pattern is common when vested awards are converted and some or all of the resulting shares are sold; the Form 4 records both the conversion events and the subsequent sale. No additional details about tax withholding or 10b5-1 plans are provided in the filing.