Bending Spoons Director Joshua Motta Exercises Warrants (17,745 shares)

What Happened

• Joshua James Motta, a director of Bending Spoons S.p.A., exercised in‑the‑money warrants on 2026-09-08 to acquire 17,745 shares at a reported price of $1.24 per share, for a total of $21,997. The same filing also shows a disposition of 3,549 shares at $0.00 (reported as a derivative disposition).
• The exercise is a purchase-type transaction (acquisition of shares). The additional zero-dollar disposition likely represents a non‑cash settlement action reported as a derivative disposition; the Form 4 does not spell out the purpose.

Key Details

• Transaction date: 2026-09-08; Form 4 filed: 2026-09-25 (appears late vs. the typical 2-business‑day Form 4 deadline).
• Primary line: acquired 17,745 shares at $1.24 per share — total reported value $21,997 (price converted from euros using 1.1607 USD = 1.00 EUR; exercise price denominated in euros — F1).
• Secondary line: disposed 3,549 shares at $0.00 (reported as derivative disposal). Form does not state the reason for this disposition (e.g., withholding or net settlement) — F2 notes the warrants were fully vested and exercisable.
• Shares owned after transaction: not disclosed on the Form 4.

Context

• This filing documents an exercise of vested warrants (a derivative exercise). Exercising warrants converts derivative rights into common shares; sometimes a portion of shares are surrendered or withheld to cover taxes or exercise costs, which can appear as zero‑dollar disposals or net settlements.
• The acquisition value is modest (~$22k). While purchases can be viewed as a positive signal, filings alone do not explain the insider’s motives.