A Form 4 filed with the SEC on September 10, 2026 discloses that Andrew Bliss, a director of Bullish (NASDAQ:BLSH), acquired 5,877 restricted share units on September 3, 2026 at no cost under the company's 2025 Omnibus Incentive Plan.

Key Highlights

  • RSU grant: Andrew Bliss received 5,877 restricted share units on 09/03/2026 at a price of $0.
  • Vesting date: The RSUs vest in full on September 1, 2027, with each unit representing the right to receive one ordinary share upon vesting.
  • Direct holdings after transaction: Bliss directly holds 10,016 ordinary shares following the reported transaction.
  • Indirect holdings: Bliss indirectly holds 5,040,002 ordinary shares through Bliss Capital Limited, an entity he controls.
  • Plan source: The RSUs were granted under the Bullish 2025 Omnibus Incentive Plan.
  • Foreign private issuer exemption: The filing notes that transactions are exempt from Sections 16(b) and 16(c) of the Securities Exchange Act of 1934 due to Bullish's status as a foreign private issuer under Rule 3a12-3(b).

Bullish Director's RSU Award and Beneficial Ownership Details

According to the Form 4 filed on September 10, 2026, Andrew Bliss, identified as a director of Bullish, was granted 5,877 restricted share units on September 3, 2026. The filing indicates that the transaction code is "A" (acquired), and the price is reported as $0. The RSUs were issued pursuant to the Bullish 2025 Omnibus Incentive Plan and will vest in full on September 1, 2027. Each RSU, the filing states, "represents a right to receive one ordinary share of Bullish upon vesting."

Following the reported transaction, Bliss directly holds 10,016 ordinary shares. In addition, the filing discloses that Bliss indirectly beneficially owns 5,040,002 ordinary shares held through Bliss Capital Limited. The filing states that Bliss Capital Limited is "an entity controlled by the Reporting Person" and that "the Reporting Person is deemed to beneficially own the shares held by Bliss Capital Limited." No derivative securities transactions were reported in Table II.

The filing also notes that because Bullish qualifies as a foreign private issuer under Rule 3a12-3(b) of the Securities Exchange Act of 1934, the reporting person's transactions in the issuer's equity securities are exempt from Sections 16(b) and 16(c) of the Act. The Form 4 was filed individually by Bliss as a single reporting person and signed on September 10, 2026.

What Was Disclosed

The filing discloses a grant of 5,877 RSUs to Bullish director Andrew Bliss at no cost on September 3, 2026, vesting September 1, 2027, with resulting direct ownership of 10,016 shares and indirect ownership of 5,040,002 shares through Bliss Capital Limited.