A Form 4 filed on September 10, 2026 discloses that Karen Jo Simon, a director of Bullish (NASDAQ:BLSH), was granted 5,877 restricted share units on September 3, 2026 under the company's 2025 Omnibus Incentive Plan.

Key Highlights

  • Reporting person: Karen Jo Simon, listed as a Director of Bullish.
  • Transaction: Acquisition of 5,877 restricted share units (RSUs) on September 3, 2026 at a price of $0.
  • Vesting schedule: The RSUs vest in full on September 1, 2027, according to the filing.
  • Underlying security: Each RSU represents the right to receive one ordinary share of Bullish upon vesting.
  • Post-transaction ownership: Simon beneficially owns 36,494 ordinary shares directly following the reported transaction.
  • Exemption noted: The filing states the 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).

RSU Grant Details and Ownership Position for Bullish Director Simon

According to the Form 4 filed with the SEC on September 10, 2026, Karen Jo Simon received a grant of 5,877 RSUs on September 3, 2026 under the Bullish 2025 Omnibus Incentive Plan. The filing records the transaction code as "A" (acquired) and states the price as $0, consistent with a grant rather than an open-market purchase. The RSUs are classified as non-derivative securities in Table I of the form.

The filing explains that the RSUs "vest in full on September 1, 2027," and that "each RSU represents a right to receive one ordinary share of Bullish upon vesting." Following this grant, Simon's direct beneficial ownership stands at 36,494 ordinary shares, as reported in the filing. No derivative securities transactions were reported in Table II.

The filing also notes that, because Bullish holds foreign private issuer status pursuant to Rule 3a12-3(b) under the Securities Exchange Act of 1934, Simon's transactions in the issuer's equity securities are exempt from Sections 16(b) and 16(c) of that Act. The form was signed by Karen J. Simon and dated September 10, 2026.

What Was Disclosed

Bullish director Karen Jo Simon reported the acquisition of 5,877 RSUs granted at $0 on September 3, 2026, under the company's 2025 Omnibus Incentive Plan, with full vesting set for September 1, 2027, bringing her direct beneficial ownership to 36,494 ordinary shares.