CEO Converts 25M Class B Shares to Class A
BULL sits 64% above its 52-week low of $4.5.
Summary
Webull's CEO converted 25 million Class B shares to Class A, boosting the Class A share count without any cash changing hands.
Key Events · Ownership and Investor Activity · BULL
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Class B to Class A Conversion
On September 30, 2026, CEO Wang Anquan converted 25,000,000 Class B Ordinary Shares into 25,000,000 Class A Ordinary Shares on a one-for-one basis for no consideration.
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Post-Transaction Holdings
After the conversion, Wang Anquan's indirect holdings total 75,158,736 shares, including 5,433,243 restricted Class B share units and 10,866,488 performance restricted Class B share units.
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No Cash Consideration
The conversion was executed for no consideration, meaning no cash changed hands and no new capital was raised.
Analysis · BULL · Crypto Assets
The conversion of 25 million Class B ordinary shares into Class A ordinary shares by CEO Wang Anquan was executed on a one-for-one basis with no consideration. This move increases the number of Class A shares outstanding and could alter the distribution of voting power, though it does not constitute a purchase or sale of shares. Rather than a market transaction, it represents a structural change in share class.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.5% of the 1629 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.59%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BULL was trading at $7.36 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $4.50 to $15.04. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.