Changes in Beneficial Ownership · 4
Bullish
BLSHNYSEEQUITYCurrent
Changes in Beneficial Ownership
Structured filing — 4
form4.xml
Filing details
- Report period
- 2026-10-20
- Issuer
- Bullish
- Issuer CIK
- 0001872195
- Trading symbol
- BLSH
Reporting owner 1
- Name
- Farley Thomas W
- Reporting owner CIK
- 0001390563
- Relationship
- Director · Officer
- Officer title
- Chief Executive Officer
- Address
- BULLISH, UNIT B1, THE GROVE TOO, ESTERLEY TIBBETTS HIGHWAY, GRAND CAYMAN, CAYMAN ISLANDS, E9, KY1-9006
Non-derivative transactions
| Security | Transaction date | Code | Amount | A / D | Price (USD) | Owned after | Ownership |
|---|---|---|---|---|---|---|---|
| Ordinary Shares | 2026-10-20 | J · Form 4 | 4,893,528[F1][F2] | A | 0[F1] | 4,893,528 | D |
Table key
- J · Form 4
- Other acquisition or disposition; see explanation
- A
- Acquired
- D
- Direct
Derivative transactions
| Security | Conversion / exercise price (USD) | Transaction date | Code | Amount | A / D | Price (USD) | Exercisable | Expires | Underlying security | Underlying shares | Owned after | Ownership |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Units | 0 | 2026-10-20 | J · Form 4 | 4,893,528 | D | 0 | [F1] | [F1] | Ordinary Shares | 4,893,528 | 0 | D |
Table key
- J · Form 4
- Other acquisition or disposition; see explanation
- D
- Direct
Footnotes
- F1
- On October 20, 2026, BMC1, a subsidiary of Bullish, merged with and into BMC3 LLC, a subsidiary of Bullish, as part of an internal reorganization. As consideration in the merger, incentive units of BMC1 held by the Reporting Person were cancelled and converted into 4,893,528 ordinary shares of the Issuer. No cash or other consideration was paid or received.↩ 1↩ 2↩ 3↩ 4
- F2
- The ordinary shares received by the Reporting Person are subject to time-based vesting and performance conditions. As of the date of this filing, 3,210,308 of the ordinary shares are vested, and the remaining shares remain subject to vesting.↩ 1
Remarks
Due to the issuer's status as a foreign private issuer pursuant to Rule 3a12-3(b) under the Securities Exchange Act of 1934 (the "Act"), the reporting person's transactions in the issuer's equity securities are exempt from Sections 16(b) and 16(c) of the Act.
Signature 1
- Signed
- /s/ Thomas W. Farley
- Date
- 2026-10-22
Company context
Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. Our objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual customers, and drive the adoption of stablecoins, digital assets, and blockchain technology. Bullish was founded in 2020 with the vision to build an institutional-grade global exchange enabling optimized execution powered by a customizable, compliance-first infrastructure.