{"transactions":[{"id":4628700,"issuer":{"id":3935,"kind":"organization","name":"Webull Corp","symbol":"BULL"},"owners":[{"id":60038,"kind":"person","name":"Wang Anquan","position":1,"cik":"0002061858","reported_name":"Wang Anquan","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chief Executive Officer"}}],"security":"Class B Ordinary Shares","published_at":"2026-10-02T23:07:19.000Z","date":"2026-09-30","kind":"exercise","planned":false,"acquired":false,"shares":25000000,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"By Water Castle Az Inc."},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"On September 30, 2026, Water Castle Az Inc. 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."},{"field":"shares","element":"transactionShares","label":"F1","text":"On September 30, 2026, Water Castle Az Inc. 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."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F3","text":"Each Class B Ordinary Share is convertible into one Class A Ordinary Share at the option of the Reporting Person and has no expiration date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F3","text":"Each Class B Ordinary Share is convertible into one Class A Ordinary Share at the option of the Reporting Person and has no expiration date."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"The reported securities include (a) 5,433,243 restricted Class B share units granted to the Reporting Person that vest over 36 equal monthly installments ending on December 31, 2028, subject to the Reporting Person's continued service through the applicable vesting date, of which 1,660,156 have already vested or are scheduled to vest within 60 days of September 30, 2026, and (b) 10,866,488 performance restricted Class B share units (\"Performance RSUs\") granted to the Reporting Person that vest in 25% increments as and when the 60-day volume-weighted average trading price of the Issuer's Class A Ordinary Shares reaches each of $15, $20, $25, and $30, respectively, with any unvested Performance RSUs expiring on February 24, 2031."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"The securities reported herein are held of record by Water Castle Az Inc., whose voting power is fully retained by Pozijie Inc., which is wholly owned by the Reporting Person."}],"balance_after":75158736,"derivative":{"underlying":"Class A Ordinary Shares","underlying_shares":25000000},"source":{"system":"sec-edgar","filing":"0002061858-26-000007","document":"primary_doc.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/2061858/000206185826000007/primary_doc.xml","form_type":"4"}},{"id":4628699,"issuer":{"id":3935,"kind":"organization","name":"Webull Corp","symbol":"BULL"},"owners":[{"id":60038,"kind":"person","name":"Wang Anquan","position":1,"cik":"0002061858","reported_name":"Wang Anquan","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chief Executive Officer"}}],"security":"Class A Ordinary Shares","published_at":"2026-10-02T23:07:19.000Z","date":"2026-09-30","kind":"exercise","planned":false,"acquired":true,"shares":25000000,"ownership":{"direct":false,"nature":"By Water Castle Az Inc."},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"On September 30, 2026, Water Castle Az Inc. 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."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"On September 30, 2026, Water Castle Az Inc. 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."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"The securities reported herein are held of record by Water Castle Az Inc., whose voting power is fully retained by Pozijie Inc., which is wholly owned by the Reporting Person."}],"balance_after":25200000,"source":{"system":"sec-edgar","filing":"0002061858-26-000007","document":"primary_doc.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/2061858/000206185826000007/primary_doc.xml","form_type":"4"}}]}