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BLSHBullish · Insider ownership research

Bullish insiders sold $16.4M since March 18, 2026. How much of their stake is that?

100% was sold under disclosed trading plans. The largest seller, Andrew Bliss (Director), sold $9.9M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Mar 18, 2026 to Oct 16, 2026

Officers and directors of non-US companies only began filing Forms 3 and 4 on March 18, 2026 (a new SEC rule), so this page covers the period since then. Their 10% holders still do not file. The SEC rule

$9.9M
largest seller, Andrew Bliss, since March 18, 2026
100%
of sales were under disclosed trading plans, since March 18, 2026
2 of 7
officers and directors sold shares, since March 18, 2026
Latest filing: Filed Sep 28 for a sale on Sep 24. Andrew Bliss sold 100 shares ($4K) under a disclosed plan. Filing
SEC ownership filings: 19 filed from Mar 18, 2026 to Oct 16, 2026; 19 on record since Mar 18, 2026 · See the evidence

What stands out

Selling picked up in the last 90 days: officers and directors sold 245K shares, against an average of 117K per 90 days earlier in the period. Most of it was Andrew Bliss (245K shares in the last 90 days); 100% of these sales were under disclosed plans.Andrew Bliss: largest recent sale, Sep 22, 2026

A share of stake is shown for 0 of the 2 officers and directors who sold. 7 are left out

i
Left out: Brendan Blumer, Kokuei Yuan, Thomas Farley, David Bonanno, Karen Simon, Andrew Wynn and Andrew Bliss (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, since March 18, 2026. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Andrew Bliss
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$9.9MDisclosed plan
Thomas Farley
Chief Executive Officer, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$6.4MDisclosed plan
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Mar 2026 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planOne dollar scale for every month; the tallest bar is labeled
MarApr 2026: $2.9M under a disclosed planAprMay 2026: $3.5M under a disclosed planMayJunJulAugSep 2026: $9.9M under a disclosed plan$9.9MSepOct

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026
Sep 24, 2026Andrew Bliss sold 100 shares ($4K) under a disclosed trading plan.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Andrew Bliss
Director
100$40.10n/an/aSep 24, 2026Sep 28, 2026
Sep 23, 2026Andrew Bliss sold 60K shares ($2.4M) under a disclosed trading plan.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Andrew Bliss
Director
59,976$40.22n/an/aSep 23, 2026Sep 23, 2026
Sep 22, 2026Andrew Bliss sold 108K shares ($4.4M) under a disclosed trading plan.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Andrew Bliss
Director
108,200$40.79n/an/aSep 22, 2026Sep 23, 2026
Sep 21, 2026Andrew Bliss sold 77K shares ($3.1M) under a disclosed trading plan.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Andrew Bliss
Director
76,953$40.20n/an/aSep 21, 2026Sep 23, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Common questions

Is the Bullish CEO selling stock?

Yes. Thomas Farley sold 160K shares ($6.4M) since March 18, 2026, all of it under a trading plan disclosed in the filings.

Why are Bullish insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 100% of sales by value ran under 10b5-1 trading plans disclosed in the filings. A trading plan schedules sales in advance.

Are any Bullish insiders buying?

No. Officers and directors reported no purchases since March 18, 2026.

The evidence

Who sold2 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Andrew Bliss
Director
$9.9M
245K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Thomas Farley
Chief Executive Officer, Director
$6.4M
160K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
The full ownership picture0 of 7 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Mar 17, 2026SoldHeld Oct 16, 2026Still held
Brendan Blumer
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Brendan Blumer are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Brendan Blumer

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Brendan Blumer are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Kokuei Yuan
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Kokuei Yuan are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Kokuei Yuan

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kokuei Yuan are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Thomas Farley
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Thomas Farley are complete.
Chief Executive Officer, Director
n/a−160Kn/an/a
Vesting, gifts, unvested awards and holding lines for Thomas Farley

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Thomas Farley are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
David Bonanno
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for David Bonanno are complete.
Chief Financial Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for David Bonanno

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Bonanno are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Karen Simon
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Karen Simon are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Karen Simon

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Karen Simon are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Andrew Wynn
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Andrew Wynn are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Andrew Wynn

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Andrew Wynn are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Andrew Bliss
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Andrew Bliss are complete.
Director
n/a−245Kn/an/a
Vesting, gifts, unvested awards and holding lines for Andrew Bliss

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Andrew Bliss are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Bullish are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$16.4M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $16.4M across 405,476 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status
SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Andrew Bliss
Director
245K$9.9M100%61%Sep 21, 2026 to Sep 24, 2026
Thomas Farley
Chief Executive Officer, Director
160K$6.4M100%39%Apr 10, 2026 to May 11, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Mar 2026$0$0$0$0
Apr 2026$2.9M$2.9M$0$0
May 2026$3.5M$3.5M$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$9.9M$9.9M$0$0
Oct 2026$0$0$0$0
Known gaps and uncertainty7 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Bullish are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology19 filings on record, 19 filed since March 18, 2026, and how we read them

All 19 Forms 3, 4 and 5 on record for Bullish (SEC CIK 1872195), filed from Mar 18, 2026 to Sep 28, 2026; 19 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.