BULL · Webull Corp · Insider Trading

The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 26, 2026.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.2550 to $7.4850, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

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.

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.

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.

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.

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.

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.

The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 26, 2026.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.2200 to $8.6350, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.8700 to $9.0950, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 26, 2026.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.4550 to $9.7650, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 26, 2026.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.4200 to $9.0050, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.0000 to $9.0250, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Each restricted share unit ("RSU") represents a contingent right to receive one Class A Ordinary Share, subject to the Reporting Person's continued service through the vesting date.

100% of these RSUs were granted on June 9, 2026 and are scheduled to vest on June 8, 2027. The Reporting Person has elected to defer the settlement of these RSUs to the 30th day following the Reporting Person's separation from service from the Issuer.

Each restricted share unit ("RSU") represents a contingent right to receive one Class A Ordinary Share, subject to the Reporting Person's continued service through the vesting date.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.2050 to $6.2500, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

100% of these restricted share units ("RSUs") were granted on April 13, 2026 and are scheduled to vest on April 10, 2027. Each RSU represents a contingent right to receive one Class A Ordinary Share, subject to the Reporting Person's continued service through the vesting date. The Reporting Person has elected to defer the settlement of these RSUs to the earlier of (i) the fifth anniversary of the grant date and (ii) the 30th day following the Reporting Person's separation from service from the Issuer.

Each restricted share unit represents a contingent right to receive one Class A Ordinary Share.

The reported securities were received by the Reporting Person in connection with a grant of restricted share units that vested immediately upon grant on April 10, 2026.