{"url_path":"/sec/wse/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 Major Shareholders and Related Party Transactions","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-06-25","source_url":"https://www.sec.gov/Archives/edgar/data/2099039/0001193125-26-282911-index.html","accession_number":"0001193125-26-282911","cik":"0002099039","ticker":"WSE","issuer_name":"Wise Group plc","edgar_url":"https://www.sec.gov/Archives/edgar/data/2099039/0001193125-26-282911-index.html","primary_entity_key":"0002099039","primary_entity_name":"Wise Group plc"},"word_count":1553,"has_tables":true,"body_markdown":"Item 7. Major Shareholders and Related Party Transactions\n\nA. Major Shareholders\n\nThe following table sets forth the beneficial ownership of our shares as of May 31, 2026:\n\n \n\n \n•\n \n\neach person, or group of affiliated persons, who is known by us to beneficially own 5% or more of our Class A ordinary shares;\n\n \n\n \n•\n \n\neach person, or group of affiliated persons, who is known by us to beneficially own 5% or more of our Class B ordinary shares;\n\n \n\n \n•\n \n\neach person, or group of affiliated persons, who is known by us to beneficially own 5% or more of our Class A ordinary shares and Class B ordinary shares in the aggregate;\n\n \n\n \n•\n \n\neach of our directors;\n\n \n\n \n•\n \n\neach of our executive officers; and\n\n \n\n \n•\n \n\nall of our directors and executive officers as a group.\n\n \n\n92\n\n##### Table of Contents\n\nThe percentage ownership and voting power information shown in the table is based upon 1,025,164,562 Class A ordinary shares and 204,338,749 Class B ordinary shares outstanding as of May 31, 2026, in each case of Wise Group plc. See “Item 4.C. Information on the Company—Organizational Structure” for more information.\n\nWe have determined beneficial ownership in accordance with the rules of the SEC. These rules generally attribute beneficial ownership of securities to persons who possess sole or shared voting power or investment power with respect to those securities. In addition, the rules include ordinary shares issuable pursuant to the vesting of restricted stock units and the exercise of share options that are either immediately exercisable or will become exercisable on or before July 30, 2026, which is 60 days after May 31, 2026. These shares are deemed to be outstanding and beneficially owned by the person holding those options for the purpose of computing the percentage ownership of that person, but they are not treated as outstanding for the purpose of computing the percentage ownership of any other person.\n\nThe information contained in the following table is not necessarily indicative of beneficial ownership for any other purpose, and the inclusion of any shares in the table does not constitute a representation of beneficial ownership of those shares. Unless otherwise indicated, the persons or entities identified in this table have sole voting and investment power with respect to all shares shown as beneficially owned by them, subject to applicable community property laws.\n\nExcept as otherwise noted below, the address for persons listed in the table is c/o Wise Group plc, 1st Floor Worship Square, 65 Clifton Street, London EC2A 4JE, United Kingdom.\n\n \n\n \n  \nClass A Ordinary\nShares Beneficially\nOwned\n \n \nClass B Ordinary\nShares Beneficially\nOwned\n \n \nTotal\nVoting\nPower†\n \n\n \n  \nShares\n \n  \n%\n \n \nShares\n \n  \n%\n \n \n%\n \n\nName of Beneficial Owner\n\n  \n\n  \n\n \n\n  \n\n \n\n5% or Greater Shareholders\n\n  \n\n  \n\n \n\n  \n\n \n\nKristo Käärmann(1)\n\n  \n \n186,858,255\n \n  \n \n18.2\n% \n \n \n161,802,356\n \n  \n \n79.2\n% \n \n \n49.99\n% \n\nBaillie Gifford & Co\n\n  \n \n98,802,398\n \n  \n \n9.63\n% \n \n \n20,803,289\n \n  \n \n10.2\n% \n \n \n9.73\n% \n\nOrbis Investment Mgt. (Hamilton)\n\n  \n \n53,442,462\n \n  \n \n5.2\n% \n \n \n— \n \n  \n \n— \n \n \n \n1.87\n% \n\nSkaala Investments OÜ(2)\n\n  \n \n28,182,117\n \n  \n \n2.8\n% \n \n \n19,466,926\n \n  \n \n9.5\n% \n \n \n7.1\n% \n\nExecutive Officers and Directors:\n\n  \n\n  \n\n \n\n  \n\n \n\nKristo Käärmann(1)\n\n  \n \n186,858,255\n \n  \n \n18.2\n% \n \n \n161,802,356\n \n  \n \n79.2\n% \n \n \n49.99\n% \n\nEmmanuel Thomassin(3)\n\n  \n \n144,619\n \n  \n \n\n* \n \n \n— \n \n  \n \n— \n \n \n \n\n* \n\nNilan Peiris(4)\n\n  \n \n3,284,746\n \n  \n \n\n* \n \n \n1,125,790\n \n  \n \n\n* \n \n \n\n* \n\nHarsh Sinha(5)\n\n  \n \n1,728,615\n \n  \n \n\n* \n \n \n— \n \n  \n \n— \n \n \n \n\n* \n\nDavid Wells(6)\n\n  \n \n500,000\n \n  \n \n\n* \n \n \n— \n \n  \n \n— \n \n \n \n\n* \n\nClare Gilmartin\n\n  \n \n48,360\n \n  \n \n\n* \n \n \n— \n \n  \n \n— \n \n \n \n\n* \n\nElizabeth Chambers\n\n  \n \n— \n \n  \n \n— \n \n \n \n— \n \n  \n \n— \n \n \n \n— \n \n\nTerri Duhon(7)\n\n  \n \n9,213\n \n  \n \n\n* \n \n \n— \n \n  \n \n— \n \n \n \n\n* \n\nScott Hill\n\n  \n \n— \n \n  \n \n— \n \n \n \n— \n \n  \n \n— \n \n \n \n— \n \n\nAlastair Rampell(8)\n\n  \n \n1,075,532\n \n  \n \n\n* \n \n \n— \n \n  \n \n— \n \n \n \n\n* \n\nHooi Ling Tan\n\n  \n \n96,720\n \n  \n \n\n* \n \n \n— \n \n  \n \n— \n \n \n \n\n* \n\nAll current executive officers and directors as a group (11 persons)\n\n  \n \n193,746,060\n \n  \n \n19.0\n% \n \n \n162,928,146\n \n  \n \n79.7\n% \n \n \n50.58\n%(9) \n\n \n\n*\n\nRepresents beneficial ownership of less than 1%.\n\n†\n\nRepresents the voting power with respect to all of our Class A ordinary shares and Class B ordinary shares, voting together as a single class. Each Class A ordinary share is entitled to one vote per share and each Class B ordinary share is entitled to nine votes per share. The Class A ordinary shares and Class B ordinary shares will generally vote together on main matters (including the election of directors) submitted to a vote of shareholders.\n\n \n\n93\n\n##### Table of Contents\n\n+\n\nClass B ordinary shares are subject to certain voting right caps: (i) for most Class B shareholder groups, the aggregate votes cannot exceed one vote less than 35% of the total eligible votes on any resolution; (ii) for Kristo Käärmann’s Class B shareholder group, while he serves as Chief Executive Officer, the cap is one vote less than 50% of the total eligible votes on any resolution; if he ceases to be Chief Executive Officer, the 35% cap applies; (iii) any votes in excess of these caps are treated as Affected Votes (as defined in the Articles) and are disregarded for voting purposes. See “Item 10.B. Additional Information—Memorandum and Articles of Association—Voting, Shareholder Meetings and Resolutions” for more information.\n\n(1)\n\nIncludes 779,766 Class A ordinary shares and 779,766 Class B ordinary shares held by Kotilda OÜ, over which Mr. Käärmann exercises voting and investment power. The percentage included under the column titled “Total Voting Power” reflects the application of the voting right cap with respect to Class B ordinary shares held by Mr. Käärmann’s Class B shareholder group, as described under “Item 10.B. Additional Information—Memorandum and Articles of Association—Voting, Shareholder Meetings and Resolutions.”\n\n(2)\n\nTaavet Hinrikus is the majority owner of Skaala Investments OÜ and may be deemed to exercise voting and investment power over the shares held thereby.\n\n(3)\n\nIncludes 144,619 Class A ordinary shares issuable upon the exercise of options granted to Mr. Thomassin that are exercisable within 60 days of May 31, 2026.\n\n(4)\n\nIncludes 815,285 Class A ordinary shares issuable upon the exercise of options granted to Mr. Peiris that are currently exercisable, and 105,240 restricted share units granted to Mr. Peiris that are exercisable within 60 days of May 31, 2026.\n\n(5)\n\nIncludes 812,500 Class A ordinary shares issuable upon the exercise of options granted to Mr. Sinha that are currently exercisable, and 105,240 restricted share units granted to Mr. Sinha within 60 days of May 31, 2026.\n\n(6)\n\nIncludes 500,000 Class A ordinary shares issuable upon the exercise of options granted to Mr. Wells that are currently exercisable within 60 days of May 31, 2026.\n\n(7)\n\nConsists of 9,213 Class A ordinary shares held by family members of Ms. Duhon, over which Ms. Duhon may be deemed to exercise voting and investment power.\n\n(8)\n\nConsists of 1,075,532 Class A ordinary shares held by a revocable trust, over which Mr. Rampell may be deemed to exercise voting and investment power.\n\n(9)\n\nThe percentage included under the column titled “Total Voting Power” reflects the application of the voting right cap with respect to Class B ordinary shares held by Mr. Käärmann’s Class B shareholder group, as described under “Item 10.B. Additional Information—Memorandum and Articles of Association—Voting, Shareholder Meetings and Resolutions.”\n\nAs of May 31, 2026, 1,025,164,562 of our Class A ordinary shares and 204,338,749 of our Class B ordinary shares were issued and outstanding. To our knowledge, approximately 39% of our total outstanding Class A ordinary shares were held by 272 holders of record in the United States. As of May 31, 2026, to our knowledge, no Class B ordinary shares are held by holders of record in the United States.\n\nFor a description of arrangements that could result in a change in control, see “Item 10.B. Additional Information—Memorandum and Articles of Association—Change in Control.”\n\nB. Related Party Transactions\n\nPolicies and Procedures for Related Person Transactions\n\nIn connection with our listing on Nasdaq, we have adopted a written related person transaction policy that requires that each specified related person transaction, and any material amendment or modification to such transactions, be reviewed and approved or ratified by the board of directors or the Audit Committee. For purposes of our policy, a related person transaction is a transaction, arrangement or relationship, or any series of similar transactions, arrangements or relationships, to which the Company or any of its subsidiaries, on the one hand, and any related person, on the other hand, were parties, which is material to the Company or the related person or that is unusual in its nature or conditions. Transactions involving compensation for services provided to us as an employee or director are not covered by this policy. A related person generally includes enterprises that directly or indirectly through one or more intermediaries, control or are controlled by, or are under common\n\n \n\n94\n\n##### Table of Contents\n\ncontrol with, the Company, unconsolidated enterprises in which the Company has a significant influence or which has significant influence over the Company; individuals owning, directly or indirectly, an interest in the voting power of the Company that gives them significant influence over the Company, and close members of any such individual’s family; the Company’s directors and senior management and close members of such individuals’ families; and enterprises in which a substantial interest in the voting power is owned, directly or indirectly, by directors or senior management or close members of such individuals’ families or over which such a person is able to exercise significant influence.\n\nOther than as disclosed in the notes to our consolidated financial statements included elsewhere in this Annual Report, since the beginning of the fiscal year ended March 31, 2025, there have been no related person transactions (as described above) that are required to be disclosed pursuant to Item 7.B of Form 20-F.\n\nC. Interests of Experts and Counsel\n\nNot applicable."}