Netwealth director Matthew Heine increases stake through options exercise

Matthew Alexander Max Heine, a director at Netwealth Group Limited, has seen a notable change in his direct and indirect interests, as reported in a recent Appendix 3Y notice. The changes, effective September 15, 2025, involved the exercise of 153,232 unlisted employee options and the conversion of 28,467 unlisted performance rights. These transactions resulted in an acquisition value of AUD $1,771,496 for the acquired securities.

Prior to these changes, Heine held various indirect interests in ordinary shares through Netwealth Wrap Service and other trusts, along with direct interests in unlisted options and performance rights. Following the adjustments, his direct interest in unlisted options was fully exercised, and direct performance rights decreased to 89,418.

The newly acquired 153,232 ordinary shares from option exercise and 28,467 ordinary shares from performance rights conversion were transferred to Netwealth Investments Ltd as operator and custodian of Netwealth Wrap Service for the "Matthew Heine" account. This increased his indirect holding in this specific account to 2,798,035 ordinary shares. The transactions occurred outside a closed period where prior written clearance would have been required.