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Adagene (NASDAQ: ADAG) officer to sell 131K ADS to cover option taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144/A

Rhea-AI Filing Summary

Adagene Inc. (ADAG) filed an amended notice under Rule 144 for planned sales of American Depositary Shares (ADSs) related to option vesting under its ESOP. An officer intends to sell ADSs each representing 1.25 ordinary shares in a sell-to-cover arrangement to satisfy costs including tax withholding arising from option vesting. The plan covers four NASDAQ transactions through Futu Securities International (Hong Kong) Ltd: 40,000 ADSs each on 08/21/2026, 08/24/2026, and 08/25/2026, and 11,000 ADSs on 08/26/2026. The filing also reports a prior sale of 475 ADSs on 07/28/2026 by Chunfang Gu.

Positive

  • None.

Negative

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Planned ADS sale 08/21/2026 40,000 ADS; aggregate market value 158,000.00 ADS each representing 1.25 ordinary shares; NASDAQ sale via Futu Securities International (Hong Kong) Ltd
Planned ADS sale 08/24/2026 40,000 ADS; aggregate market value 158,000.00 ADS each representing 1.25 ordinary shares; NASDAQ sale via Futu Securities International (Hong Kong) Ltd
Planned ADS sale 08/25/2026 40,000 ADS; aggregate market value 158,000.00 ADS each representing 1.25 ordinary shares; NASDAQ sale via Futu Securities International (Hong Kong) Ltd
Planned ADS sale 08/26/2026 11,000 ADS; aggregate market value 43,450.00 ADS each representing 1.25 ordinary shares; NASDAQ sale via Futu Securities International (Hong Kong) Ltd
ADS sold in past 3 months 475 ADS; aggregate proceeds 1,634.19 Sale by Chunfang Gu on 07/28/2026
Date of Notice 08/20/2026 Filing date of the Rule 144/A notice for planned ADS sales
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
sell-to-cover financial
"being sold pursuant to a sell-to-cover arrangement to satisfy the cost"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
ESOP plan financial
"VESTING OF OPTIONS GRANTED PURSUANT TO ISSUER ESOP PLAN"
American Depositary Shares financial
"ADS EACH REPRESENTING 1.25 ORDINARY SHARES, SOLD TO COVER COST"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

FAQ

What insider sale is being reported for Adagene Inc. (ADAG) in this Form 144/A?
The filing reports an officer’s intent to sell 131,000 ADSs of Adagene Inc. in four NASDAQ transactions between 08/21/2026 and 08/26/2026, as part of a sell-to-cover arrangement tied to option vesting under the issuer’s ESOP plan.

On which dates are Adagene (ADAG) ADS sales planned under this Rule 144 notice?
Planned sales are dated 08/21/2026, 08/24/2026, 08/25/2026, and 08/26/2026, with 40,000 ADSs on each of the first three dates and 11,000 ADSs on the last date.

What is the purpose of the Adagene (ADAG) ADS sales disclosed here?
The ADSs are being sold under a sell-to-cover arrangement to satisfy costs, including tax withholding obligations, arising from the vesting of stock options granted pursuant to Adagene Inc.’s ESOP plan.

What past Adagene (ADAG) insider sale is disclosed in the last three months?
The notice states that Chunfang Gu sold 475 ADSs on 07/28/2026 for aggregate proceeds of 1,634.19 over the prior three months.

Which broker and market are involved in the Adagene (ADAG) ADS sales?
The planned ADS sales will be executed through Futu Securities International (Hong Kong) Ltd on NASDAQ, according to the Rule 144/A notice.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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144/A: Filer Information

144/A: Issuer Information

144/A: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

144/A: Remarks and Signature

Source: View Original Filing on SEC EDGAR