Adagene (NASDAQ: ADAG) officer plans August ADS sell-to-cover

Rhea-AI Filing Summary

Adagene Inc. (ADAG) is the subject of a Form 144 notice filed by officer Gu Chunfang covering proposed sales of American Depositary Shares, each representing 1.25 ordinary shares. The ADSs are to be sold through Futu Securities International (Hong Kong) Ltd on several August 2026 trade dates to cover costs, including tax withholding obligations, arising from the vesting of options granted under Adagene’s ESOP plan.

Key Figures

ADS per trade: 40,000 ADS Aggregate value per 40,000 ADS block: 158,000.00 Smaller ADS block: 11,000 ADS +3 more

6 metrics

ADS per trade 40,000 ADS Proposed sales of Adagene ADSs on multiple August 2026 dates

Aggregate value per 40,000 ADS block 158,000.00 Listed aggregate value for each 40,000 ADS sale in August 2026

Smaller ADS block 11,000 ADS Additional proposed ADS sale on 08/25/2026

Aggregate value for 11,000 ADS 43,450.00 Listed aggregate value for the 11,000 ADS sale

ADS to ordinary share ratio 1 ADS = 1.25 ordinary shares Each Adagene ADS represents 1.25 ordinary shares

Form 144 notice date 08/19/2026 Date of Notice signed by Gu Chunfang

Key Terms

Form 144, sell-to-cover arrangement, vesting of options, ESOP plan, +1 more

5 terms

Form 144 regulatory

"144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

sell-to-cover arrangement financial

"being sold pursuant to a sell-to-cover arrangement to satisfy the cost"

vesting of options financial

"arising in connection with the vesting of the options"

ESOP plan financial

"VESTING OF OPTIONS GRANTED PURSUANT TO ISSUER ESOP PLAN"

American Depositary Shares financial

"ADS EACH REPRESENTING 1.25 ORDINARY SHARES"

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 does the Form 144 filing for Adagene Inc. (ADAG) disclose?

The Form 144 filing discloses that officer Gu Chunfang plans to sell Adagene ADSs in August 2026. The ADSs, each representing 1.25 ordinary shares, will be sold to cover costs, including tax withholding, from vested stock options.

How many Adagene (ADAG) ADSs are covered per trade in this Form 144?

The notice lists proposed trades of 40,000 ADSs on several dates and one trade of 11,000 ADSs. Each ADS represents 1.25 ordinary shares, and the trades are structured to cover costs from option vesting events.

What is the stated purpose of the planned Adagene (ADAG) ADS sales?

The planned sales are described as a sell-to-cover arrangement to satisfy cost, including tax withholding obligations. These obligations arise from the vesting of options granted under Adagene Inc.’s employee stock option plan (ESOP).

On which dates are the Adagene (ADAG) ADS sales expected to occur?

The proposed ADS sales are tied to vesting events dated 08/20/2026, 08/21/2026, 08/24/2026, and 08/25/2026. Corresponding trades are listed for the same August 2026 dates on the NASDAQ market.

What aggregate values are associated with the Adagene (ADAG) ADS trades in the Form 144?

For three of the dates, the notice lists 40,000 ADSs with an aggregate value of 158,000.00. For another date, it lists 11,000 ADSs with an aggregate value of 43,450.00, reflecting indicative transaction values for those trades.

Through which broker will the Adagene (ADAG) ADSs be sold under this Form 144?

The ADSs are to be sold through Futu Securities International (Hong Kong) Ltd. The filing ties multiple August 2026 ADS trades to this broker, with sales reported as taking place on NASDAQ to cover vesting-related costs.

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Available on EDGAR 08/19/2026 - 10:22 AM Accepted by SEC EDGAR 08/19/2026 - 10:22 AM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0002108105
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Adagene Inc.
SEC File Number	001-39997
Address of Issuer	4F, BUILDING C14, NO. 218, XINGHU STREET SUZHOU INDUSTRIAL PARK JIANGSU CHINA 00000
Phone	86-512-87773632
Name of Person for Whose Account the Securities are To Be Sold	GU CHUNFANG
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
ADS EACH REPRESENTING 1.25 ORDINARY SHARES, SOLD TO COVER COST	Futu Securities International (Hong Kong) Ltd 34/F, United Centre 95 Queensway Admiralty K3 000000	40000	158000.00	67143344	08/20/2026	NASDAQ
ADS EACH REPRESENTING 1.25 ORDINARY SHARES, SOLD TO COVER COST	Futu Securities International (Hong Kong) Ltd 34/F, United Centre 95 Queensway Admiralty K3 000000	40000	158000.00	67143344	08/21/2026	NASDAQ
ADS EACH REPRESENTING 1.25 ORDINARY SHARES, SOLD TO COVER COST	Futu Securities International (Hong Kong) Ltd 34/F, United Centre 95 Queensway Admiralty K3 000000	40000	158000.00	67143344	08/24/2026	NASDAQ
ADS EACH REPRESENTING 1.25 ORDINARY SHARES, SOLD TO COVER COST	Futu Securities International (Hong Kong) Ltd 34/F, United Centre 95 Queensway Admiralty K3 000000	11000	43450.00	67143344	08/25/2026	NASDAQ

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: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
ADS EACH REPRESENTING 1.25 ORDINARY SHARES, SOLD TO COVER COST	08/20/2026	VESTING OF OPTIONS GRANTED PURSUANT TO ISSUER ESOP PLAN	Adagene Inc.			40000	08/20/2026	VESTING OF OPTIONS
ADS EACH REPRESENTING 1.25 ORDINARY SHARES, SOLD TO COVER COST	08/21/2026	VESTING OF OPTIONS GRANTED PURSUANT TO ISSUER ESOP PLAN	Adagene Inc.			40000	08/21/2026	VESTING OF OPTIONS
ADS EACH REPRESENTING 1.25 ORDINARY SHARES, SOLD TO COVER COST	08/24/2026	VESTING OF OPTIONS GRANTED PURSUANT TO ISSUER ESOP PLAN	Adagene Inc.			40000	08/24/2026	VESTING OF OPTIONS
ADS EACH REPRESENTING 1.25 ORDINARY SHARES, SOLD TO COVER COS	08/25/2026	VESTING OF OPTIONS GRANTED PURSUANT TO ISSUER ESOP PLAN	Adagene Inc.			11000	08/25/2026	VESTING OF OPTIONS

* 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: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks	The securities set forth herein are being sold pursuant to a sell-to-cover arrangement to satisfy the cost including tax withholding obligations arising in connection with the vesting of the options.
Date of Notice	08/19/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	CHUNFANG GU
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)