Adagene (ADAG) HR executive Form 3 details options, RSUs and shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Adagene Inc. executive director of human resources Zhou Ling filed an initial Form 3 reporting existing equity holdings in the company. The filing shows direct ownership of 2,969 ordinary shares, 9,375 restricted stock units and multiple nonqualified stock options over ordinary shares.
The RSUs were granted under Adagene’s 2021 Performance Incentive Plan, with 3,125 units scheduled to vest on each of 7/23/2026, 7/23/2027 and 7/23/2028. Option positions include fully vested grants over 25,000, 3,125 and 1,250 shares, plus additional time-based options ranging from 20,000 to 35,000 underlying shares with exercise prices between 1.0400 and 5.6000 per share and expirations from 2030 through 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Zhou Ling
Role
ED of Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Nonqualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Nonqualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Nonqualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Nonqualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Nonqualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Nonqualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Nonqualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Nonqualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Nonqualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (Right to Buy) — 25,000 shares (Direct);
Ordinary Shares — 2,969 shares (Direct);
Restricted Stock Unit — 9,375 shares (Direct)
Footnotes (1)
- 9,375 of Restricted Stock Units ("RSUs") granted under the Adagene Inc. 2021 Performance Incentive Plan. 3,125 of RSUs shall vest on each of the following dates: 7/23/2026, 7/23/2027, and 7/23/2028. 25,000 of time-based incentive stock option granted under the Adagene Inc. Second Amended and Restated Share Incentive Plan (pre-IPO), and all such option are fully vested and exercisable. 3,125 of performance-based incentive stock options granted under the Adagene Inc. Second Amended and Restated Share Incentive Plan (pre-IPO), and all such option are fully vested and exercisable. 1,250 of performance-based stock options granted under the Adagene Inc. 2021 Performance Incentive Plan, and all such option are fully vested and exercisable. 20,000 of time-based stock option granted on 5/3/2023 under the Adagene Inc. 2021 Performance Incentive Plan. The options shall become exercisable with respect to 25% of the options on each of the first four anniversaries of the grant date. Accordingly, 10,000 shares subject to this option are vested and exercisable. 20,000 of time-based stock option granted on 12/27/2023 under the Adagene Inc. 2021 Performance Incentive Plan. The options shall become exercisable with respect to 25% of the options on each of the first four anniversaries of the grant date. Accordingly, 10,000 shares subject to this option are vested and exercisable. 26,217 of time-based stock option granted on 11/17/2024 under the Adagene Inc. 2021 Performance Incentive Plan. 50% of the options shall vest on 6/30/2025 and 6/30/2026, respectively, so 13,109 shares subject to this option are vested and exercisable. 25,000 of time-based stock option granted on 12/24/2024 under the Adagene Inc. 2021 Performance Incentive Plan. The options shall become exercisable with respect to 25% of the options on each of the first four anniversaries of the grant date. Accordingly, 6,250 shares subject to this option are vested and exercisable. 35,000 of time-based stock option granted on 6/5/2025 under the Adagene Inc. 2021 Performance Incentive Plan, and become exercisable with respect to 25% of the stock options on each of the first four anniversaries of the grant. 35,000 of time-based stock option granted on 2/5/2026 under the Adagene Inc. 2021 Performance Incentive Plan, and become exercisable with respect to 25% of the stock options on each of the first four anniversaries of the grant.
FAQ
What does Adagene (ADAG) executive Zhou Ling report on this Form 3?
Zhou Ling reports existing ownership of Adagene equity, not a new transaction. Holdings include 2,969 ordinary shares, 9,375 restricted stock units, and several nonqualified stock option grants over ordinary shares with varying exercise prices and expiration dates, all held directly.
How many Adagene (ADAG) RSUs does Zhou Ling hold and when do they vest?
Zhou Ling holds 9,375 restricted stock units under the 2021 Performance Incentive Plan. These RSUs vest in three equal installments of 3,125 units on 7/23/2026, 7/23/2027, and 7/23/2028, subject to the terms of the plan and grant agreement.
Are Zhou Ling’s reported Adagene (ADAG) options currently exercisable?
Several option grants are already fully vested and exercisable, including 25,000, 3,125 and 1,250 options described in the footnotes. Other time-based grants vest in stages over four years from their grant dates, with portions currently vested and additional tranches vesting later.
Does this Adagene (ADAG) Form 3 show any insider buying or selling?
The Form 3 records Zhou Ling’s beneficial ownership positions as of the reporting date rather than new trades. Transaction codes are marked as holdings, with no buy or sell codes, so it functions as a baseline disclosure of shares, RSUs and option awards.