Adagene CEO Peter Luo buys 23,245 ADS shares

Adagene Inc. director and Chief Executive Officer Peter Luo reported open-market purchases of a total of 23,245 American Depositary Shares (ADS).

Rhea-AI Filing Summary

Adagene Inc. director and Chief Executive Officer Peter Luo reported open-market purchases of a total of 23,245 American Depositary Shares (ADS). On 2026-08-04, he bought 22,966 ADS at an average price of $3.6465 per ADS, with individual trades between $3.62 and $3.65. On 2026-08-05, he purchased a further 279 ADS at $3.65 per ADS. The filing also reports 112,500 Restricted Stock Units (RSUs) granted under the Adagene Inc. 2021 Performance Incentive Plan, with 56,250 RSUs scheduled to vest on each of 7/23/2027 and 7/23/2028. These trades were not flagged as made under a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Buyer: 23,245 shares

Net Buy 3 txns

Insider Luo Peter

Role Chief Executive Officer

Bought 23,245 shs ($85K)

Type	Security	Shares	Price	Value
holding	Restricted Stock Unit F2	--	--	--
Purchase	American Depositary Shares (ADS)	279	$3.65	$1K
Purchase	American Depositary Shares (ADS) F1	22,966	$3.6465	$84K

Holdings After Transaction: American Depositary Shares (ADS) — 68,245 shares (Direct); Restricted Stock Unit — 112,500 shares (Direct)

Footnotes (2)

1. F1. The price reported in Column 4 is an average price. These shares were purchased in multiple transactions at prices ranging from $3.62 to $3.65 per share.
2. F2. 112,500 of Restricted Stock Units ("RSUs") granted under the Adagene Inc. 2021 Performance Incentive Plan. 56,250 of RSUs shall vest on each of the following dates: 7/23/2027, and 7/23/2028

Key Figures

Total ADS purchased: 23,245 ADS ADS purchased on 2026-08-04: 22,966 ADS ADS price range on 2026-08-04: $3.62–$3.65 per ADS +3 more

6 metrics

Total ADS purchased 23,245 ADS Aggregate ADS bought by Peter Luo in reported transactions

ADS purchased on 2026-08-04 22,966 ADS Open-market purchase at an average price of $3.6465 per ADS

ADS price range on 2026-08-04 $3.62–$3.65 per ADS Prices of multiple transactions underlying the 22,966 ADS purchase

ADS purchased on 2026-08-05 279 ADS Direct open-market purchase at $3.65 per ADS

RSUs reported held 112,500 RSUs Restricted Stock Units granted under the 2021 Performance Incentive Plan

Each RSU vesting tranche 56,250 RSUs Vesting on each of 7/23/2027 and 7/23/2028

Key Terms

Restricted Stock Unit, American Depositary Shares (ADS), Rule 10b5-1, 2021 Performance Incentive Plan

4 terms

Restricted Stock Unit financial

"112,500 of Restricted Stock Units ("RSUs") granted under the Adagene Inc. 2021 Performance Incentive Plan"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

American Depositary Shares (ADS) financial

"security_title": "American Depositary Shares (ADS)" for the reported open-market purchases"

American depositary shares (ADS) are a way for investors in the United States to buy shares of foreign companies without dealing with the complexities of international markets. They represent ownership in a foreign company's stock and are traded on U.S. exchanges, making it easier and more convenient for Americans to invest internationally. ADSs allow investors to diversify their portfolios with foreign companies while using familiar trading platforms.

Rule 10b5-1 regulatory

"aff_10b5_one is false, indicating the trades were not affirmed under a Rule 10b5-1 plan"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

2021 Performance Incentive Plan financial

"RSUs granted under the Adagene Inc. 2021 Performance Incentive Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Adagene Inc. (ADAG) report for CEO Peter Luo?

Adagene CEO Peter Luo reported buying a total of 23,245 ADS in open-market transactions. These included 22,966 ADS on 2026-08-04 and 279 ADS on 2026-08-05, both reported as direct holdings.

At what prices did Peter Luo purchase Adagene (ADAG) ADS shares?

Peter Luo bought ADS at around $3.65 per share. On 2026-08-04, 22,966 ADS were bought at an average $3.6465, with trades between $3.62 and $3.65; on 2026-08-05, 279 ADS were bought at $3.65.

How many Adagene (ADAG) shares did Peter Luo buy in total in this Form 4?

In this filing, Peter Luo purchased 23,245 ADS of Adagene Inc. The Form 4 transaction summary reports 22,966 ADS bought on 2026-08-04 and 279 ADS bought on 2026-08-05, all as direct, open-market purchases.

What Restricted Stock Units (RSUs) does Adagene (ADAG) CEO Peter Luo hold?

Peter Luo is reported holding 112,500 RSUs granted under Adagene’s 2021 Performance Incentive Plan. The RSUs vest in two equal tranches of 56,250 on 7/23/2027 and 7/23/2028, subject to the plan’s terms.

Were Peter Luo’s Adagene (ADAG) trades made under a Rule 10b5-1 plan?

No. The Form 4’s Rule 10b5-1 checkbox is not marked, and the filing does not indicate these ADS purchases were made pursuant to a pre-arranged trading plan.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/06/2026 - 06:16 PM Accepted by SEC EDGAR 08/06/2026 - 06:15 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Luo Peter

(Last) (First) (Middle)

18855 NUTMEG DRIVE

(Street)

MORGAN HILL CALIFORNIA 95037

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Adagene Inc. [ ADAG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
American Depositary Shares (ADS)	08/04/2026		P		22,966	A	$3.6465(1)	67,966	D
American Depositary Shares (ADS)	08/05/2026		P		279	A	$3.65	68,245	D
Restricted Stock Unit								112,500(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is an average price. These shares were purchased in multiple transactions at prices ranging from $3.62 to $3.65 per share.

2. 112,500 of Restricted Stock Units ("RSUs") granted under the Adagene Inc. 2021 Performance Incentive Plan. 56,250 of RSUs shall vest on each of the following dates: 7/23/2027, and 7/23/2028

	/s/ Peter LUO	08/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)