Adagene Inc. (NASDAQ: ADAG) insider reports 2.39M shares, 5.1% stake

Rhea-AI Filing Summary

Adagene Inc. Schedule 13G filing reports that Jorey Chernett beneficially owned 2,389,060 Ordinary shares as of the close of business on March 17, 2026, representing 5.1% of the class based on 58,914,087 Ordinary Shares outstanding as of June 30, 2025, per the issuer's prospectus.

The cover disclosure notes the CUSIP 005329107 is assigned to the issuer's ADSs quoted on NASDAQ under the symbol ADAG, and that each ADS represents one and one quarter Ordinary Share. The filing is a beneficial ownership report by the reporting person, signed on March 18, 2026.

Insights

Corporate Governance Analyst

Holder reports a single beneficial stake of 5.1%, a disclosure-level ownership

Adagene's filing shows a beneficial ownership position of 2,389,060 Ordinary shares held by the reporting person as of March 17, 2026. The percentage uses the issuer's stated outstanding share count of 58,914,087 as of June 30, 2025.

Such Schedule 13G disclosures inform governance and voting landscapes; subsequent filings could update percent ownership if outstanding share counts change or further acquisitions/dispositions occur. Corporate records and proxy disclosures will reflect any voting implications tied to this stake.

Securities Compliance Attorney

Filing is a routine beneficial ownership disclosure under Schedule 13G

The report identifies the filing person, address, citizenship, and exact share counts with sole voting and dispositive power of 2,389,060 shares. It also cites the prospectus figure for outstanding shares, anchoring the 5.1% calculation.

From a compliance view, the filing meets identification and signature elements. Any material change in holdings or control would require an amended filing consistent with federal disclosure rules; timing of such amendments is governed by Schedule 13G/13D provisions.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Adagene Inc.

(Name of Issuer)

Ordinary shares, par value US$0.0001 per share

(Title of Class of Securities)

005329107

(CUSIP Number)

03/16/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 005329107

1

Names of Reporting Persons

Chernett Jorey

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,389,060.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,389,060.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,389,060.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Represents Ordinary Shares held by the Reporting Person. There is no CUSIP number assigned to the Ordinary Shares. CUSIP number 005329107 has been assigned to the ADSs of the Issuer, which are quoted on NASDAQ Stock Market under the symbol “ADAG.” Each ADS represents one and one quarter Ordinary Share.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Adagene Inc.
(b)	Address of issuer's principal executive offices: 4F, BUILDING C14, NO. 218, XINGHU STREET, SUZHOU INDUSTRIAL PARK, JIANGSU, CHINA, 00000
Item 2.
(a)	Name of person filing: Jorey Chernett (the "Reporting Person")
(b)	Address or principal business office or, if none, residence: The principal business address of the Reporting Person is 6222 Indianwood Trail, Bloomfield Hills, MI 48301.
(c)	Citizenship: US.
(d)	Title of class of securities: Ordinary shares, par value US$0.0001 per share
(e)	CUSIP Number(s): 005329107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: As of the close of business on March 17, 2026, the Reporting Person beneficially owned 2,389,060 Ordinary shares, par value US$0.0001 per share, of the Issuer (the "Shares").
(b)	Percent of class: The aggregate percentage of Shares owned by the Reporting Person is based upon is based upon 58,914,087 of the Issuer's Ordinary Shares outstanding as of June 30, 2025, as set forth in the Issuer's Prospectus filed with the Securities and Exchange Commission on January 9, 2026. As of the close of business on March 17, 2026, the Reporting Person may be deemed to beneficially own 5.1% of the outstanding Shares.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Cover Pages Items 5-9.
	(ii) Shared power to vote or to direct the vote: See Cover Pages Items 5-9.
	(iii) Sole power to dispose or to direct the disposition of: See Cover Pages Items 5-9.
	(iv) Shared power to dispose or to direct the disposition of: See Cover Pages Items 5-9.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Chernett Jorey

Signature:	/s/ Jorey Chernett
Name/Title:	Jorey Chernett
Date:	03/18/2026

FAQ

What stake does Jorey Chernett report in ADAG?

Jorey Chernett reports beneficial ownership of 2,389,060 Ordinary shares as of March 17, 2026, representing 5.1% of the outstanding Ordinary shares using the issuer's disclosed base.

How was the 5.1% ownership calculated for ADAG?

The percentage is calculated using 58,914,087 Ordinary Shares outstanding as of June 30, 2025, as stated in the issuer's prospectus; that outstanding count anchors the 5.1% figure.

Does the filing indicate voting or dispositive power for the reported shares?

Yes, the cover data shows the reporting person has sole voting power and sole dispositive power over 2,389,060 shares, as reflected in the filing's itemized cover-page fields.

Are the CUSIP and ADS conversion details included in the filing?

The filing notes CUSIP 005329107 is assigned to the issuer's ADSs on NASDAQ under ADAG, and states each ADS represents one and one quarter Ordinary Share.