Adlai Nortye CEO discloses initial share holdings

Adlai Nortye Ltd. CEO Lu Yang has filed an initial ownership report showing existing equity interests in the company.

Rhea-AI Filing Summary

Adlai Nortye Ltd. CEO Lu Yang has filed an initial ownership report showing existing equity interests in the company. The filing lists an indirect holding of 16,990,000 Class B ordinary shares through a family trust (Archer Future Limited) and a direct holding of 100,000 American Depositary Shares (ADS).

It also discloses three indirect awards of Restricted Share Units (RSUs), each tied to 100,000 ADS, held via an ESOP entity (Nortye Talent Limited. Each RSU represents the right to receive one ADS at a $0.00 exercise price, with vesting dates on January 1, 2027, January 1, 2028, and January 1, 2029. These entries reflect reported holdings, not new market purchases or sales.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider LU YANG

Role CEO

Type	Security	Shares	Price	Value
holding	Restricted Share Units	--	--	--
holding	Restricted Share Units	--	--	--
holding	Restricted Share Units	--	--	--
holding	American Depositary Shares	--	--	--
holding	Class B ordinary shares	--	--	--

Holdings After Transaction: Restricted Share Units — 300,000 contracts (Indirect, Held by ESOP(Nortye Talent Limited)); American Depositary Shares — 100,000 shares (Direct); Class B ordinary shares — 16,990,000 shares (Indirect, Held by Family Trust (Archer Future Limited))

Footnotes (2)

1. F1. Each RSU represents a right to receive [one (1)]share of ADS upon settlement.
2. F2. Do not have a expiration date.

Key Figures

Class B ordinary shares: 16,990,000 shares ADS direct holding: 100,000 ADS RSU award 2027: 100,000 ADS underlying +2 more

5 metrics

Class B ordinary shares 16,990,000 shares Indirectly held via Family Trust (Archer Future Limited) as of Form 3

ADS direct holding 100,000 ADS Directly held by CEO as of Form 3

RSU award 2027 100,000 ADS underlying RSU held via ESOP, exercise price $0.00, vests January 1, 2027

RSU award 2028 100,000 ADS underlying RSU held via ESOP, exercise price $0.00, vests January 1, 2028

RSU award 2029 100,000 ADS underlying RSU held via ESOP, exercise price $0.00, vests January 1, 2029

Key Terms

American Depositary Shares, Restricted Share Units, Family Trust, ESOP, +1 more

5 terms

American Depositary Shares financial

"The filing lists a direct holding of 100,000 American Depositary Shares (ADS)."

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.

Restricted Share Units financial

"It also discloses three indirect awards of Restricted Share Units (RSUs), each tied to 100,000 ADS."

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

Family Trust financial

"An indirect holding of 16,990,000 Class B ordinary shares through a Family Trust (Archer Future Limited)."

ESOP financial

"RSUs are held via an ESOP entity (Nortye Talent Limited) for the benefit of the CEO."

An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.

exercise price financial

"Each RSU gives the right to receive one ADS at a $0.00 exercise price."

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

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

What insider holdings does ANL CEO Lu Yang report on this Form 3?

Lu Yang reports an indirect holding of 16,990,000 Class B ordinary shares via a family trust and a direct holding of 100,000 ADS. These positions show her existing economic stake at the time of the initial ownership filing.

How many Adlai Nortye (ANL) ADS does the CEO hold directly?

The CEO holds 100,000 American Depositary Shares directly. This stake is separate from the larger block of Class B ordinary shares held indirectly through a family trust and from RSUs held through the company’s ESOP vehicle.

What Restricted Share Units (RSUs) are disclosed for ANL’s CEO?

Three RSU positions are disclosed, each linked to 100,000 ADS and held indirectly via Nortye Talent Limited. Each RSU gives the right to receive one ADS at a $0.00 exercise price, with vesting on January 1 of 2027, 2028, and 2029.

Are the Adlai Nortye CEO’s Class B ordinary shares held directly or indirectly?

The 16,990,000 Class B ordinary shares are held indirectly through a Family Trust (Archer Future Limited). This means the position is attributed to an affiliated entity rather than being directly registered in the CEO’s own name.

Does this ANL Form 3 show any insider buying or selling activity?

No specific insider buying or selling is indicated. The entries are categorized as holdings, with unknown transaction codes, and the summary shows neutral net buy/sell direction, suggesting this is a disclosure of existing positions, not new trades.

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

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Accepted by SEC EDGAR 05/21/2026 - 11:48 AM Learn about SEC filing dates

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

LU YANG

(Last) (First) (Middle)

BUILDING 6, 1008 XIANGWANG STREET

YUHANG DISTRICT

(Street)

HANGZHOU ZHEJIANG 00000

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Adlai Nortye Ltd. [ ANL ]

3a. Foreign Trading Symbol

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
American Depositary Shares	100,000	D
Class B ordinary shares	16,990,000	I	Held by Family Trust (Archer Future Limited)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	01/01/2027	(2)	American Depositary Shares	100,000	$0(1)	I	Held by ESOP(Nortye Talent Limited)
Restricted Share Units	01/01/2028	(2)	American Depositary Shares	100,000	$0(1)	I	Held by ESOP(Nortye Talent Limited)
Restricted Share Units	01/01/2029	(2)	American Depositary Shares	100,000	$0(1)	I	Held by ESOP(Nortye Talent Limited)

Explanation of Responses:

1. Each RSU represents a right to receive [one (1)]share of ADS upon settlement.

2. Do not have a expiration date.

	Yang Lu	05/21/2026
	** 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 5 (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 3: SEC 1473 (03-26)