Adlai Nortye (ANL) CEO records small ADS sale in Form 4

Rhea-AI Filing Summary

Adlai Nortye Ltd. CEO and director Lu Yang reported an open-market sale of 10 American Depositary Shares at $13.18 per share. After this small transaction, Lu Yang directly holds 99,990 American Depositary Shares, indicating only a minor change in his overall position.

Insider Trade Summary

Net Seller: 10 shares ($132)

Net Sell 1 txn

Insider LU YANG

Role CEO

Sold 10 shs ($131.80)

Type	Security	Shares	Price	Value
Sale	American Depositary Shares	10	$13.18	$131.80

Holdings After Transaction: American Depositary Shares — 99,990 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 10 American Depositary Shares Sale price: $13.18 per share Shares held after transaction: 99,990 American Depositary Shares

3 metrics

Shares sold 10 American Depositary Shares Open-market sale on 2026-05-13

Sale price $13.18 per share Price for American Depositary Shares sold

Shares held after transaction 99,990 American Depositary Shares Direct holdings following 2026-05-13 sale

Key Terms

American Depositary Shares, open-market sale, Form 4, ten percent owner

4 terms

American Depositary Shares financial

"security_title: "American Depositary 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.

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

ten percent owner financial

""is_ten_percent_owner": 1"

Form 4 Insider Transactions: What Each Field Means →

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^*

LU YANG

(Last) (First) (Middle)

BUILDING 6, 1008 XIANGWANG STREET

YUHANG DISTRICT

(Street)

HANGZHOU ZHEJIANG 00000

(City) (State) (Zip)

CHINA

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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	05/13/2026		S		10	D	$13.18	99,990	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:

	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 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)

FAQ

What insider transaction did Adlai Nortye (ANL) report for Lu Yang?

Adlai Nortye reported that CEO Lu Yang sold 10 American Depositary Shares in an open-market transaction at $13.18 per share. This filing reflects a routine, small trade relative to his remaining shareholdings in the company.

How many Adlai Nortye (ANL) shares does Lu Yang hold after the sale?

After the transaction, Lu Yang directly holds 99,990 American Depositary Shares of Adlai Nortye. This shows the reported sale covered only a very small portion of his overall position in the company’s equity.

At what price did Lu Yang sell Adlai Nortye (ANL) American Depositary Shares?

Lu Yang sold 10 American Depositary Shares of Adlai Nortye at $13.18 per share in an open-market transaction. The Form 4 characterizes this as a standard sale in the open market or a private transaction.

Does the Adlai Nortye (ANL) Form 4 involve derivatives or options?

The Form 4 transaction involves only non-derivative American Depositary Shares, with no options or other derivatives reported. The derivativeSummary section is empty, indicating no related option exercises or derivative trades in this filing.

Is Lu Yang considered a major insider at Adlai Nortye (ANL)?

Yes. The filing identifies Lu Yang as both CEO and director of Adlai Nortye and flags him as a ten percent owner. This combination of roles makes him a key insider whose equity transactions are subject to Form 4 reporting.