HUTCHMED acting CEO gets LTIP share allocations

HUTCHMED (China) Ltd director and acting CEO/CFO Cheng Chig Fung reported performance-based equity allocations under the company’s Long Term Incentive Plan.

Rhea-AI Filing Summary

HUTCHMED (China) Ltd director and acting CEO/CFO Cheng Chig Fung reported performance-based equity allocations under the company’s Long Term Incentive Plan. On May 20, 2026, 30,157 ordinary shares from 2024 LTIP awards and 26,307 ordinary shares from 2025 LTIP awards were allocated at a purchase price of zero. The shares are held indirectly by an LTIP trustee on his behalf and are expected to vest and transfer to his personal account in 2027 and 2028, subject to award terms. These are compensation-related restructurings rather than open-market trades.

Insider Trade Summary

Other: 56,464 shares

Other 2 txns

Insider Cheng Chig Fung

Role Acting CEO and CFO

Type	Security	Shares	Price	Value
Other	Long Term Incentive Plan awards granted on Aug 5, 2024	30,157	$0.00	$0.00
Other	Long Term Incentive Plan awards granted on Jun 9, 2025	26,307	$0.00	$0.00

Holdings After Transaction: Long Term Incentive Plan awards granted on Aug 5, 2024 — 30,157 contracts (Indirect, Held by Long Term Incentive Plan trustee); Long Term Incentive Plan awards granted on Jun 9, 2025 — 26,307 contracts (Indirect, Held by Long Term Incentive Plan trustee)

Footnotes (2)

1. F1. Represents ordinary shares allocated to the Reporting Person at a purchase price of zero following determination of achievement of the FY2025 performance conditions applicable to the Long Term Incentive Plan awards granted on August 5, 2024. The allocated shares are held by the LTIP trustee on behalf of the Reporting Person and are expected to vest, and be transferred to the Reporting Person's personal account, in 2027, subject to the terms and conditions of the awards.
2. F2. Represents ordinary shares allocated to the Reporting Person at a purchase price of zero following determination of achievement of the FY2025 performance conditions applicable to the Long Term Incentive Plan awards granted on June 9, 2025. The allocated shares are held by the LTIP trustee on behalf of the Reporting Person and are expected to vest, and be transferred to the Reporting Person's personal account, in 2028, subject to the terms and conditions of the awards.

Key Figures

2024 LTIP shares allocated: 30,157 shares 2025 LTIP shares allocated: 26,307 shares Total LTIP restructuring shares: 56,464 shares +3 more

6 metrics

2024 LTIP shares allocated 30,157 shares Ordinary shares from August 5, 2024 LTIP awards allocated at zero price

2025 LTIP shares allocated 26,307 shares Ordinary shares from June 9, 2025 LTIP awards allocated at zero price

Total LTIP restructuring shares 56,464 shares Shares involved in J-code restructuring transactions per transactionSummary

Purchase price per LTIP share $0.00 Allocated ordinary shares under LTIP at a purchase price of zero

2027 vesting year 2027 Expected vesting and transfer year for August 5, 2024 LTIP allocation

2028 vesting year 2028 Expected vesting and transfer year for June 9, 2025 LTIP allocation

Key Terms

Long Term Incentive Plan, LTIP trustee, performance conditions, indirect, +1 more

5 terms

Long Term Incentive Plan financial

"Long Term Incentive Plan awards granted on Aug 5, 2024"

A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.

LTIP trustee financial

"The allocated shares are held by the LTIP trustee on behalf of the Reporting Person"

performance conditions financial

"following determination of achievement of the FY2025 performance conditions applicable to the Long Term Incentive Plan awards"

indirect financial

"direct_or_indirect: "I" and nature_of_ownership: "Held by Long Term Incentive Plan trustee""

Other acquisition or disposition financial

"transaction_code_description: "Other acquisition or disposition""

FAQ

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

What insider transactions did HCM’s acting CEO/CFO report on this Form 4?

The filing reports allocations of performance-based Long Term Incentive Plan awards. 30,157 ordinary shares from 2024 awards and 26,307 shares from 2025 awards were credited at zero purchase price, held by a trustee on the executive’s behalf.

Were there any open-market share purchases or sales by HCM’s Cheng Chig Fung?

No open-market buys or sells are reported. The Form 4 shows "J" code transactions, meaning other acquisitions or dispositions. These reflect LTIP share allocations at no cost, not market trades, and are held indirectly through a plan trustee.

How many HUTCHMED ordinary shares are tied to the reported LTIP awards?

The filing shows 56,464 ordinary shares tied to Long Term Incentive Plan awards. This total includes 30,157 shares from August 5, 2024 grants and 26,307 shares from June 9, 2025 grants allocated to Cheng Chig Fung.

When will the reported HCM LTIP shares for Cheng Chig Fung vest?

The LTIP shares are expected to vest in future years. Shares from August 5, 2024 awards are expected to vest and transfer to his personal account in 2027, while shares from June 9, 2025 awards are expected to vest in 2028, subject to award terms.

What performance conditions apply to HUTCHMED’s LTIP awards for Cheng Chig Fung?

The allocations follow determination of FY2025 performance conditions for the LTIP awards. Once those conditions were assessed as met for the 2024 and 2025 grants, ordinary shares were allocated at zero purchase price and held by the LTIP trustee on his behalf.

Are the LTIP shares held directly by Cheng Chig Fung or through an entity?

The Form 4 states the shares are held indirectly by a Long Term Incentive Plan trustee. The trustee holds the allocated ordinary shares on behalf of Cheng Chig Fung until vesting, when they are expected to move to his personal account, subject to award terms.

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

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Accepted by SEC EDGAR 05/21/2026 - 06:16 AM EDT 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^*

Cheng Chig Fung

(Last) (First) (Middle)

C/O 48TH FLOOR, CHEUNG KONG CENTER, 2

QUEEN'S ROAD CENTRAL

(Street)

HONG KONG K3 000000

(City) (State) (Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
HUTCHMED (China) Ltd [ HCM ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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

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
Long Term Incentive Plan awards granted on Aug 5, 2024	(1)	05/20/2026		J		30,157		(1)	(1)	Ordinary shares	30,157	$0	30,157	I	Held by Long Term Incentive Plan trustee
Long Term Incentive Plan awards granted on Jun 9, 2025	(2)	05/20/2026		J		26,307		(2)	(2)	Ordinary shares	26,307	$0	26,307	I	Held by Long Term Incentive Plan trustee

Explanation of Responses:

1. Represents ordinary shares allocated to the Reporting Person at a purchase price of zero following determination of achievement of the FY2025 performance conditions applicable to the Long Term Incentive Plan awards granted on August 5, 2024. The allocated shares are held by the LTIP trustee on behalf of the Reporting Person and are expected to vest, and be transferred to the Reporting Person's personal account, in 2027, subject to the terms and conditions of the awards.

2. Represents ordinary shares allocated to the Reporting Person at a purchase price of zero following determination of achievement of the FY2025 performance conditions applicable to the Long Term Incentive Plan awards granted on June 9, 2025. The allocated shares are held by the LTIP trustee on behalf of the Reporting Person and are expected to vest, and be transferred to the Reporting Person's personal account, in 2028, subject to the terms and conditions of the awards.

	/s/ Cheng Chig Fung	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)