Was the Intchains (ICG) director’s Form 4 transaction a market purchase or a share grant?

The Form 4 shows a share grant, not a market purchase. The director received 23,622 Class A Ordinary Shares at a price of US$0.00 per share as a compensation award, reflecting a fixed value of US$30,000 based on the prior day’s deemed closing price.

What is the value of the share award reported in Intchains Group Ltd (ICG) Form 4?

The award represents a fixed value of US$30,000. This value was calculated by dividing US$30,000 by the deemed closing price of Intchains’ Class A Ordinary Shares as of May 5, 2026, resulting in the grant of 23,622 fully-vested Class A Ordinary Shares.

Director at Intchains (NASDAQ: ICG) receives 23,622-share grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

LEE CONWAY KONG WAI reported acquisition or exercise transactions in this Form 4 filing.

Intchains Group Ltd director Conway Kong Wai Lee received a share award rather than buying stock on the market. On May 6, 2026, the company granted him 23,622 fully-vested Class A Ordinary Shares under its 2022 Share Incentive Plan, representing a fixed value of US$30,000 based on the prior day’s deemed closing price.

The award is subject to a six-month lock-up period from the grant date and is treated as “control securities” under Rule 144. Following this compensation grant, he directly holds 23,622 Class A Ordinary Shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LEE CONWAY KONG WAI

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Ordinary Shares	23,622	$0.00	--

Holdings After Transaction: Class A Ordinary Shares — 23,622 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 23,622 Class A Ordinary Shares Award value: US$30,000 Price per share in transaction record: US$0.0000 per share +2 more

5 metrics

Shares granted 23,622 Class A Ordinary Shares Non-derivative grant on May 6, 2026

Award value US$30,000 Fixed value of share grant under 2022 Share Incentive Plan

Price per share in transaction record US$0.0000 per share Compensation grant, not a market purchase

Shares held after transaction 23,622 Class A Ordinary Shares Total direct holdings following the grant

Lock-up period Six-month lock-up From award date of May 6, 2026

Key Terms

2022 Share Incentive Plan, lock-up period, control securities, Rule 144

4 terms

lock-up period regulatory

"The shares are subject to a sixmonth lock-up period from the award date"

A lock-up period is a fixed time after a stock offering during which company insiders and early investors are legally barred from selling their shares. It matters because when that restriction expires a large block of previously locked-up shares can enter the market at once, potentially lowering the stock price or spiking trading volume—like opening a floodgate—so investors monitor these dates to anticipate price moves and manage risk.

control securities regulatory

"and constitute "control securities" under Rule 144"

Rule 144 regulatory

"and constitute "control securities" under Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Form 4 Insider Transactions: What Each Field Means →

05/07/2026 - 10:29 AM

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^*

LEE CONWAY KONG WAI

(Last)

(First)

(Middle)

C/O BUILDING 16, LN 999, XINYUAN S RD

LIN-GANG SPECIAL AREA, PUDONG

(Street)

SHANGHAI

201306

(City)

(State)

(Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Intchains Group Ltd [ ICG ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Ordinary Shares	05/06/2026		A		23,622	A	$0.00⁽¹⁾	23,622	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. On May 6, 2026, the Issuer granted to the Reporting Person 23,622 fully-vested Class A Ordinary Shares pursuant to the Issuer's 2022 Share Incentive Plan, representing a fixed value of US$30,000 divided by the deemed closing price of the Issuer's Class A Ordinary Shares as of May 5, 2026. The shares are subject to a sixmonth lock-up period from the award date and constitute "control securities" under Rule 144.

	/s/ Lee Conway Kong Wai	05/07/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Intchains Group Ltd (ICG) report for Conway Kong Wai Lee?

Intchains reported that director Conway Kong Wai Lee received a grant of 23,622 fully-vested Class A Ordinary Shares as compensation. The award was made on May 6, 2026 under the company’s 2022 Share Incentive Plan and is classified as a non-cash acquisition.

Are the granted Intchains (ICG) shares immediately tradable by the director?

No, the granted shares are not immediately tradable. The 23,622 Class A Ordinary Shares are subject to a six-month lock-up period from the award date and are characterized as “control securities” under Rule 144, which may further affect resale conditions.

How many Intchains (ICG) shares does the director hold after this Form 4 transaction?

After the transaction, the director directly holds 23,622 Class A Ordinary Shares. This entire amount reflects the new grant reported, as the total shares following the transaction equals the number of shares awarded in this compensation grant.

Under which plan were the Intchains (ICG) shares granted to the director?

The shares were granted under Intchains Group Ltd’s 2022 Share Incentive Plan. On May 6, 2026, the company issued 23,622 fully-vested Class A Ordinary Shares to the director as a fixed-value award of US$30,000 pursuant to this compensation plan.