Legend Biotech (LEGN) CEO Ying Huang makes charitable gift of 3,382 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Legend Biotech Corp director and CEO Ying Huang reported a charitable stock gift. On this Form 4, Huang made a bona fide gift transfer of 3,382 Ordinary Shares of Legend Biotech Corp to a charitable organization, receiving no cash consideration.
After the gift, Huang directly owns 238,490 Ordinary Shares. The company notes that its Ordinary Shares may be represented by American Depositary Shares, with each ADS representing two Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,382 shares gifted
Mixed
1 txn
Insider
Huang Ying
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Ordinary Shares | 3,382 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 238,490 shares (Direct, null)
Footnotes (1)
- The Ordinary Shares of the Issuer may be represented by American Depositary Shares ("ADSs"). Each ADS represents two ordinary shares of the Issuer. Represents a bone fide gift to a charitable organization.
Key Figures
Shares gifted: 3,382 Ordinary Shares
Shares held after transaction: 238,490 Ordinary Shares
ADS to Ordinary Share ratio: 1 ADS = 2 Ordinary Shares
3 metrics
Shares gifted
3,382 Ordinary Shares
Bona fide gift to a charitable organization
Shares held after transaction
238,490 Ordinary Shares
Direct ownership following gift disposition
ADS to Ordinary Share ratio
1 ADS = 2 Ordinary Shares
Representation of Ordinary Shares by ADSs
Key Terms
bona fide gift, American Depositary Shares, Ordinary Shares
3 terms
bona fide gift financial
"Represents a bone fide gift to a charitable organization."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
FAQ
What insider transaction did Legend Biotech (LEGN) report in this Form 4?
Legend Biotech reported that CEO and director Ying Huang made a bona fide gift of 3,382 Ordinary Shares. The transfer was to a charitable organization and involved no sale proceeds, indicating a non-market, charitable disposition of stock rather than an open-market transaction.
Was cash involved in Ying Huang’s Form 4 transaction for Legend Biotech (LEGN)?
No cash was involved in the Form 4 transaction. The filing classifies the event as a bona fide gift of 3,382 Ordinary Shares at a reported price of $0.00 per share, reflecting a charitable transfer rather than a purchase or sale in the market.
Is the Legend Biotech (LEGN) Form 4 transaction a buy or sell by Ying Huang?
The Form 4 transaction is neither a buy nor a market sale. It is coded as a bona fide gift, described as a gift transfer of 3,382 Ordinary Shares to a charitable organization, so it represents a non-market disposition rather than trading activity by Ying Huang.