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[6-K] Lotus Technology Inc. American Current Report (Foreign Issuer)

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6-K
Rhea-AI Filing Summary

On 06/30/2025, Arvinas, Inc. (ARVN) filed a Form 4 disclosing equity awards granted to director Sunil Agarwal on 06/25/2025. The filing reports two separate awards:

  • 16,025 Restricted Stock Units (RSUs) acquired at no cost. Each RSU converts into one common share once vested. Vesting occurs in full on the earlier of 25 Jun 2026 or the first board meeting following the next annual shareholder meeting, contingent on the director’s continued service.
  • 23,105 stock options carrying a $7.80 exercise price and expiring 24 Jun 2035. These options follow the same one-year cliff vesting schedule as the RSUs.

No shares were sold or disposed of in this transaction. Following the grant, Agarwal’s direct beneficial ownership stands at 30,166 common shares, in addition to the newly issued 23,105 options.

The transaction was coded “A” (acquisition) and carried out for no cash consideration, indicating a routine director compensation grant rather than open-market activity.

Il 30/06/2025, Arvinas, Inc. (ARVN) ha presentato un Modulo 4 che rende note le assegnazioni di azioni concesse al direttore Sunil Agarwal il 25/06/2025. La comunicazione riporta due diverse assegnazioni:

  • 16.025 Unità di Azioni Restrittive (RSU) acquisite senza alcun costo. Ogni RSU si trasforma in una azione ordinaria una volta maturata. Il vesting avviene integralmente alla data anticipata tra il 25 giugno 2026 o la prima riunione del consiglio successiva all’assemblea annuale degli azionisti, subordinato alla continuazione del servizio del direttore.
  • 23.105 opzioni su azioni con prezzo di esercizio di 7,80 $ e scadenza il 24 giugno 2035. Queste opzioni seguono lo stesso calendario di vesting con cliff di un anno delle RSU.

Non sono state vendute o cedute azioni in questa operazione. Dopo l’assegnazione, la proprietà diretta di Agarwal ammonta a 30.166 azioni ordinarie, oltre alle 23.105 opzioni appena emesse.

L’operazione è stata codificata come “A” (acquisizione) ed effettuata senza alcun corrispettivo in contanti, indicando un’assegnazione di compenso ordinaria per il direttore e non un’attività di mercato aperto.

El 30/06/2025, Arvinas, Inc. (ARVN) presentó un Formulario 4 revelando premios de acciones otorgados al director Sunil Agarwal el 25/06/2025. El informe detalla dos premios separados:

  • 16,025 Unidades Restringidas de Acciones (RSU) adquiridas sin costo alguno. Cada RSU se convierte en una acción común una vez que se consolida. La consolidación ocurre en su totalidad en la fecha anterior entre el 25 de junio de 2026 o la primera reunión del consejo después de la próxima junta anual de accionistas, condicionado al servicio continuo del director.
  • 23,105 opciones sobre acciones con un precio de ejercicio de $7.80 y que vencen el 24 de junio de 2035. Estas opciones siguen el mismo calendario de consolidación con periodo inicial de un año que las RSU.

No se vendieron ni dispusieron acciones en esta transacción. Tras la concesión, la propiedad directa de Agarwal es de 30,166 acciones comunes, además de las 23,105 opciones recién emitidas.

La transacción se codificó como “A” (adquisición) y se realizó sin contraprestación en efectivo, indicando una concesión rutinaria de compensación para el director en lugar de una actividad en el mercado abierto.

2025년 6월 30일, Arvinas, Inc. (ARVN)는 2025년 6월 25일 이사 Sunil Agarwal에게 부여된 주식 보상 내역을 공개하는 Form 4를 제출했습니다. 해당 보고서에는 두 가지 별도의 보상이 포함되어 있습니다:

  • 16,025 제한 주식 단위(RSU)가 무상으로 취득되었습니다. 각 RSU는 권리가 확정되면 보통주 1주로 전환됩니다. 권리 확정은 2026년 6월 25일 또는 다음 연례 주주총회 이후 첫 이사회 회의 중 빠른 날짜에 전액 이루어지며, 이사의 계속 근무를 조건으로 합니다.
  • 23,105 주식 매수선택권은 행사가격 $7.80이며 만료일은 2035년 6월 24일입니다. 이 옵션은 RSU와 동일한 1년 클리프 베스팅 일정에 따릅니다.

이번 거래에서는 주식이 매도되거나 처분되지 않았습니다. 부여 후 Agarwal의 직접 보유 주식은 30,166 보통주이며, 새로 발행된 23,105 옵션이 추가로 있습니다.

거래는 “A”(취득)로 분류되었으며 현금 대가 없이 이루어져, 공개 시장 활동이 아닌 이사 보상용 보통 할당임을 나타냅니다.

Le 30/06/2025, Arvinas, Inc. (ARVN) a déposé un formulaire 4 divulguant des attributions d’actions accordées au directeur Sunil Agarwal le 25/06/2025. Le dépôt rapporte deux attributions distinctes :

  • 16 025 unités d’actions restreintes (RSU) acquises sans frais. Chaque RSU se convertit en une action ordinaire une fois acquise. L’acquisition complète intervient à la date la plus proche entre le 25 juin 2026 ou la première réunion du conseil suivant la prochaine assemblée annuelle des actionnaires, sous réserve du maintien du service du directeur.
  • 23 105 options d’achat d’actions avec un prix d’exercice de 7,80 $ et expirant le 24 juin 2035. Ces options suivent le même calendrier d’acquisition avec une période d’attente d’un an que les RSU.

Aucune action n’a été vendue ou cédée dans cette transaction. Suite à l’attribution, la détention directe d’Agarwal s’élève à 30 166 actions ordinaires, en plus des 23 105 options nouvellement émises.

La transaction a été codée « A » (acquisition) et réalisée sans contrepartie en espèces, indiquant une attribution de rémunération habituelle pour le directeur plutôt qu’une activité sur le marché ouvert.

Am 30.06.2025 reichte Arvinas, Inc. (ARVN) ein Formular 4 ein, das Aktienzuteilungen an den Direktor Sunil Agarwal vom 25.06.2025 offenlegt. Die Meldung berichtet über zwei separate Zuteilungen:

  • 16.025 Restricted Stock Units (RSUs), die kostenlos erworben wurden. Jede RSU wandelt sich nach der Vesting-Periode in eine Stammaktie um. Das Vesting erfolgt vollständig zum früheren Zeitpunkt des 25. Juni 2026 oder der ersten Vorstandssitzung nach der nächsten jährlichen Hauptversammlung, vorausgesetzt der Direktor bleibt im Dienst.
  • 23.105 Aktienoptionen mit einem Ausübungspreis von 7,80 $ und Ablaufdatum 24. Juni 2035. Diese Optionen folgen dem gleichen Einjahres-Cliff-Vesting-Zeitplan wie die RSUs.

Im Rahmen dieser Transaktion wurden keine Aktien verkauft oder veräußert. Nach der Zuteilung hält Agarwal direkt 30.166 Stammaktien sowie die neu ausgegebenen 23.105 Optionen.

Die Transaktion wurde als „A“ (Erwerb) codiert und ohne Barzahlung durchgeführt, was auf eine routinemäßige Vergütung für den Direktor und nicht auf eine Aktivität am offenen Markt hinweist.

Positive
  • None.
Negative
  • None.

Insights

Routine director equity grant; neutral market impact.

Arvinas’ Form 4 reflects a standard annual compensation package: 16,025 RSUs and 23,105 ten-year options for director Sunil Agarwal. The awards align incentives but involve no cash outlay or open-market buying, so they provide limited insight into the director’s view on valuation. The total shares involved are immaterial relative to Arvinas’ outstanding stock, and the one-year cliff vesting encourages service continuity through the next shareholder meeting. Overall, this is a customary governance action with negligible effect on ownership concentration or control.

No insider selling; ownership rises modestly.

The disclosure shows an increase in Agarwal’s stake to 30,166 shares plus 23,105 options, with no shares sold. While the absence of selling is mildly reassuring, the equity was granted—not purchased—so it does not reflect incremental capital commitment. The $7.80 exercise price is well below prevailing market levels, giving in-the-money optionality but little new information for valuation analysis. I classify this event as routine and not materially impactful to the ARVN investment thesis.

Il 30/06/2025, Arvinas, Inc. (ARVN) ha presentato un Modulo 4 che rende note le assegnazioni di azioni concesse al direttore Sunil Agarwal il 25/06/2025. La comunicazione riporta due diverse assegnazioni:

  • 16.025 Unità di Azioni Restrittive (RSU) acquisite senza alcun costo. Ogni RSU si trasforma in una azione ordinaria una volta maturata. Il vesting avviene integralmente alla data anticipata tra il 25 giugno 2026 o la prima riunione del consiglio successiva all’assemblea annuale degli azionisti, subordinato alla continuazione del servizio del direttore.
  • 23.105 opzioni su azioni con prezzo di esercizio di 7,80 $ e scadenza il 24 giugno 2035. Queste opzioni seguono lo stesso calendario di vesting con cliff di un anno delle RSU.

Non sono state vendute o cedute azioni in questa operazione. Dopo l’assegnazione, la proprietà diretta di Agarwal ammonta a 30.166 azioni ordinarie, oltre alle 23.105 opzioni appena emesse.

L’operazione è stata codificata come “A” (acquisizione) ed effettuata senza alcun corrispettivo in contanti, indicando un’assegnazione di compenso ordinaria per il direttore e non un’attività di mercato aperto.

El 30/06/2025, Arvinas, Inc. (ARVN) presentó un Formulario 4 revelando premios de acciones otorgados al director Sunil Agarwal el 25/06/2025. El informe detalla dos premios separados:

  • 16,025 Unidades Restringidas de Acciones (RSU) adquiridas sin costo alguno. Cada RSU se convierte en una acción común una vez que se consolida. La consolidación ocurre en su totalidad en la fecha anterior entre el 25 de junio de 2026 o la primera reunión del consejo después de la próxima junta anual de accionistas, condicionado al servicio continuo del director.
  • 23,105 opciones sobre acciones con un precio de ejercicio de $7.80 y que vencen el 24 de junio de 2035. Estas opciones siguen el mismo calendario de consolidación con periodo inicial de un año que las RSU.

No se vendieron ni dispusieron acciones en esta transacción. Tras la concesión, la propiedad directa de Agarwal es de 30,166 acciones comunes, además de las 23,105 opciones recién emitidas.

La transacción se codificó como “A” (adquisición) y se realizó sin contraprestación en efectivo, indicando una concesión rutinaria de compensación para el director en lugar de una actividad en el mercado abierto.

2025년 6월 30일, Arvinas, Inc. (ARVN)는 2025년 6월 25일 이사 Sunil Agarwal에게 부여된 주식 보상 내역을 공개하는 Form 4를 제출했습니다. 해당 보고서에는 두 가지 별도의 보상이 포함되어 있습니다:

  • 16,025 제한 주식 단위(RSU)가 무상으로 취득되었습니다. 각 RSU는 권리가 확정되면 보통주 1주로 전환됩니다. 권리 확정은 2026년 6월 25일 또는 다음 연례 주주총회 이후 첫 이사회 회의 중 빠른 날짜에 전액 이루어지며, 이사의 계속 근무를 조건으로 합니다.
  • 23,105 주식 매수선택권은 행사가격 $7.80이며 만료일은 2035년 6월 24일입니다. 이 옵션은 RSU와 동일한 1년 클리프 베스팅 일정에 따릅니다.

이번 거래에서는 주식이 매도되거나 처분되지 않았습니다. 부여 후 Agarwal의 직접 보유 주식은 30,166 보통주이며, 새로 발행된 23,105 옵션이 추가로 있습니다.

거래는 “A”(취득)로 분류되었으며 현금 대가 없이 이루어져, 공개 시장 활동이 아닌 이사 보상용 보통 할당임을 나타냅니다.

Le 30/06/2025, Arvinas, Inc. (ARVN) a déposé un formulaire 4 divulguant des attributions d’actions accordées au directeur Sunil Agarwal le 25/06/2025. Le dépôt rapporte deux attributions distinctes :

  • 16 025 unités d’actions restreintes (RSU) acquises sans frais. Chaque RSU se convertit en une action ordinaire une fois acquise. L’acquisition complète intervient à la date la plus proche entre le 25 juin 2026 ou la première réunion du conseil suivant la prochaine assemblée annuelle des actionnaires, sous réserve du maintien du service du directeur.
  • 23 105 options d’achat d’actions avec un prix d’exercice de 7,80 $ et expirant le 24 juin 2035. Ces options suivent le même calendrier d’acquisition avec une période d’attente d’un an que les RSU.

Aucune action n’a été vendue ou cédée dans cette transaction. Suite à l’attribution, la détention directe d’Agarwal s’élève à 30 166 actions ordinaires, en plus des 23 105 options nouvellement émises.

La transaction a été codée « A » (acquisition) et réalisée sans contrepartie en espèces, indiquant une attribution de rémunération habituelle pour le directeur plutôt qu’une activité sur le marché ouvert.

Am 30.06.2025 reichte Arvinas, Inc. (ARVN) ein Formular 4 ein, das Aktienzuteilungen an den Direktor Sunil Agarwal vom 25.06.2025 offenlegt. Die Meldung berichtet über zwei separate Zuteilungen:

  • 16.025 Restricted Stock Units (RSUs), die kostenlos erworben wurden. Jede RSU wandelt sich nach der Vesting-Periode in eine Stammaktie um. Das Vesting erfolgt vollständig zum früheren Zeitpunkt des 25. Juni 2026 oder der ersten Vorstandssitzung nach der nächsten jährlichen Hauptversammlung, vorausgesetzt der Direktor bleibt im Dienst.
  • 23.105 Aktienoptionen mit einem Ausübungspreis von 7,80 $ und Ablaufdatum 24. Juni 2035. Diese Optionen folgen dem gleichen Einjahres-Cliff-Vesting-Zeitplan wie die RSUs.

Im Rahmen dieser Transaktion wurden keine Aktien verkauft oder veräußert. Nach der Zuteilung hält Agarwal direkt 30.166 Stammaktien sowie die neu ausgegebenen 23.105 Optionen.

Die Transaktion wurde als „A“ (Erwerb) codiert und ohne Barzahlung durchgeführt, was auf eine routinemäßige Vergütung für den Direktor und nicht auf eine Aktivität am offenen Markt hinweist.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2025

 

Commission File Number: 001-41970

 

 

 

Lotus Technology Inc.

(Translation of registrant’s name into English)

 

 

 

No. 800 Century Avenue

Pudong District, Shanghai, People’s Republic of China

(Address of principal executive office)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x      Form 40-F ¨

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

 

Change of Board Directors

 

Mr. Alexious Kuen Long Lee has tendered his resignation from the board of directors of the Company, effective June 30, 2025.

 

The board of directors of the Company has appointed Jim Rowan as a director effective June 30, 2025.

 

Jim Rowan has over three decades of global experience in auto, consumer and technology sectors, delivering strong growth and profitability through transformation strategies and customer engagement. He served as CEO and President of Volvo Cars from 2022 to 2025, and was a board member at Polestar and Lynk&Co. Before joining Volvo Cars, Jim served as CEO of Dyson, where he was also a board member from 2012 to 2020. Prior to Dyson, he was COO of BlackBerry. Jim also served as a board member for Henkel GmbH, and sat on the industrial advisory board of Nanyang Technology University.

 

Jim holds an MSc in Business with Supply Chain Management and Logistics from Northumbria University, UK. He was awarded an Honorary Doctorate of Engineering from Glasgow Caledonian University, and an Honorary Doctorate of Science from Norhumbria University.

 

This current report on Form 6-K is incorporated by reference into the post-effective amendment No. 3 to the registration statement on Form F-1 on Form F-3 (File No. 333-279108) and the post-effective amendment No. 2 to the registration statement on Form F-1 on Form F-3 (File No. 333-282217) and shall be a part of such registration statements from the date on which this current report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Lotus Technology Inc.

 

  By  : /s/ Daxue Wang
  Name : Daxue Wang
  Title : Chief Financial Officer

 

Date: June 30, 2025

 

 

 

FAQ

How many ARVN shares did director Sunil Agarwal acquire in the Form 4?

16,025 restricted stock units (RSUs) were granted to Sunil Agarwal on 06/25/2025, each convertible into one common share.

What derivative securities were issued to Sunil Agarwal by Arvinas?

He received 23,105 stock options with a $7.80 exercise price, expiring on 06/24/2035.

When do the RSUs and options granted to Sunil Agarwal vest?

Both awards vest in full on the earlier of 25 Jun 2026 or the first board meeting after the next annual shareholder meeting, subject to continued service.

What is Sunil Agarwal’s total direct ownership after the reported transaction?

Following the grant, he directly owns 30,166 ARVN common shares plus the newly granted 23,105 options.

Did the Form 4 report any insider sales of ARVN stock?

No. All reported transactions were coded "A" for acquisition; there were no disposals or sales.
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