BeOne Medicines (ONC) COO’s 1,484-ADS sale tied to RSU tax withholding
Rhea-AI Filing Summary
BeOne Medicines Ltd. President and COO Wu Xiaobin reported selling 1,484 American Depositary Shares on June 8, 2026 in open-market transactions at prices of $270.55 and a weighted average of $269.3325 per ADS. According to the filing, the sale was effected under a mandatory tax withholding provision tied to the vesting of a restricted share unit award granted to him.
Following these transactions, he holds 40 American Depositary Shares directly, 4,000 American Depositary Shares indirectly through his wife, and 1,197,713 ordinary shares, which include 481 ordinary shares acquired through the company’s 2018 Employee Share Purchase Plan. Each ADS represents 13 ordinary shares.
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Insights
Small open-market sale tied to RSU tax withholding; overall position remains large.
The President and COO of BeOne Medicines Ltd., Wu Xiaobin, reported selling 1,484 American Depositary Shares on June 8, 2026. The filing notes these sales were executed under a mandatory tax withholding provision related to the vesting of a restricted share unit award, indicating a compensation-driven, mechanistic transaction.
Open-market sales usually draw attention, but tax-related dispositions are generally weaker signals of management’s view on the stock. Post-transaction, Wu still holds 40 ADS directly, 4,000 ADS indirectly via his wife, and 1,197,713 ordinary shares, so the disclosed sale is small relative to his remaining equity exposure.
The footnotes further clarify that each ADS equals 13 ordinary shares and that 481 ordinary shares came from the company’s 2018 Employee Share Purchase Plan. Subsequent filings may provide additional updates as future RSU tranches vest under the award’s schedule.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | American Depositary Shares | 1,444 | $269.3325 | $389K |
| Sale | American Depositary Shares | 40 | $270.55 | $11K |
| holding | Ordinary Shares | -- | -- | -- |
| holding | American Depositary Shares | -- | -- | -- |
| holding | American Depositary Shares | -- | -- | -- |
Footnotes (1)
- Includes 481 ordinary shares acquired pursuant to the Company's Fifth Amended and Restated 2018 Employee Share Purchase Plan. Each American Depositary Share represents 13 Ordinary Shares. The sale was effected pursuant to a mandatory tax withholding provision in the Reporting Person's restricted share unit award agreement in connection with the vesting of a restricted share unit award previously granted to the Reporting Person. 1/4th of the securities will vest on each anniversary of June 5, 2024, subject to continued service. Unvested securities are subject to accelerated vesting upon certain termination events following a change in control. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $268.88 to $269.75, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of American Depositary Shares sold at each separate price.