BeOne Medicines (ONC) GC sells ADS to satisfy RSU tax obligations
Rhea-AI Filing Summary
BeOne Medicines Ltd. SVP and General Counsel Lee Chan Henry reported a sale of 1,044 American Depositary Shares on July 30, 2026 at $323.69 per ADS. The sale was executed under a mandatory tax-withholding provision tied to vesting of a restricted share unit award. Each ADS represents 13 ordinary shares, and following the transaction he directly holds 325,312 ordinary shares. The RSU award vests 1/4 of the securities on each anniversary of July 29, 2022, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,044 shares
Net Sell
2 txns
Insider
Lee Chan Henry
Role
SVP, General Counsel
Sold
1,044 shs ($338K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | American Depositary Shares F1, F2 | 1,044 | $323.69 | $338K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
American Depositary Shares — 0 shares (Direct);
Ordinary Shares — 325,312 shares (Direct)
Footnotes (2)
- F1. Each American Depositary Share represents 13 Ordinary Shares.
- F2. 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 July 29, 2022, subject to continued service. Unvested securities are subject to accelerated vesting upon certain termination events.
Key Figures
ADS sold: 1,044 American Depositary Shares
Sale price per ADS: $323.69
ADS-to-ordinary share ratio: 13 ordinary shares per ADS
+2 more
5 metrics
ADS sold
1,044 American Depositary Shares
Sale reported on July 30, 2026 by SVP and General Counsel
Sale price per ADS
$323.69
Price per American Depositary Share in the July 30, 2026 sale
ADS-to-ordinary share ratio
13 ordinary shares per ADS
Each American Depositary Share represents 13 Ordinary Shares
Ordinary shares held after transaction
325,312 ordinary shares
Direct ownership reported following the transactions
RSU vesting schedule
1/4 on each anniversary of July 29, 2022
Vesting terms for the restricted share unit award, subject to continued service
Key Terms
American Depositary Share, restricted share unit, mandatory tax withholding, accelerated vesting
4 terms
mandatory tax withholding financial
"The sale was effected pursuant to a mandatory tax withholding provision"
accelerated vesting financial
"Unvested securities are subject to accelerated vesting upon certain termination events"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BeOne Medicines (ONC) report in this Form 4?
BeOne Medicines reported that SVP and General Counsel Lee Chan Henry sold 1,044 American Depositary Shares on July 30, 2026 at $323.69 per ADS. The transaction was linked to tax withholding on a vesting restricted share unit award, not a discretionary open-market sale.
Why did Lee Chan Henry sell BeOne Medicines (ONC) ADS in this filing?
The 1,044 ADS sale was executed under a mandatory tax withholding provision in his restricted share unit award agreement. Shares were sold to satisfy tax obligations arising from RSU vesting, rather than as a voluntary portfolio reallocation or discretionary share sale.
Was the BeOne Medicines (ONC) insider sale made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked as an affirmatively adopted plan. Instead, the filing specifies the sale occurred under a mandatory tax withholding provision associated with a restricted share unit award, rather than a discretionary preset trading program.