[Form 4] BeOne Medicines Ltd. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BeOne Medicines Ltd. President and COO Wu Xiaobin reported an open-market sale of 1,357 American Depositary Shares (ADS) at a weighted average price of $266.7626 per ADS. The footnotes state this sale was mandated by a tax withholding provision tied to the vesting of a restricted share unit (RSU) award previously granted to him.
Each ADS represents 13 ordinary shares. Following the transaction, Wu holds 12,365 ADS directly, 4,000 ADS indirectly through his wife, and 1,290,520 ordinary shares directly, indicating he retains a substantial equity position. The RSU award vests in four equal annual installments on each anniversary of June 15, 2023, with unvested units subject to accelerated vesting upon certain termination events.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,357 shares ($361,997)
Net Sell
4 txns
Insider
Wu Xiaobin
Role
President and COO
Sold
1,357 shs ($362K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | American Depositary Shares | 1,357 | $266.7626 | $362K |
| holding | Ordinary Shares | -- | -- | -- |
| holding | American Depositary Shares | -- | -- | -- |
| holding | American Depositary Shares | -- | -- | -- |
Holdings After Transaction:
American Depositary Shares — 0 shares (Direct, null);
Ordinary Shares — 1,290,520 shares (Direct, null);
American Depositary Shares — 4,000 shares (Indirect, By Wife)
Footnotes (1)
- 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 15, 2023, subject to continued service. Unvested securities are subject to accelerated vesting upon certain termination events. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $266.4658 to $266.8575, 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.
