BeOne Medicines (ONC) SVP covers tax withholding with 590 ADS sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BeOne Medicines Ltd. executive Henry Lee Chan reported an automated sale of American Depositary Shares to satisfy tax obligations tied to restricted share unit vesting. He sold 590 American Depositary Shares at $265.975 each, representing 13 ordinary shares per ADS, and now directly holds 338,884 Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 590 shares ($156,925)
Net Sell
2 txns
Insider
Lee Chan Henry
Role
SVP, General Counsel
Sold
590 shs ($157K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | American Depositary Shares | 590 | $265.975 | $157K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
American Depositary Shares — 0 shares (Direct, null);
Ordinary Shares — 338,884 shares (Direct, null)
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.
Key Figures
ADS sold: 590 ADS
Sale price per ADS: $265.975 per ADS
Ordinary shares held after: 338,884 Ordinary Shares
+2 more
5 metrics
ADS sold
590 ADS
Open-market sale on 2026-06-16 linked to tax withholding
Sale price per ADS
$265.975 per ADS
Price for 590 American Depositary Shares sold
Ordinary shares held after
338,884 Ordinary Shares
Direct holdings following reported transactions
ADS-to-Ordinary ratio
13 Ordinary Shares per ADS
Conversion ratio disclosed in footnote
Net ADS share change
-590 ADS
Net buy/sell shares in transaction summary
Key Terms
American Depositary Shares, 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 in the Reporting Person's restricted share unit award agreement"
accelerated vesting financial
"Unvested securities are subject to accelerated vesting upon certain termination events."
FAQ
What insider transaction did BeOne Medicines (ONC) report for Henry Lee Chan?
BeOne Medicines reported that SVP and General Counsel Henry Lee Chan sold 590 American Depositary Shares. The transaction was linked to tax withholding on vested restricted share units rather than a discretionary open-market sale.
At what price were the BeOne Medicines (ONC) ADS sold in this Form 4?
The 590 American Depositary Shares were sold at $265.975 per share. This price applied to the mandatory sale used to cover tax withholding arising from the vesting of a restricted share unit award.
Was the BeOne Medicines (ONC) insider sale part of routine tax withholding?
Yes. The Form 4 footnote states the sale was effected under a mandatory tax withholding provision in Henry Lee Chan’s restricted share unit award, in connection with the vesting of that award rather than discretionary selling.
How many BeOne Medicines (ONC) ADS did Henry Lee Chan hold after the sale?
Following the transaction, Henry Lee Chan held zero American Depositary Shares. The Form 4 shows total ADS holdings after the sale as 0.0000, while he continues to hold Ordinary Shares directly.