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BeOne Medicines (ONC) SVP covers tax withholding with 590 ADS sale

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
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 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)
  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.
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
American Depositary Shares financial
"Each American Depositary Share represents 13 Ordinary Shares."
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
restricted share unit financial
"in connection with the vesting of a restricted share unit award previously granted"
A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.
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."
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lee Chan Henry

(Last)(First)(Middle)
C/O BEONE MEDICINES I GMBH
AESCHENGRABEN 27, 21ST FLOOR

(Street)
BASEL4051

(City)(State)(Zip)

SWITZERLAND

(Country)
2. Issuer Name and Ticker or Trading Symbol
BeOne Medicines Ltd. [ ONC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, General Counsel
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Ordinary Shares338,884D
American Depositary Shares(1)06/16/2026S(2)590D$265.9750D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Each American Depositary Share represents 13 Ordinary Shares.
2. 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.
Remarks:
/s/ Qing Nian, as Attorney-in-Fact06/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.

How many BeOne Medicines (ONC) Ordinary Shares does Henry Lee Chan hold after the transaction?

After the reported transactions, Henry Lee Chan directly holds 338,884 Ordinary Shares. This figure reflects his position following the ADS sale used to cover tax obligations on vested restricted share units.

What is the relationship between BeOne Medicines (ONC) ADS and Ordinary Shares?

Each American Depositary Share of BeOne Medicines represents 13 Ordinary Shares. This ratio is disclosed in the Form 4 footnotes and determines how ADS amounts translate into the equivalent number of Ordinary Shares.

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.