BeOne Medicines (ONC) director sells ADS to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BeOne Medicines Ltd. director Alessandro Riva reported a small tax‑related share sale. On 2026-05-22, he sold 212 American Depositary Shares of BeOne Medicines in an open-market transaction at an average price of $309.5142 per ADS. A footnote explains the sale was mandated under a tax withholding provision tied to the vesting of a restricted share unit award, meaning it was executed to cover tax obligations rather than as a discretionary portfolio move. Each American Depositary Share represents 13 Ordinary Shares. After these transactions, a holding entry shows Riva with 54,184 Ordinary Shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 212 shares ($65,617)
Net Sell
2 txns
Insider
Riva Alessandro
Role
null
Sold
212 shs ($66K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | American Depositary Shares | 212 | $309.5142 | $66K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
American Depositary Shares — 0 shares (Direct, null);
Ordinary Shares — 54,184 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. The restricted share units shall become fully vested on the earlier to occur of the first anniversary of the grant date or the date of the next annual general meeting; provided, however, that all vesting shall cease if the director resigns from the board of directors or otherwise ceases to serve as a director, unless the board determines otherwise. Unvested securities are subject to accelerated vesting upon a change in control or certain termination events.
Key Figures
ADS sold: 212 American Depositary Shares
Sale price per ADS: $309.5142 per ADS
Ordinary Shares held: 54,184 Ordinary Shares
+1 more
4 metrics
ADS sold
212 American Depositary Shares
Open-market sale on 2026-05-22
Sale price per ADS
$309.5142 per ADS
Mandatory tax withholding sale
Ordinary Shares held
54,184 Ordinary Shares
Direct holdings following reported activity
ADS to Ordinary Share ratio
1 ADS = 13 Ordinary Shares
Equity structure as disclosed in footnote
Key Terms
American Depositary Shares, restricted share unit, mandatory tax withholding provision, change in control
4 terms
mandatory tax withholding provision financial
"The sale was effected pursuant to a mandatory tax withholding provision in the Reporting Person's restricted share unit award agreement."
change in control financial
"Unvested securities are subject to accelerated vesting upon a change in control or certain termination events."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What insider transaction did BeOne Medicines (ONC) director Alessandro Riva report?
Director Alessandro Riva reported selling 212 American Depositary Shares of BeOne Medicines. The sale was executed in connection with tax withholding on a vesting restricted share unit award, rather than as a discretionary portfolio sale, according to the filing’s footnotes.
At what price did Alessandro Riva’s BeOne Medicines (ONC) ADS transaction occur?
The reported transaction in BeOne Medicines American Depositary Shares occurred at an average price of $309.5142 per ADS. This price reflects the execution level for the mandatory tax withholding sale tied to the vesting of a restricted share unit award.
Was Alessandro Riva’s BeOne Medicines (ONC) sale part of tax withholding?
Yes. A footnote states the ADS sale was effected under a mandatory tax withholding provision in Riva’s restricted share unit award agreement, in connection with vesting, indicating the transaction was driven by tax obligations rather than a discretionary decision to sell.
What ongoing equity exposure does Alessandro Riva report in BeOne Medicines (ONC)?
Following the reported activity, a holding line shows Alessandro Riva with 54,184 Ordinary Shares of BeOne Medicines held directly. This reflects his continuing equity exposure separate from the small ADS sale used to satisfy tax withholding on a vesting RSU grant.