BeOne Medicines (ONC) SVP sells ADS to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BeOne Medicines Ltd. reported that SVP and General Counsel Henry Lee Chan disposed of American Depositary Shares mainly to satisfy tax obligations tied to vesting equity awards. On June 8, 2026, he sold a total of 871 American Depositary Shares in open-market transactions at weighted average prices around $270–$271 per ADS, pursuant to a mandatory tax withholding provision in his restricted share unit agreement.
Each American Depositary Share represents 13 Ordinary Shares. After these transactions, he continued to hold 307,047 Ordinary Shares directly, indicating he retains a substantial equity position in the company while using a portion of vested shares to cover tax requirements.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 871 shares ($235,539)
Net Sell
3 txns
Insider
Lee Chan Henry
Role
SVP, General Counsel
Sold
871 shs ($236K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | American Depositary Shares | 711 | $270.2362 | $192K |
| Sale | American Depositary Shares | 160 | $271.2575 | $43K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
American Depositary Shares — 160 shares (Direct, null);
Ordinary Shares — 307,047 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 5, 2024, subject to continued service. Unvested securities are subject to accelerated vesting upon certain termination events following a change in control. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $269.90 to $270.86, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $271.00 to $271.43, 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.
Key Figures
ADS sold: 871 American Depositary Shares
Weighted average sale price (block 1): $270.2362 per ADS
Weighted average sale price (block 2): $271.2575 per ADS
+2 more
5 metrics
ADS sold
871 American Depositary Shares
Total ADS disposed on June 8, 2026
Weighted average sale price (block 1)
$270.2362 per ADS
Sale of 711 ADS on June 8, 2026
Weighted average sale price (block 2)
$271.2575 per ADS
Sale of 160 ADS on June 8, 2026
Post-transaction Ordinary Shares
307,047 Ordinary Shares
Direct holdings after transactions
ADS to Ordinary Share ratio
1 ADS = 13 Ordinary Shares
Equity structure as described in footnote
Key Terms
American Depositary Shares, mandatory tax withholding provision, restricted share unit award, weighted average price
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"
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.