BeOne Medicines (ONC) SVP sells ADS to cover RSU tax obligations
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
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | American Depositary Shares | 711 | $270.2362 | $192K |
| Sale | American Depositary Shares | 160 | $271.2575 | $43K |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (4)
- F1. Each American Depositary Share represents 13 Ordinary Shares.
- F2. 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.
- F3. 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.
- F4. 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
Key Terms
mandatory tax withholding provision financial
weighted average price financial
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