Perfect Corp. director Tsao disposes of 5,311 shares

Tsao will no longer report transactions in Perfect Corp. equity under Section 16.

Rhea-AI Filing Summary

Perfect Corp. director Philip Tsao reported a share disposition and an option cancellation on October 23, 2026, in connection with the going-private transaction. Perfect AA Corp., through which Tsao held the shares, disposed of 5,311 Class A Ordinary Shares for $2.00 per share in cash. Tsao's 26,556 stock options were canceled; their $3.95 exercise price exceeded the $2.00-per-share merger consideration, so they received no consideration. The reported post-transaction positions were 0 shares and 0 options.

Insider Trade Summary

Other: 31,867 shares

Other 2 txns

Insider Tsao Philip

Role Director

Type	Security	Shares	Price	Value
Other	Stock Options F3, F4	26,556	--	--
Other	Class A Ordinary Shares F1, F2	5,311	--	--

Holdings After Transaction: Stock Options — 0 contracts (Direct); Class A Ordinary Shares — 0 shares (Indirect, By Perfect AA Corp.)

Footnotes (4)

1. F1. Disposed of pursuant to the going-private transaction involving the issuer in exchange for $2.00 per share in cash.
2. F2. The reporting person holds these Class A Ordinary Shares through the entity Perfect AA Corp.
3. F3. Canceled pursuant to the going-private transaction involving the issuer, pursuant to which all outstanding options of the issuer were canceled in exchange for an amount equal in cash to the number of shares subject to each option times the excess, if any, of the merger consideration ($2.00 per share) over the applicable exercise price of that option (or for no consideration if the exercise price equaled or exceeded $2.00 per share).
4. F4. The stock options became exercisable as to 13,278 Class A Ordinary shares on January 21, 2024, 6,639 Class A Ordinary shares on January 21, 2025, and 6,639 Class A Ordinary shares on January 21, 2026.

Key Figures

Class A Ordinary Shares disposed: 5,311 shares Cash consideration per share: $2.00 per share Stock options canceled: 26,556 options +3 more

6 metrics

Class A Ordinary Shares disposed 5,311 shares Held through Perfect AA Corp.; October 23, 2026

Cash consideration per share $2.00 per share For shares disposed in the going-private transaction

Stock options canceled 26,556 options October 23, 2026

Option exercise price $3.95 per share For the canceled stock options

Shares after transaction 0 shares Reported for shares held through Perfect AA Corp.

Options after transaction 0 options Reported following cancellation

Key Terms

going-private transaction, merger consideration, Section 16

3 terms

going-private transaction financial

"pursuant to the going-private transaction involving the issuer"

A going-private transaction is when a company’s publicly traded shares are bought out so the company is no longer listed on a stock exchange, usually by private investors or existing management. For investors it matters because public shareholders typically receive cash or other compensation and lose future public trading liquidity; the deal often includes a premium over the market price and signals a major strategic shift in how the business will be run.

merger consideration financial

"the merger consideration ($2.00 per share)"

Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.

Section 16 regulatory

"no longer subject to Section 16"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many PERF shares did Philip Tsao dispose of?

Perfect AA Corp., through which director Philip Tsao held the shares, disposed of 5,311 Class A Ordinary Shares on October 23, 2026, for $2.00 per share in cash in the going-private transaction.

What happened to Philip Tsao's PERF stock options?

Tsao's 26,556 stock options were canceled in the going-private transaction. Their $3.95 exercise price exceeded the $2.00-per-share merger consideration, so the options received no consideration.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/26/2026 - 04:17 PM EDT Accepted by SEC EDGAR 10/26/2026 - 04:17 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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

X

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^*

Tsao Philip

(Last) (First) (Middle)

C/O PERFECT CORP.

14F, NO. 98 MINQUAN RD, XINDIAN DISTRICT

(Street)

NEW TAIPEI CITY 231

(City) (State) (Zip)

TAIWAN

(Country)

2. Issuer Name and Ticker or Trading Symbol
Perfect Corp. [ PERF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Ordinary Shares	10/23/2026		J(1)		5,311	D	(1)	0	I	By Perfect AA Corp.(2)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$3.95	10/23/2026		J(3)			26,556	(4)	01/20/2027	Class A Ordinary Shares	26,556	(3)	0	D

Explanation of Responses:

1. Disposed of pursuant to the going-private transaction involving the issuer in exchange for $2.00 per share in cash.

2. The reporting person holds these Class A Ordinary Shares through the entity Perfect AA Corp.

3. Canceled pursuant to the going-private transaction involving the issuer, pursuant to which all outstanding options of the issuer were canceled in exchange for an amount equal in cash to the number of shares subject to each option times the excess, if any, of the merger consideration ($2.00 per share) over the applicable exercise price of that option (or for no consideration if the exercise price equaled or exceeded $2.00 per share).

4. The stock options became exercisable as to 13,278 Class A Ordinary shares on January 21, 2024, 6,639 Class A Ordinary shares on January 21, 2025, and 6,639 Class A Ordinary shares on January 21, 2026.

Remarks:

As a result of the going-private transaction involving the issuer, the reporting person is no longer subject to Section 16 in connection with the reporting person's transactions in the equity securities of the issuer and therefore will no longer report any such transactions on Form 4 or Form 5.

	/s/ Hsiao-Chuan (Iris) Chen, as attorney-in-fact	10/26/2026
	** Signature of Reporting Person	Date
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)