Perfect Corp. executive disposes of 69,932 shares

Both reported option tranches had exercise prices above the $2.00 merger consideration and were canceled for no consideration.

Rhea-AI Filing Summary

Perfect Corp. reported that Hsiao-Chuan Chen, its VP & Head of Fin & Acctg, disposed of 69,932 Class A Ordinary Shares on October 23, 2026, in the going-private transaction, in exchange for $2.00 per share in cash. No Rule 10b5-1 plan is reported.

Two option tranches were canceled: 21,245 options with a $3.95 exercise price and 21,250 options with a $4.93 exercise price. The cancellation terms provide cash only for any excess of the $2.00 merger consideration over an option’s exercise price; both listed exercise prices exceed $2.00, so these options were canceled for no consideration.

Insider Trade Summary

Other: 112,427 shares

Other 3 txns

Insider Chen Hsiao-Chuan

Role VP & Head of Fin & Acctg

Type	Security	Shares	Price	Value
Other	Stock Options F2, F3	21,245	--	--
Other	Stock Options F2, F4	21,250	--	--
Other	Class A Ordinary Shares F1	69,932	--	--

Holdings After Transaction: Stock Options — 0 contracts (Direct); Class A Ordinary Shares — 0 shares (Direct)

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. 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).
3. F3. The stock options became exercisable as to 10,622 Class A Ordinary shares on January 21, 2024, 5,311 Class A Ordinary shares on January 21, 2025, and 5,312 Class A Ordinary shares on January 21, 2026.
4. F4. The stock options became exercisable as to 10,625 Class A Ordinary shares on May 23, 2025 and 5,312 Class A Ordinary shares on May 23, 2026. The stock options will become exercisable as to 5,313 Class A Ordinary shares on May 23, 2027.

Key Figures

Class A Ordinary Shares disposed: 69,932 shares Cash consideration per share: $2.00 per share Canceled stock options: 21,245 options +3 more

6 metrics

Class A Ordinary Shares disposed 69,932 shares October 23, 2026; going-private transaction

Cash consideration per share $2.00 per share Class A Ordinary Shares disposed in the going-private transaction

Canceled stock options 21,245 options Exercise price: $3.95 per share; October 23, 2026

Option exercise price $3.95 per share 21,245 canceled stock options

Canceled stock options 21,250 options Exercise price: $4.93 per share; October 23, 2026

Option exercise price $4.93 per share 21,250 canceled stock options

Key Terms

going-private transaction, merger consideration, exercise price, Section 16

4 terms

going-private transaction financial

"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

"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.

exercise price financial

"applicable exercise price"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell 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 Hsiao-Chuan Chen dispose of, and for what consideration?

Hsiao-Chuan Chen disposed of 69,932 Class A Ordinary Shares for $2.00 per share in cash on October 23, 2026, pursuant to Perfect Corp.’s going-private transaction. No Rule 10b5-1 plan is reported.

What happened to Hsiao-Chuan Chen’s Perfect Corp. stock options?

The two reported tranches—21,245 options at a $3.95 exercise price and 21,250 options at a $4.93 exercise price—were canceled in the going-private transaction. Under the stated cancellation terms, options with exercise prices equal to or above the $2.00 merger consideration were canceled for no consideration.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/26/2026 - 04:30 PM EDT Accepted by SEC EDGAR 10/26/2026 - 04:29 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^*

Chen Hsiao-Chuan

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP & Head of Fin & Acctg

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)		69,932	D	(1)	0	D

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(2)			21,245	(3)	01/20/2027	Class A Ordinary Shares	21,245	(2)	0	D
Stock Options	$4.93	10/23/2026		J(2)			21,250	(4)	05/22/2028	Class A Ordinary Shares	21,250	(2)	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. 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).

3. The stock options became exercisable as to 10,622 Class A Ordinary shares on January 21, 2024, 5,311 Class A Ordinary shares on January 21, 2025, and 5,312 Class A Ordinary shares on January 21, 2026.

4. The stock options became exercisable as to 10,625 Class A Ordinary shares on May 23, 2025 and 5,312 Class A Ordinary shares on May 23, 2026. The stock options will become exercisable as to 5,313 Class A Ordinary shares on May 23, 2027.

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/ Pin-Jen (Louis) 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)