Perfect Corp. cancels CEO options for no consideration

The CEO’s directly held Class A and indirectly beneficially owned Class B shares will remain outstanding after the merger without consideration.

Rhea-AI Filing Summary

Alice Hua-Jen Chang reported disposition transactions in this Form 4 filing. Perfect Corp. reports that Chief Executive Officer Alice Hua-Jen Chang’s stock options covering 194,748 and 194,750 Class A Ordinary Shares were canceled on October 23, 2026, as part of the going-private transaction. The respective exercise prices were $3.95 and $4.93; both options were canceled for no consideration because their exercise prices equaled or exceeded $2.00 per share.

Chang’s directly held Class A Ordinary Shares and Class B Ordinary Shares beneficially owned indirectly through Golden Edge Co., Ltd., DVDonet.com Inc. and World Speed Company Limited are Continuing Shares that will remain outstanding following the merger’s effective time without payment of consideration. As a result of the going-private transaction, she is no longer subject to Section 16 for transactions in the issuer’s equity securities and will no longer report such transactions on Forms 4 or 5.

Insider Trade Summary

Other: 389,498 shares

Other 2 txns

Insider Chang Alice Hua-Jen

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Other	Stock Options F1, F2	194,748	--	--
Other	Stock Options F1, F3	194,750	--	--

Holdings After Transaction: Stock Options — 0 contracts (Direct)

Footnotes (3)

1. F1. Canceled pursuant to the going-private transaction involving the issuer, pursuant to which all outstanding options of the issuer were canceled; this option was canceled for no consideration because its exercise price equaled or exceeded $2.00 per share.
2. F2. The stock options became exercisable as to 97,374 Class A Ordinary shares on January 21, 2024, 48,687 Class A Ordinary shares on January 21, 2025, and 48,687 Class A Ordinary shares on January 21, 2026.
3. F3. The stock options became exercisable as to 97,375 Class A Ordinary shares on May 23, 2025 and 48,687 Class A Ordinary shares on May 23, 2026. The stock options will become exercisable as to 48,688 Class A Ordinary shares on May 23, 2027.

Key Figures

Underlying shares covered by stock options: 194,748 shares Exercise price: $3.95 per share Option expiration date: January 20, 2027 +4 more

7 metrics

Underlying shares covered by stock options 194,748 shares Canceled October 23, 2026; $3.95 exercise price

Exercise price $3.95 per share Options covering 194,748 Class A Ordinary Shares

Option expiration date January 20, 2027 Options covering 194,748 Class A Ordinary Shares

Underlying shares covered by stock options 194,750 shares Canceled October 23, 2026; $4.93 exercise price

Exercise price $4.93 per share Options covering 194,750 Class A Ordinary Shares

Option expiration date May 22, 2028 Options covering 194,750 Class A Ordinary Shares

Cancellation exercise-price threshold $2.00 per share Options were canceled for no consideration because their exercise prices equaled or exceeded this amount

Key Terms

Continuing Shares, going-private transaction, exercise price, Section 16

4 terms

Continuing Shares legal

"are Continuing Shares that will not be cancelled"

going-private transaction legal

"pursuant to the going-private transaction"

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.

exercise price financial

"because its exercise price equaled or exceeded $2.00 per share"

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 options did CEO Alice Hua-Jen Chang have canceled?

Her options covering 194,748 and 194,750 Class A Ordinary Shares were canceled on October 23, 2026.

When were Alice Hua-Jen Chang’s PERF options scheduled to expire?

The reported expiration date for the options covering 194,748 Class A Ordinary Shares was January 20, 2027; the options covering 194,750 shares had a reported expiration date of May 22, 2028.

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

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Available on EDGAR 10/26/2026 - 04:08 PM EDT Accepted by SEC EDGAR 10/26/2026 - 04:08 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^*

Chang Alice Hua-Jen

(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)
	Chief Executive Officer

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

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(1)			194,748	(2)	01/20/2027	Class A Ordinary Shares	194,748	(1)	0	D
Stock Options	$4.93	10/23/2026		J(1)			194,750	(3)	05/22/2028	Class A Ordinary Shares	194,750	(1)	0	D

Explanation of Responses:

1. Canceled pursuant to the going-private transaction involving the issuer, pursuant to which all outstanding options of the issuer were canceled; this option was canceled for no consideration because its exercise price equaled or exceeded $2.00 per share.

2. The stock options became exercisable as to 97,374 Class A Ordinary shares on January 21, 2024, 48,687 Class A Ordinary shares on January 21, 2025, and 48,687 Class A Ordinary shares on January 21, 2026.

3. The stock options became exercisable as to 97,375 Class A Ordinary shares on May 23, 2025 and 48,687 Class A Ordinary shares on May 23, 2026. The stock options will become exercisable as to 48,688 Class A Ordinary shares on May 23, 2027.

Remarks:

The Reporting Person is a Continuing Shareholder under the Agreement and Plan of Merger, dated July 10, 2026. The Reporting Person's Class A Ordinary Shares held directly, and Class B Ordinary Shares beneficially owned indirectly through Golden Edge Co., Ltd., DVDonet.com Inc. and World Speed Company Limited, are Continuing Shares that will not be cancelled and will remain outstanding following the effective time of the merger without payment of consideration; accordingly, no transaction is reported with respect to those shares. 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)