Perfect Corp. CTO disposes of 762K shares in buyout

The two canceled option awards had exercise prices above the $2.00-per-share merger consideration and received no consideration.

Rhea-AI Filing Summary

Perfect Corp. Sr. Vice President & CTO Wei-Hsin Tsen disposed of 762,330 Class A Ordinary Shares on October 23, 2026, in the going-private transaction, in exchange for $2.00 per share in cash; the reported post-transaction direct holding was zero shares. The transaction canceled 38,949 options with a $3.95 exercise price and 42,490 options with a $4.93 exercise price. Because both exercise prices exceeded the $2.00 merger consideration, the options were canceled for no consideration. Perfect Corp. stated that Tsen is no longer subject to Section 16 for issuer-equity transactions and will no longer report them on Forms 4 or 5.

Insider Trade Summary

Other: 843,769 shares

Other 3 txns

Insider Tsen Wei-Hsin

Role Sr. Vice President & CTO

Type	Security	Shares	Price	Value
Other	Stock Options F2, F3	38,949	--	--
Other	Stock Options F2, F4	42,490	--	--
Other	Class A Ordinary Shares F1	762,330	--	--

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 19,474 Class A Ordinary shares on January 21, 2024, 9,737 Class A Ordinary shares on January 21, 2025, and 9,738 Class A Ordinary shares on January 21, 2026.
4. F4. The stock options became exercisable as to 21,245 Class A Ordinary shares on May 23, 2025 and 10,622 Class A Ordinary shares on May 23, 2026. The stock options will become exercisable as to 10,623 Class A Ordinary shares on May 23, 2027.

Key Figures

Class A Ordinary Shares disposed: 762,330 shares Cash consideration: $2.00 per share Options canceled: 38,949 options +4 more

7 metrics

Class A Ordinary Shares disposed 762,330 shares October 23, 2026

Cash consideration $2.00 per share Going-private transaction

Options canceled 38,949 options Exercise price $3.95 per share

Exercise price $3.95 per share Options canceled in the going-private transaction

Options canceled 42,490 options Exercise price $4.93 per share

Exercise price $4.93 per share Options canceled in the going-private transaction

Direct shares held after disposition 0 shares Reported after the October 23, 2026 disposition

Key Terms

going-private transaction, merger consideration, Section 16, Class A Ordinary Shares, +1 more

5 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.

Class A Ordinary Shares technical

"Disposed of pursuant to the going-private transaction"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

exercise price financial

"over the applicable exercise price of that option"

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.

FAQ

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

How many PERF shares did Wei-Hsin Tsen dispose of?

Wei-Hsin Tsen, Perfect Corp.'s Sr. Vice President & CTO, disposed of 762,330 Class A Ordinary Shares on October 23, 2026, for $2.00 per share in cash as part of the going-private transaction. The reported post-transaction direct holding was zero shares.

What happened to Wei-Hsin Tsen's PERF stock options in the going-private transaction?

Perfect Corp. canceled 38,949 options with a $3.95 exercise price and 42,490 options with a $4.93 exercise price. The cancellation terms provided cash only for any excess of the $2.00-per-share merger consideration over an option's exercise price; options with an exercise price equal to or above $2.00 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 - 04:20 PM EDT Accepted by SEC EDGAR 10/26/2026 - 04:19 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^*

Tsen Wei-Hsin

(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)
	Sr. Vice President & CTO

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)		762,330	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)			38,949	(3)	01/20/2027	Class A Ordinary Shares	38,949	(2)	0	D
Stock Options	$4.93	10/23/2026		J(2)			42,490	(4)	05/22/2028	Class A Ordinary Shares	42,490	(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 19,474 Class A Ordinary shares on January 21, 2024, 9,737 Class A Ordinary shares on January 21, 2025, and 9,738 Class A Ordinary shares on January 21, 2026.

4. The stock options became exercisable as to 21,245 Class A Ordinary shares on May 23, 2025 and 10,622 Class A Ordinary shares on May 23, 2026. The stock options will become exercisable as to 10,623 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/ 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)