Silicon Motion (SIMO) VP Cheng Tao discloses ownership of 6,000 ADS in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Silicon Motion Technology Corp executive Cheng Tao, VP of Manufacturing Operations, filed an initial statement of beneficial ownership. The filing reports direct ownership of 6,000 American depositary shares, each ADS representing four ordinary shares of Silicon Motion Technology Corp.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CHENG TAO
Role
VP of Manufacturing Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | American depositary shares | -- | -- | -- |
Holdings After Transaction:
American depositary shares — 6,000 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
ADS held: 6,000 American depositary shares
ADS to ordinary share ratio: 1 ADS = 4 ordinary shares
Par value of ordinary shares: US$0.01 per ordinary share
3 metrics
ADS held
6,000 American depositary shares
Direct beneficial ownership reported on Form 3
ADS to ordinary share ratio
1 ADS = 4 ordinary shares
Ratio disclosed in Form 3 footnote
Par value of ordinary shares
US$0.01 per ordinary share
Underlying Silicon Motion ordinary shares
Key Terms
American depositary shares, beneficial ownership, Form 3
3 terms
beneficial ownership financial
"filed an initial statement of beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Form 3 regulatory
"filed an initial statement of beneficial ownership on Form 3"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
FAQ
What does the Silicon Motion Technology (SIMO) Form 3 filing for Cheng Tao show?
The Form 3 shows that VP of Manufacturing Operations Cheng Tao directly holds 6,000 American depositary shares of Silicon Motion Technology Corp. It is an initial disclosure of insider ownership, not a report of recent insider buying or selling activity.
How many Silicon Motion Technology (SIMO) ADS does Cheng Tao own?
The filing reports that Cheng Tao directly owns 6,000 American depositary shares of Silicon Motion Technology Corp. This figure represents his reported beneficial ownership as of the Form 3 date and does not, by itself, indicate any recent transaction in the shares.
Does the Silicon Motion Technology (SIMO) Form 3 indicate insider buying or selling by Cheng Tao?
No specific buying or selling is indicated. The Form 3 records beneficial ownership of 6,000 American depositary shares as a holding entry. It serves as an initial ownership statement rather than a report of new purchase or sale transactions.
What role does Cheng Tao hold at Silicon Motion Technology (SIMO) according to the Form 3?
According to the Form 3, Cheng Tao is an officer of Silicon Motion Technology Corp, serving as VP of Manufacturing Operations. This role qualifies him as a reporting person required to disclose his beneficial ownership of the company’s American depositary shares.