Weibo director Pehong Chen files initial holdings
WEIBO Corp director Pehong Chen filed an initial Form 3 detailing his ownership in the company.
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Rhea-AI Filing Summary
WEIBO Corp director Pehong Chen filed an initial Form 3 detailing his ownership in the company. The filing lists direct holdings of 25,000 American depositary shares (ADSs), with each ADS representing one Class A ordinary share.
It also shows 141,376 ADSs held indirectly through the Chen Family Trust, which was established by Chen for the benefit of himself and his family, with Chen and Adele W. Chi as trustees. In addition, Chen holds restricted share awards covering 6,250, 6,250 and 1,800 Class A ordinary shares at a conversion price of $0.00, which do not have expiration dates and are scheduled to become exercisable on May 16, 2026, November 16, 2026 and May 16, 2027. The Form 3 records these as existing holdings rather than new open-market purchases or sales.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Share | -- | -- | -- |
| holding | Restricted Share | -- | -- | -- |
| holding | Restricted Share | -- | -- | -- |
| holding | ADS | -- | -- | -- |
| holding | ADS | -- | -- | -- |
Footnotes (3)
- F1. Each American depositary share represents one Class A ordinary share.
- F2. The restricted shares do not have an exipration date.
- F3. The shares are held by Chen Family Trust that is established by Mr .Pehong Chen (as the settlor) for the benefit of Mr. Pehong Chen and his family, with the trustee being with Pehong Chen and Adele W Chi Trustees.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filed by WEIBO Corp (WB) director Pehong Chen show?
The Form 3 shows Pehong Chen’s initial ownership in WEIBO Corp. It lists his direct and indirect ADS holdings and several restricted share awards, establishing his baseline equity position as a company director.
How many WEIBO Corp (WB) ADSs does Pehong Chen hold directly and indirectly?
The filing reports 25,000 ADSs held directly by Pehong Chen and 141,376 ADSs held indirectly through the Chen Family Trust. Each American depositary share represents one Class A ordinary share of WEIBO Corp.
How are the indirect WEIBO Corp (WB) ADS holdings of Pehong Chen structured?
The indirect holdings of 141,376 ADSs are held by the Chen Family Trust. The trust was established by Pehong Chen for his family’s benefit, with Chen and Adele W. Chi serving as trustees.
Does the WEIBO Corp (WB) Form 3 for Pehong Chen show any stock purchases or sales?
No, the Form 3 records , including ADS positions and restricted share awards. The transactions are classified as holdings, not open-market purchases or sales, providing a baseline ownership snapshot.
AI-generated analysis. How Rhea-AI works. Not financial advice.
