Weibo (WB) CEO details ADS and stock option stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
WEIBO Corp Chief Executive Officer Wang Gaofei filed an initial Form 3 reporting his existing equity holdings. He holds multiple stock option awards over Class A ordinary shares, including grants with exercise prices of $21.1500 expiring on March 17, 2029 and $2.6900 expiring on March 12, 2032. He also holds ADS positions totaling 731,836 ADS directly and 374,791 ADS indirectly through TWIST PHOENIX LIMITED, a trust-related entity. Each ADS represents one Class A ordinary share. All entries are reported as holdings, with no buys or sells indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
16 transactions reported
Mixed
16 txns
Insider
Wang Gaofei
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | ADS | -- | -- | -- |
| holding | ADS | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 75,000 shares (Direct);
ADS — 731,836 shares (Direct);
ADS — 374,791 shares (Indirect, Held by TWIST PHOENIX LIMITED)
Footnotes (1)
- Each American depositary share represents one Class A ordinary share. TWIST PHOENIX LIMITED is a BVI registered account. The entire interest in TWIST PHOENIX LIMITED is held by a trust that was established by Mr. Gaofei Wang (as the settlor) for the benefit of Mr. Gaofei Wang and his family, with the trustee being TMF (CAYMAN) LTD.
FAQ
What does the Weibo (WB) Form 3 filing by CEO Wang Gaofei show?
The Form 3 shows Wang Gaofei’s existing equity stake in Weibo, including stock options and ADS holdings. It establishes his baseline ownership as a director and Chief Executive Officer, without reporting any new purchases or sales of securities.
How many Weibo (WB) ADS does Wang Gaofei hold directly and indirectly?
Wang Gaofei holds 731,836 ADS directly and 374,791 ADS indirectly through TWIST PHOENIX LIMITED. A footnote states each American depositary share represents one Class A ordinary share of Weibo, linking ADS holdings to the underlying equity.
Are there any buy or sell transactions in Wang Gaofei’s Weibo (WB) Form 3?
No buy or sell transactions are indicated. The filing classifies entries as holdings, and the transaction summary shows no buys, sells, exercises, gifts, or tax withholdings. It functions as an initial statement of beneficial ownership rather than a record of recent trades.
What is TWIST PHOENIX LIMITED in relation to Weibo (WB) CEO Wang Gaofei’s holdings?
TWIST PHOENIX LIMITED is described as a BVI-registered account whose entire interest is held by a trust established by Wang Gaofei for himself and his family, with TMF (CAYMAN) LTD. as trustee. It holds 374,791 ADS indirectly for his benefit.
What does each Weibo (WB) ADS represent according to the Form 3 footnote?
A footnote states that each American depositary share represents one Class A ordinary share of Weibo. This means ADS counts in the filing correspond one-for-one to underlying Class A ordinary shares, helping investors interpret the scale of the reported ADS positions.