Weibo (WB) CEO details ADS and stock option stakes

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.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Wang Gaofei

(Last) (First) (Middle)

8/F, QIHAO PLAZA, NO. 8

XINYUAN S. ROAD CHAOYANG DISTRICT

(Street)

BEIJING F4 100027

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/13/2026

3. Issuer Name and Ticker or Trading Symbol
WEIBO Corp [ WB ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
ADS(1)	731,836	D
ADS(1)	374,791	I	Held by TWIST PHOENIX LIMITED(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	03/16/2023	03/17/2029	Class A Ordinary Share	75,000	$21.15	D
Stock Option (Right to Buy)	09/16/2023	03/17/2029	Class A Ordinary Share	37,500	$21.15	D
Stock Option (Right to Buy)	03/16/2024	03/17/2029	Class A Ordinary Share	37,500	$21.15	D
Stock Option (Right to Buy)	09/16/2024	03/17/2029	Class A Ordinary Share	37,500	$21.15	D
Stock Option (Right to Buy)	03/16/2025	03/17/2029	Class A Ordinary Share	37,500	$21.15	D
Stock Option (Right to Buy)	09/16/2025	03/17/2029	Class A Ordinary Share	37,500	$21.15	D
Stock Option (Right to Buy)	03/16/2026	03/17/2029	Class A Ordinary Share	37,500	$21.15	D
Stock Option (Right to Buy)	03/12/2026	03/12/2032	Class A Ordinary Share	97,500	$2.69	D
Stock Option (Right to Buy)	09/12/2026	03/12/2032	Class A Ordinary Share	48,750	$2.69	D
Stock Option (Right to Buy)	03/12/2027	03/12/2032	Class A Ordinary Share	48,750	$2.69	D
Stock Option (Right to Buy)	09/12/2027	03/12/2032	Class A Ordinary Share	48,750	$2.69	D
Stock Option (Right to Buy)	03/12/2028	03/12/2032	Class A Ordinary Share	48,750	$2.69	D
Stock Option (Right to Buy)	09/12/2028	03/12/2032	Class A Ordinary Share	48,750	$2.69	D
Stock Option (Right to Buy)	03/12/2029	03/12/2032	Class A Ordinary Share	48,750	$2.69	D

Explanation of Responses:

1. Each American depositary share represents one Class A ordinary share.

2. 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.

	/s/ Wang Gaofei	03/13/2026
	** 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 5 (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).
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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.

What stock options for Weibo (WB) shares does Wang Gaofei report on Form 3?

He reports several 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. These options give him rights to buy shares at those fixed prices.

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.