Weibo (NASDAQ: WB) director sells ADSs to cover taxes after vesting
Rhea-AI Filing Summary
WEIBO Corp director Du Hong reported equity compensation-related transactions involving American depositary shares (ADSs). On 2026-08-16, 6,250 vested restricted shares were converted into 6,250 Class A ordinary shares and acquired as 6,250 ADSs, at a stated conversion price of $0.00 per share, reflecting vesting rather than a market purchase. On 2026-08-17, 3,105 ADSs were disposed of at $7.6661 per ADS pursuant to a mandatory, non-discretionary sell-to-cover arrangement to satisfy income tax liabilities arising from the vesting. The filing does not indicate use of a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,145 shares
Net Buy
3 txns
Insider
Du Hong
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | ADS F2 | 3,105 | $7.6661 | $24K |
| Conversion | Restricted Share F3 | 6,250 | $0.00 | $0.00 |
| Exercise | ADS F1 | 6,250 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Share — 0 shares (Direct);
ADS — 107,870 shares (Direct)
Footnotes (3)
- F1. Acquired from vested restricted shares. Each American depositary share represents one Class A ordinary share.
- F2. Represents ADSs sold pursuant to a mandatory, non-discretionary, sell-to-cover arrangement for the purpose of satisfying income tax liabilities incurred upon vesting of restricted share.
- F3. The restricted shares do not have an expiration date.
Key Figures
ADSs acquired from vested restricted shares: 6,250 ADSs
ADSs disposed for tax withholding: 3,105 ADSs
Tax withholding sale price: $7.6661 per ADS
+3 more
6 metrics
ADSs acquired from vested restricted shares
6,250 ADSs
Exercise/conversion transaction (code M) on 2026-08-16
ADSs disposed for tax withholding
3,105 ADSs
Code F tax-liability transaction on 2026-08-17
Tax withholding sale price
$7.6661 per ADS
Price for 3,105 ADSs delivered or sold to satisfy income tax liabilities
Restricted shares converted
6,250 shares
Restricted shares converted into Class A ordinary shares on 2026-08-16 (code C)
Conversion price of restricted shares
$0.0000 per share
Stated conversion price for 6,250 restricted shares to Class A ordinary shares
Exercise-related transactions count
1 transaction
Exercise or conversion of derivative security (code M) in transaction summary
Key Terms
sell-to-cover arrangement, American depositary share, restricted share, income tax liabilities
4 terms
sell-to-cover arrangement financial
"Represents ADSs sold pursuant to a mandatory, non-discretionary, sell-to-cover arrangement"
income tax liabilities financial
"for the purpose of satisfying income tax liabilities incurred upon vesting"
FAQ
What equity transactions did WEIBO Corp (WB) director Du Hong report on this Form 4?
Du Hong reported vesting and conversion of 6,250 restricted shares into ADSs on 2026-08-16, followed by the disposition of 3,105 ADSs on 2026-08-17 to cover income tax liabilities related to that vesting.
How many WEIBO Corp (WB) ADSs were acquired and disposed of in this Form 4?
The filing shows an acquisition of 6,250 ADSs linked to vested restricted shares and a disposition of 3,105 ADSs at $7.6661 per ADS under a sell-to-cover arrangement for tax liabilities incurred upon vesting.
What was the sale price for the WEIBO Corp (WB) ADSs disposed of by Du Hong?
The ADSs were disposed of at a price of $7.6661 per ADS. These 3,105 ADSs were sold or withheld pursuant to a mandatory, non-discretionary sell-to-cover arrangement to satisfy income tax liabilities from restricted share vesting.
Were Du Hong’s WEIBO Corp (WB) transactions made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not marked, and the company states the sell-to-cover transaction was under a mandatory, non-discretionary arrangement for tax payments, not described as a Rule 10b5-1 plan.
What derivative security conversion did WEIBO Corp (WB) disclose for Du Hong?
The report shows a code C transaction converting 6,250 restricted shares (a derivative security) into 6,250 Class A ordinary shares on 2026-08-16, with a stated conversion price of $0.00 per share, reflecting vesting without additional cash payment.
AI-generated analysis. How Rhea-AI works. Not financial advice.