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Weibo Corp (WB) CEO shifts 374,791 ADS to trust-linked entity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Weibo Corp Chief Executive Officer Gaofei Wang reported an internal reallocation of 374,791 ADS on August 5, 2026. He disposed of this amount from direct holdings, leaving 731,836 ADS held directly, and acquired the same number indirectly through TWIST PHOENIX LIMITED, a BVI account held by a trust established by Mr. Wang for himself and his family.

The disclosure states that this update reflects an adjusted allocation between direct and indirect ownership of the ADSs, with no acquisition or sale of shares in the market. Each American depositary share represents one Class A ordinary share.

Positive

  • None.

Negative

  • None.
Insider Wang Gaofei
Role Chief Executive Officer
Type Security Shares Price Value
Other ADS F1 374,791 $0.00 $0.00
Other ADS F1, F2 374,791 $0.00 $0.00
Holdings After Transaction: ADS — 731,836 shares (Direct); ADS — 374,791 shares (Indirect, Held by TWIST PHOENIX LIMITED)
Footnotes (2)
  1. F1. Each American depositary share represents one Class A ordinary share.
  2. F2. 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. This Form 4 is intended to reflect the updated allocation of the ADSs owned by Mr. Wang directly and indirectly through TWIST PHOENIX LIMITED, without any acquisition or sale of shares.
ADS reallocated 374,791 ADS Other acquisition or disposition on 2026-08-05 between direct and indirect holdings
Direct ADS after transaction 731,836 ADS Direct holdings following the disposition entry dated 2026-08-05
Indirect ADS after transaction 374,791 ADS Indirect holdings via TWIST PHOENIX LIMITED following the acquisition entry
Reported transaction price 0.0000 per ADS Per-share price field for both allocation entries on 2026-08-05
American depositary share financial
"Each American depositary share represents one Class A ordinary share."
An American Depositary Share (ADS) is a U.S.-listed certificate that represents a specified number of shares in a foreign company, held by a custodian bank; it works like a receipt that allows U.S. investors to buy and trade foreign equity on American exchanges without dealing with another country’s markets. Investors care because ADSs make foreign stocks easier to access, improve liquidity and settlement in dollars, and can affect dividend payments, voting rights and regulatory oversight compared with buying the underlying foreign shares directly.
Class A ordinary share financial
"Each American depositary share represents one Class A ordinary share."
A Class A ordinary share is a type of common stock a company issues that carries a specific set of rights—most often particular voting power, dividend terms, or transfer rules—distinct from other share classes. For investors it matters because those rights affect control over company decisions, how income is paid out, and how easy shares are to buy or sell; think of it like a tiered ticket that gives different access and influence at the same event.
settlor technical
"a trust that was established by Mr. Gaofei Wang (as the settlor) for the benefit"
trustee technical
"for the benefit of Mr. Gaofei Wang and his family, with the trustee being TMF (CAYMAN) LTD."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

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FAQ

What insider transaction did Weibo Corp (WB) CEO Gaofei Wang report?
Gaofei Wang reported reallocating 374,791 ADS on August 5, 2026, moving them from direct ownership into indirect ownership via TWIST PHOENIX LIMITED. The company notes this is an internal allocation update with no acquisition or sale of shares in the market.

How many Weibo Corp (WB) ADS does Gaofei Wang hold directly after this filing?
After the reported reallocation, Gaofei Wang holds 731,836 ADS directly. This figure comes from the post-transaction holdings shown for the disposition entry on August 5, 2026, and represents his remaining directly owned American depositary shares.

How many Weibo Corp (WB) ADS does Gaofei Wang hold indirectly through TWIST PHOENIX LIMITED?
Following the transaction, 374,791 ADS are held indirectly through TWIST PHOENIX LIMITED. The filing explains this BVI account is wholly owned by a trust established by Mr. Wang for the benefit of himself and his family.

Did the Weibo Corp (WB) insider transaction involve a market purchase or sale of ADS?
No market purchase or sale occurred. A footnote states the Form 4 is intended only to reflect an updated allocation of ADSs between Mr. Wang’s direct holdings and TWIST PHOENIX LIMITED, with no acquisition or sale of shares taking place.

What does each Weibo Corp (WB) ADS represent in terms of underlying shares?
Each Weibo Corp ADS represents one Class A ordinary share. This equivalence is explicitly stated, clarifying that the American depositary shares reported in the insider transaction correspond one-for-one with the company’s Class A ordinary shares.

Was Gaofei Wang’s Weibo Corp (WB) transaction under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox is not marked as affirmatively used for this filing. The transaction is characterized instead as an internal reallocation of ADS ownership between direct holdings and a trust-related entity, rather than an open-market trading plan.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Wang Gaofei
(Last)(First)(Middle)
8/F, QIHAO PLAZA, NO. 8
XINYUAN S. ROAD CHAOYANG DISTRICT
(Street)
BEIJING100027
(City)(State)(Zip)
CHINA
(Country)		2. Issuer Name and Ticker or Trading Symbol
WEIBO Corp [ WB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
[[HKEX: 9898]]
3. Date of Earliest Transaction (Month/Day/Year)
08/05/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
ADS(1)08/05/2026J374,791D$0731,836D
ADS(1)08/05/2026J374,791A$0374,791IHeld by TWIST PHOENIX LIMITED(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
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. This Form 4 is intended to reflect the updated allocation of the ADSs owned by Mr. Wang directly and indirectly through TWIST PHOENIX LIMITED, without any acquisition or sale of shares.
/s/ Wang Gaofei08/06/2026
** Signature of Reporting PersonDate
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 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR