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Weibo (NASDAQ: WB) CEO logs 374,791 ADS restructuring, holds 1,106,627 ADS

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

Rhea-AI Filing Summary

WEIBO Corp Chief Executive Officer Wang Gaofei reported an internal reclassification involving 374,791 ADS on an "other acquisition or disposition" basis, coded as a restructuring transaction with no stated price per ADS. Following this activity, Wang directly holds 1,106,627 ADS, each representing one Class A ordinary share.

Positive

  • None.

Negative

  • None.
Insider Wang Gaofei
Role Chief Executive Officer
Type Security Shares Price Value
Other ADS 374,791 $0.00 --
Holdings After Transaction: ADS — 1,106,627 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Restructured ADS 374,791 ADS J-code “Other acquisition or disposition” restructuring transaction
Post-transaction holdings 1,106,627 ADS ADS directly held after the restructuring transaction
Transaction price per ADS $0.0000 per ADS Price reported for 374,791 ADS in the restructuring
Restructuring shares 374,791 ADS Classified in transactionSummary as restructuringShares
ADS financial
"Each American depositary share represents one Class A ordinary share."
Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.
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.
Other acquisition or disposition financial
"transaction_code_description": "Other acquisition or disposition""
restructuringShares financial
""restructuringShares": 374791"
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Form 4 Insider Transactions: What Each Field Means →
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)
06/23/2026		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)06/23/2026J374,791A$01,106,627D
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.
/s/ Wang Gaofei06/25/2026
** 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

FAQ

What insider transaction did WEIBO Corp (WB) CEO Wang Gaofei report?

Wang Gaofei reported an internal restructuring transaction involving 374,791 ADS. The Form 4 classifies it under the J code as “Other acquisition or disposition,” indicating a non-standard, restructuring-type change rather than a typical market purchase or sale.

How many WEIBO Corp (WB) ADS does Wang Gaofei hold after this Form 4?

After the reported transaction, Wang Gaofei directly holds 1,106,627 ADS. This figure reflects his post-transaction position as disclosed in the Form 4 and shows his remaining direct ownership stake in WEIBO Corp through American depositary shares.

Was there a price paid for the 374,791 WEIBO (WB) ADS in this Form 4?

The Form 4 shows a transaction price of $0.0000 per ADS for the 374,791 ADS. This zero price aligns with the J transaction code, which indicates an “Other acquisition or disposition” typically associated with restructuring rather than an open-market trade.

What does the J transaction code mean in WEIBO (WB) CEO’s Form 4?

The J code in this Form 4 is described as “Other acquisition or disposition.” It usually reflects non-market events such as restructurings or reclassifications, and the filing’s transactionSummary labels this specific event as a restructuring involving 374,791 ADS.

What does each WEIBO Corp (WB) ADS represent in this filing?

Each WEIBO Corp ADS represents one Class A ordinary share, according to the footnote. This means the 374,791 ADS involved in the transaction and the 1,106,627 ADS held afterward each correspond one-for-one to the company’s underlying Class A ordinary shares.