Wei Xuan Kelly 4

What Happened

• Director Wei Xuan Kelly exercised stock options on July 27, 2026. The Form 4 shows 2,038 underlying shares involved: 538 shares were acquired at $117.38 per share (total value ~$63,150) and 1,500 shares were recorded as disposed (1,000 and 500 shares at $0.00, derivative).
• Footnote F1 identifies this as a cashless net option exercise, meaning some shares were withheld/surrendered to cover the exercise cost and any tax withholding. The net result was an increase of 538 shares in Kelly’s beneficial holdings.

Key Details

• Transaction date: 2026-07-27; Form 4 filed: 2026-07-29.
• Prices and values: 538 shares acquired @ $117.38 = $63,150; 1,000 and 500 shares disposed @ $0.00 (derivative settlement as part of cashless exercise).
• Shares owned after transaction: not provided in the supplied filing excerpt.
• Footnote: F1 = cashless net option exercise (shares withheld to cover exercise/payment).
• No indication in the filing excerpt that this Form 4 was late.

Context

• A cashless net exercise (M code) typically means the insider exercised options and surrendered a portion of the underlying shares to cover the exercise price and taxes, receiving the remaining shares (538 in this case). It is a common administrative transaction and not necessarily a direct buy/sell signal about the insider’s view of the company.
• For retail investors, purchases or net acquisitions can be more informative than routine exercises, but consider the size of the net gain (here ~$63k worth of shares) relative to the insider’s total holdings and prior trading before drawing conclusions.