Perfect Corp.: director Tsao Philip sold 31,867 shares

What happened

• The filing reports that Tsao Philip, a director, disposed of 5,311 Class A ordinary shares on Oct 23, 2026 in exchange for $2.00 per share, totaling $10,622.
• The filing also reports disposition of 26,556 derivative shares (options) on Oct 23, 2026, which were canceled pursuant to the going-private transaction; any cash payment for those options equals the number of shares times the excess, if any, of the $2.00 merger consideration over the applicable exercise price.

Key details

• Transaction date: Oct 23, 2026. Form 4 filed Oct 26, 2026.
• Price: $2.00 per share for the 5,311 Class A shares. Exact cash for the canceled options is not stated in the filing.
• Shares owned after the transaction: the filing states the reporting person is no longer subject to Section 16 and will no longer report such transactions; the filing does not state a post-transaction beneficial ownership total.
• Relevant footnotes: F1 — Class A shares disposed for $2.00 per share; F2 — Class A shares held through Perfect AA Corp.; F3 — options canceled and exchanged for cash as described; F4 — options schedule: 13,278 shares exercisable Jan 21, 2024; 6,639 shares exercisable Jan 21, 2025; 6,639 shares exercisable Jan 21, 2026.
• Timeliness: filed three days after the reported transaction date; filing does not indicate a late filing code.

Why it may matter

• The derivative entries reflect cancellation and cash settlement of options under the going-private transaction, not a market sale following an exercise.
• The filing indicates the reporting person will no longer be subject to Section 16 reporting for the issuer.
• A filing does not show why the insider traded or why the company acted.