Perfect Corp.: Vp & head of fin & acctg Chen Hsiao-Chuan sold 112,427 shares

What happened

• Chen Hsiao-Chuan, Vp & head of fin & acctg, disposed of 69,932 Class A ordinary shares pursuant to a going-private transaction on Oct 23, 2026, at $2.00 per share for $139,864 (see footnote F1).
• The filing also reports the disposition (derivative transactions) of 21,245 and 21,250 shares related to stock options, listed as "Other acquisition or disposition (J)" on Oct 23, 2026; those options were canceled or settled in connection with the going-private transaction (see footnote F2). Vesting schedules for the options are described in footnotes F3 and F4.

Key details

• Transaction date: Oct 23, 2026. Price for the direct share disposal: $2.00 per share. Derivative transaction prices and cash amounts are not stated in the main transaction lines (see footnote F2 for how cash was determined for canceled options).
• Shares disposed: 69,932 shares (direct) and derivatives covering 21,245 and 21,250 shares (total derivative shares 42,495). Total referenced shares: 112,427.
• Shares owned after the transactions: not stated in the filing.
• Relevant footnotes:
  • F1: Direct shares disposed pursuant to the going-private transaction in exchange for $2.00 per share in cash.
  • F2: Outstanding options were canceled pursuant to the going-private transaction and settled in cash equal to the number of shares times the excess, if any, of the $2.00 merger consideration over each option's exercise price (or no consideration if the exercise price equaled or exceeded $2.00).
  • F3 and F4: Vesting schedules showing when option tranches became exercisable.
  • Remarks: The reporting person states she is no longer subject to Section 16 and will not file further Form 4 or Form 5 reports for such transactions.
• Filing date: Oct 26, 2026. The filing shows the report covers transactions dated Oct 23, 2026 and does not indicate a late filing flag.

Why it may matter

• The direct shares were disposed for cash as part of a going-private transaction at $2.00 per share (see F1).
• The option-related positions were canceled/settled for cash under the terms described in F2 rather than resulting from a market sale or a typical exercise-and-sell transaction.
• A filing does not show why the insider traded or why the company acted.