Chang Chien Shen 4

What Happened

• Chang Chien Shen, a director of ASE Technology Holding Co., exercised stock options on April 9, 2026 to acquire a total of 4,500,000 ordinary shares. The exercise broke down as 3,000,000 shares at NT$41.10 each (NT$123,300,000) and 1,500,000 shares at NT$99.70 each (NT$149,550,000), for a total cash payment of NT$272,850,000. The filing shows corresponding dispositions of the derivative option instruments (the options surrendered/converted) at $0, consistent with option exercise.

Key Details

• Transaction date: 2026-04-09; Form 4 filed: 2026-04-13 (appears timely under the 2-business-day Form 4 rule).
• Acquired shares and prices: 3,000,000 @ NT$41.10 (NT$123,300,000) and 1,500,000 @ NT$99.70 (NT$149,550,000); total NT$272,850,000. Disposed derivatives: 3,000,000 and 1,500,000 option instruments (reflecting the exercised options).
• Currency: NT$ = New Taiwan Dollars (footnote F1).
• Shares owned after transaction: Not provided in the data excerpt supplied.
• Footnotes: F2 = options granted Nov 23, 2018 (fully vested/exercisable). F3 = options granted Aug 18, 2023 with staggered vesting (40% vested Aug 18, 2025; 10% vested Feb 18, 2026; remaining 10% installments on Aug/Feb dates through Aug 18, 2028).
• Transaction code: M = exercise/conversion of derivative security. No 10b5-1 plan, tax withholding or cashless-sale notation provided; no immediate sale of acquired shares was reported.

Context

• This was an exercise of stock options (derivative conversion), not an open-market sale. The Form 4 shows the options were surrendered/converted and underlying shares acquired — not a cashless exercise where shares are immediately sold to cover cost. Exercises can increase an insider’s shareholdings (a purchase of shares), but they also require a cash outlay equal to the strike price. Retail investors should watch subsequent filings for any later sales or updated ownership levels.