Wang Barney Tianhao 4

What Happened

• Director Wang Barney Tianhao received shares when previously granted restricted share units (RSUs) vested on Feb 28, 2026. The filing shows two conversions of RSUs (11 shares + 11 shares = 22 shares) into ordinary shares (derivative code M). Four shares were disposed/withheld to cover taxes at $122.87 per share, totaling $491 (code F). The RSUs had a $0 exercise price, so no cash was paid to receive the shares.

Key Details

• Transaction date: February 28, 2026; Form 4 filed March 3, 2026.
• Conversions: 11 shares (derived from RSUs) + 11 shares = 22 shares converted.
• Tax withholding: 4 shares withheld/disposed at $122.87 each = $491.
• Net shares received: approximately 18 shares retained after withholding.
• Shares owned after transaction: not disclosed in this filing.
• Footnotes: F1 — each RSU equals one ordinary share; F2 — RSUs were granted April 29, 2025 and vested in full on Feb 28, 2026.
• Filing timeliness: filed a few business days after the Feb 28 vesting; the filing does not indicate a late-report flag.

Context

• These were RSU vesting conversions (no purchase price); the $0 exercise price indicates shares were issued upon vesting rather than bought. The withholding of shares to cover taxes is routine for vested awards and is not the same as an open-market sale. This filing reports receipt of vested shares rather than a market purchase or voluntary sale.