Lu Pochin Christopher 4
Research Summary
AI-generated summary
WEIBO Director Lu Pochin Exercises 6,250 Restricted Shares
What Happened
- Lu Pochin Christopher, a director of WEIBO Corp (WB), had restricted shares vest and were converted/exercised on May 16, 2026. The Form 4 shows 6,250 shares acquired via exercise/conversion (derivative code M) at $0.00 and a simultaneous disposition of 6,250 shares at $0.00. The filing reports no cash consideration for these transactions.
Key Details
- Transaction date: May 16, 2026; Form 4 filed May 19, 2026 (no late filing indicated in the provided data).
- Transaction codes: M (exercise/conversion of derivative instrument).
- Shares: 6,250 acquired at $0.00; 6,250 disposed at $0.00. Total reported cash value: $0.
- Shares owned after transaction: Not specified in the provided excerpt.
- Footnotes: F1 — 1 ADS = 1 Class A ordinary share; F2 — these were restricted shares representing the right to receive Class A shares upon vesting; F3 — the restricted shares vested on May 16, 2026; F4 — the restricted shares have no expiration date.
Context
- This was a vesting/conversion event of restricted shares rather than an open‑market purchase or sale. The matched acquisition and disposition at $0.00 typically reflect conversion/settlement mechanics (per-footnote vesting), not a cash sale; the filing does not indicate proceeds or a market sale.