Boltz Paul William JR 4

What Happened
Paul William Boltz Jr., General Counsel of NetEase, sold 10,000 American depositary shares (ADSs) in an open-market transaction on June 29, 2026. The reported weighted-average sale price was $128.30 per ADS, generating proceeds of $1,283,000. This was a sale (not a purchase), which is commonly routine insider selling and does not by itself indicate the insider’s view on the company.

Key Details

• Transaction date: 2026-06-29 (reported on Form 4 filed 2026-06-30).
• Transaction type: Open market sale (S) of 10,000 ADSs.
• Price: Weighted-average sale price $128.30; trades occurred at prices ranging $128.08–$129.00 (see footnote).
• Proceeds: $1,283,000.
• Shares owned after transaction: Not provided in the material you supplied.
• Footnotes: F1 — each ADS represents five ordinary shares of NetEase. F2 — transaction executed in multiple trades; detailed per-trade quantities/prices are available on request to the SEC staff, the company, or a security holder.
• Timeliness: No indication in the provided data that the filing was late.

Context
This was a straightforward sell of ADSs by a corporate officer. For retail investors, note that sales by insiders can be routine (diversification, tax/liquidity needs) and should be weighed alongside other filings and company fundamentals. The ADS note (each ADS = 5 ordinary shares) matters when comparing to ordinary-share volumes or other filings.