Tam Benson Bing Chung 4
Research Summary
AI-generated summary
Hello Group (MOMO) Director Tam Benson Bing Chung Exercises & Disposes Shares
What Happened
- Tam Benson Bing Chung, a director of Hello Group Inc. (MOMO), reported a series of derivative conversions/exercises tied to restricted share units (RSUs) that vested on July 6–8, 2026. Across the three vesting dates he acquired 1,562 shares on each date (total acquired = 4,686 shares) and recorded dispositions of 3,124 shares on each date (total disposed = 9,372 shares). All transactions are reported at $0.00 per share.
- The filings indicate these were conversions/exercises (transaction code M) tied to RSU vesting rather than open-market purchases or voluntary sales. The zero price reflects grant/vesting settlement rather than a cash purchase.
Key Details
- Transaction dates and amounts:
- July 6, 2026: Acquired 1,562 shares @ $0.00; Disposed 3,124 shares @ $0.00
- July 7, 2026: Acquired 1,562 shares @ $0.00; Disposed 3,124 shares @ $0.00
- July 8, 2026: Acquired 1,562 shares @ $0.00; Disposed 3,124 shares @ $0.00
- Totals reported in this filing: 4,686 shares acquired; 9,372 shares disposed; all at $0.00.
- Shares owned after the transactions: Not reported in this filing.
- Relevant footnotes:
- F2: Each RSU represents a contingent right to receive one Class A ordinary share.
- F3–F5: The RSUs vested on July 6, 7 and 8, 2026 respectively.
- F1: Each American Depositary Share (ADS) equals two Class A ordinary shares (note this when reconciling ADS vs. ordinary-share counts).
- Timeliness: The Form 4 was filed July 8, 2026 for transactions dated July 6–8; this filing appears to be within the standard two-business-day window and thus timely.
- Transaction code meaning: M = conversion/exercise of a derivative security (here tied to RSU vesting).
Context
- These filings reflect award vesting and settlement activity rather than open-market buying or discretionary selling. It is common for some or all vested shares to be disposed (or withheld) to cover tax withholding or other settlement obligations; the filing shows dispositions on the same dates as vesting, consistent with that pattern. The filing itself does not state the purpose of the dispositions.
- Because footnotes reference both RSUs (which convert to Class A ordinary shares) and ADS conversion, review the full Form 4 if you need the precise form (ADS vs. ordinary shares) for position sizing or tax/recordkeeping purposes.