Adagene (ADAG) Director Do Cuong V Receives 20,000-Share Option Award

What Happened

• Director Do Cuong V received a grant of stock options covering 20,000 shares of Adagene Inc. (ADAG) on 2026-08-13. The grant is reported at $0.00 (no cash paid by the insider at grant). The award was made under the Adagene Inc. 2021 Performance Incentive Plan and will vest on April 30, 2027 or on the date of the company's next Form 20-F filing, whichever is earlier.
• This is an award/grant (derivative grant), not a sale or open-market purchase — there was no immediate stock sale or cash transaction by the director.

Key Details

• Transaction date: August 13, 2026; Form 4 filed August 17, 2026.
• Grant amount: options for 20,000 shares; price shown as $0.00 on the filing (insider did not pay cash at grant).
• Vesting: April 30, 2027, or earlier if the next Form 20-F is filed.
• Plan: Adagene Inc. 2021 Performance Incentive Plan (per filing footnote).
• Shares owned after transaction: not disclosed in the summary provided.
• Filing timeliness: report filed Aug 17, 2026 for the Aug 13 transaction; no late-filing flag was noted in the provided details.

Context

• This transaction is a derivative award (stock options). The grant gives the director the right to acquire shares in the future subject to vesting and any exercise price/terms in the option agreement (exercise price and other exercise terms were not detailed in the summary provided).
• Option grants to directors are common as part of compensation and retention packages; they do not represent an immediate market buy or sell.