Adagene (ADAG) Director Cheung Receives 20,000-Option Award

What Happened

• Cheung Andy Yiu Leung, a director of Adagene Inc. (ADAG), was granted a derivative award of 20,000 stock options on 2026-08-13. The grant price is reported as $0.00 (i.e., an option award rather than a market purchase), with no immediate cash value listed. The award was made under the Adagene Inc. 2021 Performance Incentive Plan.

Key Details

• Transaction date: 2026-08-13; Form 4 filed: 2026-08-17.
• Transaction type: Award/Grant (derivative option) — 20,000 shares @ $0.00.
• Vesting: Options vest on April 30, 2027 or on the date of the next Form 20‑F filing, whichever is earlier (per footnote).
• Shares owned after transaction: Not specified in the provided filing.
• Plan: Adagene Inc. 2021 Performance Incentive Plan (per footnote).
• No indication in the filing that the options were exercised or sold; this is a grant of potential future equity.

Context

• This was a compensation-style option grant to a director, not an open‑market purchase or sale. Such grants are common for director compensation and align incentives over time; they do not represent immediate buying or selling pressure. The options will only translate into shares if vested and exercised under the plan terms.