Adagene (ADAG) Director Zhu Li Receives Option Award

What Happened
Zhu Li, a director of Adagene Inc. (ADAG), received a grant of options covering 20,000 shares on August 13, 2026. The Form 4 reports the acquisition as a derivative award with a reported transaction amount of $0.00 (award/grant). This is a compensation award (not a cash purchase or sale) and does not represent immediate sale proceeds or transfer of common stock.

Key Details

• Transaction date: August 13, 2026; Form 4 filed August 17, 2026 (timely within two business days).
• Transaction type: Award/Grant of stock options (derivative).
• Quantity: 20,000 option shares; reported price on Form 4: $0.00 (award).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Options granted under the Adagene Inc. 2021 Performance Incentive Plan vest on April 30, 2027 or on the date of the company’s next Form 20-F filing, whichever is earlier.
• No indication of a 10b5-1 plan, tax withholding, or cashless exercise in this filing.

Context
This filing documents an option grant, meaning Zhu Li received the right to buy shares in the future if/when the options vest and are exercised. Until vesting and exercise occur, these options do not represent actual share ownership or proceeds. Review the company’s 2021 Performance Incentive Plan or the full Form 4 for details on exercise price, vesting conditions, and other terms.