WEIBO (WB) Director Du Hong Receives 6,250 ADSs, Sells 3,105

What Happened

• Du Hong, a director of WEIBO Corp (WB), received 6,250 American Depositary Shares (ADSs) on 2026-08-16 from vested restricted shares (reported as an exercise/conversion of a derivative).
• To satisfy income tax withholding on the vesting, 3,105 ADSs were sold on 2026-08-17 at $7.67 each, generating $23,803 in gross proceeds. The filing also reports the conversion of the derivative security tied to the 6,250 ADSs.

Key Details

• Transaction dates and prices:
  • 2026-08-16: Acquired 6,250 ADSs (exercise/conversion of vested restricted shares) at $0.00 (vested award).
  • 2026-08-16: Reported conversion of derivative security (6,250 ADSs) (derivative code C).
  • 2026-08-17: Sold 3,105 ADSs at $7.67 each for $23,803 (sell-to-cover to satisfy tax withholding).
• Shares owned after transaction: Not specified in the provided excerpt of the filing — see the full Form 4 for post-transaction beneficial ownership.
• Footnotes of note:
  • The 6,250 ADSs were acquired from vested restricted shares (F1).
  • The 3,105 ADSs were sold pursuant to a mandatory sell-to-cover arrangement to satisfy income tax liabilities on vesting (F2).
  • The restricted shares have no expiration date (F3).
• Filing timeliness: Report covers period 2026-08-16 and was filed 2026-08-18 — appears to be a timely Form 4 filing.

Context

• This was a vesting event followed by a routine sell-to-cover for taxes, not a discretionary open-market sale indicating a trading decision. The initial acquisition was from vested restricted shares (no cash paid).
• For retail investors: purchases (net buys) can be more informative about insider confidence; this event is primarily a standard tax-related sale after receiving restricted stock.