WEIBO (WB) Director Wang Yan Sells 31,200 Shares

What Happened
Wang Yan, a director of WEIBO Corp (WB), disposed of 31,200 American depositary shares (ADS) back to the issuer on 2026-08-26 at $7.10 per ADS, for reported proceeds of $221,539. The filing (Accession 0001104659-26-102668) was submitted on 2026-08-28.

Key Details

• Transaction date and price: 2026-08-26, disposition to issuer at $7.10 per ADS.
• Shares involved: 31,200 ADS (each ADS = 1 Class A ordinary share per footnote).
• Reported proceeds: $221,539.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: F1 — Each American depositary share represents one Class A ordinary share.
• Filing timeliness: Form 4 filed on 2026-08-28 (appears to be within the required two business days).

Context
A "disposition to the issuer" (transaction code D) means the shares were transferred back to the company (for example, surrender/repurchase or similar corporate transfer) rather than sold on the open market. Sales by insiders can be routine and are not, by themselves, definitive signals of management sentiment; they should be considered alongside other filings and company news.