XCHG CFO Joel Gallo Vests 1,000,000 RSUs

What Happened

• Joel Adalberto Gallo, Chief Financial Officer of XCHG Ltd (XCH), reported the vesting of 1,000,000 restricted stock units (RSUs) on August 4, 2026. The Form 4 records an acquisition (exercise/conversion of a derivative) of 1,000,000 shares and a related disposition of 1,000,000 derivative shares on that same date. No per-share price or total dollar value is reported (listed as N/A).
• The filing identifies this activity as RSU vesting (see footnote F1). These RSUs represent the contingent right to receive one Class A Ordinary Share (or equivalent cash value) upon settlement; they may alternatively be settled in American Depositary Shares (each ADS = 40 Class A Ordinary Shares).

Key Details

• Transaction date: August 4, 2026 (report filed August 5, 2026).
• Reported transaction type/code: M (exercise/conversion of derivative); price: N/A.
• Shares acquired: 1,000,000 (derivative converted/vested). Shares disposed: 1,000,000 (derivative) — both reported on the same date.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: F1 states the transaction reflects RSU vesting and that Mr. Gallo holds an additional 3,000,000 RSUs that will vest in three equal annual installments beginning August 4, 2027; each RSU vests into one Class A Ordinary Share (or cash/ADS equivalent).
• Filing timeliness: Report appears timely (filed one day after the transaction date). Power of Attorney referenced was previously filed (Form 3, Mar 18, 2026).

Context

• This report reflects compensation vesting (awarded RSUs) rather than an open-market buy or discretionary sale. Such vesting is routine for executive compensation and does not, by itself, indicate a trading decision or change in view about the company.
• The Form 4 shows both conversion/acquisition and a matching disposition of derivative shares on the same date; the footnote attributes the activity to RSU vesting (settlement details — e.g., cash vs. shares or withholding — are not specified).