XCHG Ltd: independent director Alberto Mendez Rebollo exercised 0 shares

What happened

• Alberto Mendez Rebollo, an independent director, reported an exercise or conversion of a derivative (transaction code M) that shows 0 shares acquired at $0.00 on Mar 18, 2026.
• The Form 4 filed Oct 23, 2026, states it is being filed solely to reflect that, effective Oct 21, 2026, the reporting person ceased serving as an independent director and is no longer subject to Section 16. The beneficial ownership information is unchanged from the Form 3 filed Mar 18, 2026.

Key details

• Transaction date and price: Mar 18, 2026; exercise/conversion; $0.00; transaction code M.
• Shares acquired: 0 shares; total value reported $0.
• Shares owned after the transaction: unchanged from the Form 3 filed Mar 18, 2026 (beneficial ownership not changed).
• Power of attorney: previously filed as an exhibit to the Form 3 filed Mar 18, 2026 and incorporated by reference in this Form 4.
• Filing date: Oct 23, 2026; Form states it was filed to reflect cessation effective Oct 21, 2026.

Why it may matter

• Options exercise: the filing reports an exercise or conversion of a derivative but shows 0 shares acquired and no sale reported.
• This is not reported as a gift or market sale in the Form 4.
• The reporting person is no longer subject to Section 16 as of Oct 21, 2026. A filing does not show why the insider traded or why the company acted.