Lai Jimmy Y. 4

What Happened

• Director Lai Jimmy Y. exercised 3,997 stock options on May 28, 2026 (exercise price $4.50 per share) and the resulting ADSs were sold in the open market the same day at a weighted average price of $11.5265, generating gross proceeds of approximately $46,071.42. The exercise cost was $4.50 per share (total $17,986.50).
• On May 29, 2026, Lai was granted a time‑based RSU award of 11,450 shares with no exercise price; those RSUs are scheduled to vest on June 1, 2027.

Key Details

• Transaction dates: Option exercise and sale — May 28, 2026; RSU grant — May 29, 2026.
• Sale price: weighted average $11.5265 per share; gross sale proceeds ≈ $46,071.42.
• Exercise price: $4.50 per share (3,997 options exercised).
• RSU grant: 11,450 shares, no exercise price, vests on June 1, 2027 (no expiration noted).
• Shares owned after the transactions: not specified in the filing.
• Filing: Form 4 filed June 1, 2026 for a May 28 transaction — filed after the typical 2-business-day window (appears late).

Context

• This was an exercise-and-sell transaction (the options were exercised and the resulting ADSs were sold the same day), a common way for insiders to realize gains from vested options; it does not necessarily indicate a view on the company's long-term prospects.
• The newly granted RSUs are a form of compensation that will convert to shares if and when they vest (June 1, 2027).