LEE CHAE 4

What Happened

• Chae Lee, appointed Chief Executive Officer and director effective July 1, 2026, received initial equity awards from Magnachip Semiconductor (MX). The Form 4 reports two grants dated July 1, 2026: 288,750 shares granted at $0.00 (direct award) and 148,750 shares reported as a derivative award at $0.00. Total awarded: 437,500 shares; no cash paid at grant.

Key Details

• Transaction date(s): July 1, 2026. Filing date: July 6, 2026 (reporting period July 1, 2026).
• Prices: $0.00 per share for both grants (awards, not open-market purchases).
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnotes: The awards are initial equity grants under the Issuer’s 2020 Equity Incentive Plan and will vest over four years with a one‑year cliff, contingent on continued service (F1, F2).
• Derivative note: The 148,750-share item is labeled as a derivative award (commonly RSUs or option-type awards) — it is not an immediate sale or cash purchase.
• Appointment context: The board appointed Mr. Lee on June 26, 2026, effective July 1, 2026.

Context

• These are standard new-CEO compensation grants meant to align the executive with shareholder interests and vest over time; they do not represent an immediate market purchase or sale. Awards paid at $0 simply reflect equity granted rather than a cash transaction. For investors, purchases (insider buys) often carry more direct sentiment signal than grants, which are typically part of compensation packages.