China Yuchai (CYD) CFO Loo Choon Sen Exercises Options, Sells Shares

What Happened

• Loo Choon Sen, Chief Financial Officer of China Yuchai International Ltd (CYD), exercised options to acquire 13,200 shares and sold all 13,200 shares on August 12, 2026.
• Exercise: 13,200 shares at $26.03 per share for a cash cost of $343,596.
• Sales: 13,134 shares sold at an average reported price of $46.95 ($616,633 proceeds) and 66 shares sold at $47.48 ($3,134 proceeds). Total sale proceeds ≈ $619,767.
• This transaction is primarily a disposition (sold same-day after exercise), commonly a cashless exercise rather than a new long-term purchase.

Key Details

• Transaction date: August 12, 2026; Form 4 filed August 14, 2026 (appears filed within the standard 2-business-day window).
• Exercise details: 13,200 options exercised (transaction code M); corresponding derivative interest reported as disposed (0.00 value) consistent with options being converted to shares.
• Sales: two reported sale legs — 13,134 shares @ $46.95 and 66 shares @ $47.48. Footnote: weighted average pricing noted; shares were sold at prices in a range reported as $46.438 to $47.410 per share, and the filer can provide per‑price breakdown on request.
• Shares owned after the transactions: not disclosed in the provided filing.
• No 10b5-1 plan, gift, or tax‑withholding notation was reported in the supplied information.

Context

• For retail investors: this was effectively a cashless exercise — the CFO exercised options and immediately sold the resulting shares for net proceeds (sale proceeds minus exercise cost). Such transactions are often routine monetizations of vested options and do not by themselves signal a change in insider sentiment.
• Derivative note: the “M” code indicates option exercise/conversion; the separate zero-dollar disposition entry reflects cancellation of the derivative instrument when shares were issued.