Wang Henry C 4

What Happened

Henry C. Wang, Chief Legal Officer of Herbalife Ltd. (HLF), had shares withheld to satisfy tax obligations tied to vested restricted stock units. On 2026-05-03, 6,197 shares were withheld at $16.28 per share for proceeds of $100,887. On 2026-05-04, 4,365 shares were withheld at $15.82 per share for proceeds of $69,054. Combined, 10,562 shares were withheld, totaling approximately $169,941. These transactions are recorded as tax-withholding (Form 4 code F) rather than open-market sales.

Key Details

• Transaction dates and prices:
  • 2026-05-03: 6,197 shares @ $16.28 = $100,887 (withheld for taxes; footnote F1)
  • 2026-05-04: 4,365 shares @ $15.82 = $69,054 (withheld for taxes; footnote F2)
• Total shares withheld: 10,562; total value ≈ $169,941.
• Shares owned after transaction: not specified in the provided details; filing notes the balance includes 4,099 shares purchased through the company Employee Stock Purchase Plan (footnote F3) that were not previously reported.
• Footnotes:
  • F1: Withholding relates to RSUs granted May 3, 2024.
  • F2: Withholding relates to RSUs granted May 4, 2023.
  • F3: Balance includes 4,099 ESPP shares not previously reported.
• Filing: Form filed 2026-05-05 for transactions on 2026-05-03 and 2026-05-04. This appears to be timely (filed within the typical two-business-day window).

Context

• These were tax-withholding dispositions tied to RSU vesting (routine administrative transactions), not open-market sales initiated by the insider; such withholding is common and does not necessarily signal a change in the insider’s view of the company.
• The ESPP shares (F3) indicate an employee purchase that was simply added to the reported balance.