Lu Shao-Ta 4

What Happened

• Director Lu Shao‑Ta received 5,749 restricted share units (RSUs) that vested on June 30, 2026 and were converted/exercised into 5,749 ordinary shares. The RSUs had no cash exercise price (reported $0.00); the original aggregate target grant‑date fair value for the granted RSUs was $60,000 (granted March 31, 2026).
• This was an award/vesting event and conversion of the derivative RSUs into shares, not a market purchase or sale of ordinary shares. The filing shows both the award (code A) and the conversion/exercise (code M); the reported disposition (code M) reflects cancellation/conversion of the derivative RSUs rather than a public sale of shares.

Key Details

• Transaction date: 2026-06-30. Report filed: 2026-07-01 (appears timely).
• Reported amounts/prices: 5,749 RSUs awarded (A) @ $0.00; conversion/exercise (M) to 5,749 shares @ $0.00. Grant target fair value on March 31, 2026 was $60,000.
• Shares owned after transaction: not specified in the provided data.
• Footnotes: F1 defines RSUs as contingent rights to one ordinary share each; F2 describes the Equity Incentive Plan grant mechanics and $15,000-per-quarter sizing method; F3 confirms the RSUs became a fixed entitlement on the June 30 vesting date.
• Transaction codes: A = Award/Grant, M = Exercise/Conversion. No 10b5‑1 or tax‑withholding details were disclosed in the provided extract.

Context

• For retail investors: this is a routine equity‑compensation vesting and conversion event, not an open‑market purchase or sale. Because the RSUs converted at $0 exercise price and were part of compensation, this does not necessarily signal buying/selling intent by the insider.
• The grant’s target fair value ($60k at grant) gives a sense of economic size, but the actual number of RSUs was determined by a VWAP‑based formula described in the footnote.