Founder Group CEO Lee Seng Chi Receives 30,000-Share Award

What Happened
Lee Seng Chi, CEO of Founder Group Ltd (FGL), was granted 30,000 Class B Ordinary Shares on June 11, 2026 at a board-determined price of $2.00 per share, for a total value of $60,000. This transaction is coded as an award/grant (Form 4 code A) and represents compensation paid in shares in lieu of cash.

Key Details

• Transaction date: 2026-06-11
• Transaction type/code: Grant/Award (A) — performance bonus compensation
• Shares acquired: 30,000 Class B Ordinary Shares
• Price per share: $2.00; aggregate value: $60,000
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnote: F1 states the 30,000 Class B shares were granted as a performance bonus in lieu of a $60,000 cash payment, based on the Board’s $2.00/share valuation on June 11, 2026
• Filing: Form 4 filed with the SEC on 2026-07-20 (Accession 0001213900-26-079435) — this is 39 days after the transaction date, which is later than the typical 2-business-day Form 4 reporting window

Context
Awards and grants are compensation and do not carry the same market-signaling weight as open-market purchases or sales. They can increase an insider’s holdings and potentially dilute outstanding shares, but they primarily reflect pay/bonus decisions by the company rather than a direct buy/sell decision by the insider.