Founder Group (FGL) CEO Lee Seng Chi Receives Monthly Share Awards

What Happened

• Lee Seng Chi, CEO of Founder Group Ltd (FGL), was granted two monthly share awards (transaction code A) as part of his annual equity compensation. On 2026-07-15 he received 12,500 Class B Ordinary Shares at an effective price of $1.40 per share ($17,500). On 2026-08-15 he received 17,677 Class B Ordinary Shares at an effective price of $0.99 per share ($17,500). Total: 30,177 shares worth $35,000.
• These were compensation grants (awarded shares), not open-market purchases or sales, so they reflect pay delivery rather than a direct trading signal.

Key Details

• Transaction dates & prices: 2026-07-15 — 12,500 shares @ $1.40 ($17,500); 2026-08-15 — 17,677 shares @ $0.99 ($17,500).
• Total shares granted: 30,177; total value reported: $35,000.
• Shares owned after transaction: not disclosed in this Form 4.
• Footnotes: Each monthly grant equals one‑twelfth of the CEO’s $210,000 annual share compensation. The July grant share count was determined using Nasdaq closing price on 6/30/2026 ($1.40); the August grant used the Nasdaq close on 7/31/2026 ($0.99).
• Filing timeliness: The Form 4 was filed on 2026-08-24 covering transactions dated 7/15 and 8/15; Form 4s are generally due within two business days of the transaction, so this filing appears late (delays public disclosure).

Context

• These awards are routine compensation (monthly equity pay) rather than purchases or sales; such grants are common for executives and do not by themselves indicate a buy/sell market signal.
• Transaction code A denotes an award/grant. No indication in the filing of immediate sales, option exercises, tax-withholding shares, or a 10% owner status.