LEE CONWAY KONG WAI 4

What Happened

Lee Conway Kong Wai, a director of Intchains Group Ltd (ICG), was granted 23,622 fully vested Class A ordinary shares on May 6, 2026. The Form 4 reports the shares as acquired at $0.00 (award/grant code A); the issuer values the award at a fixed US$30,000 based on the deemed closing price on May 5, 2026. The shares are subject to a six-month lock-up and are classified as control securities under Rule 144.

Key Details

• Transaction date and filing: Award dated May 6, 2026; Form 4 filed May 7, 2026 (timely reporting).
• Transaction type/code: Award/Grant (code A), acquired at $0.00 in the filing; issuer assigns a fixed value of US$30,000.
• Number of shares: 23,622 Class A ordinary shares.
• Ownership after transaction: Not disclosed in this filing.
• Lock-up/resale notes: Shares are fully vested but subject to a six-month lock-up and treated as control securities under Rule 144.
• Footnote: Award value determined as US$30,000 divided by the deemed closing price as of May 5, 2026.

Context

This was a compensatory award, not an open-market purchase or sale. Awards like this typically reflect compensation or retention arrangements rather than an immediate market-view trade; the six-month lock-up and Rule 144 treatment restrict resale for a period. No late filing was indicated.