Gates Industrial (GTES) Director Zhang Peifang Sells 11,000 Shares

What Happened
Zhang Peifang, a director of Gates Industrial Corp Ltd. (GTES), sold a total of 11,000 shares in two open-market transactions: 5,000 shares on 2026-08-04 at $29.76 per share (proceeds $148,800) and 6,000 shares on 2026-08-05 at $29.56 per share (proceeds $177,360). These were sales (dispositions), not purchases or option exercises.

Key Details

• Transaction dates and prices:
  • 2026-08-04: Sold 5,000 shares @ $29.76 — $148,800
  • 2026-08-05: Sold 6,000 shares @ $29.56 — $177,360
  • Total: 11,000 shares; total proceeds $326,160
• Filing: Report filed 2026-08-05 (timely under Form 4 rules for these transaction dates).
• Shares owned after the transactions: not specified in the details provided here (check the full Form 4 for post-transaction ownership).
• Footnote of note (F1): On July 20, 2026, Gates Industrial Corp Ltd. ("New Gates") became the successor issuer to Gates Industrial Corp plc ("Old Gates") via a redomiciliation (Scheme of Arrangement). Shareholders received one New Gates share for each Old Gates share; proportional ownership was unchanged.
• Exhibit listed: Exhibit 24 — Power of Attorney.
• No 10b5‑1 plan, tax-withholding, gift, or option-exercise notation was provided in the supplied summary.

Context: These were routine open-market sales by a company director. Sales can reflect many reasons (liquidity, portfolio rebalancing, etc.) and are not, by themselves, definitive signals about company prospects. For full context (post-transaction holdings and any additional disclosures), consult the complete Form 4 filing (Accession: 0001628280-26-053532).