Wang Lai 4
4 · BeOne Medicines Ltd. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
BeOne Medicines (ONC) President Wang Lai Sells 1,169 ADS
What Happened
- Wang Lai, President and Global Head of R&D of BeOne Medicines (ONC), disposed of 1,169 American Depositary Shares (ADS) on 2026-06-16. The weighted-average price was $265.39 per ADS, for total proceeds of $310,236. The shares were sold in multiple transactions at prices ranging from $265.385 to $265.775.
- This was a sale (not a purchase) effected to satisfy a mandatory tax withholding obligation in connection with the vesting of restricted share units (RSUs), not an independent open-market investment decision.
Key Details
- Transaction date: 2026-06-16; Form 4 filed: 2026-06-18 (appears timely within the two-business-day requirement).
- Reported sale: 1,169 ADS; weighted-average price $265.39; price range $265.385–$265.775; proceeds $310,236.
- Reason/code: Tax withholding on RSU vesting (footnote F6 / transaction code F).
- Vesting detail: RSUs vest 1/4th on each anniversary of June 15, 2023, subject to continued service; unvested shares may accelerate on certain terminations (F6).
- ADS conversion: 1 ADS represents 13 ordinary shares (F5).
- Shares owned after transaction: Not disclosed in this filing.
- Other footnotes of note: Securities held partly through Wang Holdings LLC (reporting person disclaims beneficial ownership) (F1). The filing also references participation in a PRC RMB Shares Employee Participation Plan and related disclaimers of beneficial ownership/pecuniary interest (F2–F4).
Context
- Sales to cover tax withholding on vesting are common and generally considered routine; they do not necessarily signal the insider’s view of the company’s prospects.
- For broader insider activity, compare this transaction with other recent insider filings (purchases are typically more indicative of bullish sentiment).
Insider Transaction Report
Form 4
Wang Lai
President, Global Head of R&D
Transactions
- Sale
American Depositary Shares
[F5][F6][F7]2026-06-16$265.39/sh−1,169$310,236→ 0 total
Holdings
- 1,694,888
Ordinary Shares
- 601,965(indirect: See Footnote)
Ordinary Shares
[F1] - 0(indirect: See Footnote)
RMB Shares
[F2][F3][F4]
Footnotes (7)
- [F1]These securities are held by Wang Holdings LLC, the limited liability company interests of which are owned by the Reporting Person, his spouse and a trust created by the Reporting Person for the benefit of his spouse and children, for which the Reporting Person disclaims beneficial ownership.
- [F2]The term "RMB Shares" is used herein to represent the ordinary shares, par value $0.0001 per share, of the Issuer, issued directly by the Issuer in the Issuer's initial public offering on the Science and Technology Innovation Board (the "STAR Market") of the Shanghai Stock Exchange (the "STAR Offering"), to permitted investors in Renminbi ("RMB") within the People's Republic of China ("PRC") in accordance with the rules of the STAR Market.
- [F3]The Issuer established an employee participation program ("RMB Shares Employee Participation Plan"), which allows certain executive officers and qualified employees of the Issuer's subsidiaries in the PRC to indirectly participate in the STAR Offering and purchase certain RMB Shares from the Issuer through an asset management plan administrated by China International Capital Corporation Limited in a transaction that is exempt under Rule 16b-3. The RMB Share Employee Participation Plan purchased an aggregate of 2,069,546 RMB Shares directly from the Issuer in the STAR Offering at the initial public offering price of RMB192.6 per RMB Share (or $30.1295 based on an assumed exchange rate of $1.00 = RMB6.3924).
- [F4]The Reporting Person, as an individual participant in the RMB Shares Employee Participation Plan, has contributed RMB10 million to the RMB Shares Employee Participation Plan. The Reporting Person may be deemed to have indirect economic interest in an indeterminable portion of the RMB Shares held by the RMB Shares Employee Participation Plan but does not have voting or dispositive power over any of such shares. The Reporting Person disclaims Section 16 beneficial ownership of the RMB Shares held by the RMB Shares Employee Participation Plan, except to the extent, if any, of his pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such RMB Shares for Section 16 or any other purpose.
- [F5]Each American Depositary Share represents 13 Ordinary Shares.
- [F6]The sale was effected pursuant to a mandatory tax withholding provision in the Reporting Person's restricted share unit award agreement in connection with the vesting of a restricted share unit award previously granted to the Reporting Person. 1/4th of the securities will vest on each anniversary of June 15, 2023, subject to continued service. Unvested securities are subject to accelerated vesting upon certain termination events.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $265.385 to $265.775, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of American Depositary Shares sold at each separate price.
Signature
/s/ Qing Nian, as Attorney-in-Fact|2026-06-18