Wang Lai 4
4 · BeOne Medicines Ltd. · Filed Jun 25, 2026
Research Summary
AI-generated summary of this filing
BeOne Medicines (ONC) President Wang Lai Sells 1,068 Shares
What Happened
- Wang Lai, President and Global Head of R&D at BeOne Medicines (ONC), disposed of 1,068 ADS on 2026-06-23 at $276.74 each, totaling $295,553. The transaction is reported as a sale (S) but was effected to satisfy mandatory tax withholding tied to the vesting of restricted stock units (RSUs).
Key Details
- Transaction date and price: 2026-06-23 — 1,068 shares @ $276.74; proceeds $295,553.
- Filing date / timeliness: Report filed 2026-06-25 (within the normal two-business-day Form 4 reporting window).
- Reason for sale: Mandatory tax withholding on vested RSUs (footnote F6). The RSU award vests in quarterly/anniversary increments (1/4 vests each year since June 22, 2022), subject to continued service and certain acceleration events.
- Ownership reporting notes: The filing discloses holdings through Wang Holdings LLC and participation in an RMB-shares employee plan; the reporting person disclaims beneficial ownership of certain plan-held shares (see footnotes F1–F4). Each American Depositary Share (ADS) represents 13 ordinary shares (F5).
- Shares owned after the reported transaction: Not specified in the provided excerpt of the filing.
Context
- This sale was a tax-withholding disposition tied to RSU vesting (routine for executives) rather than an open-market decision to reduce exposure. Such withholding sales are common and do not necessarily indicate a view on company prospects.
- Transaction code: S = Sale; the sale was effected pursuant to a tax-withholding provision (per footnote F6).
Insider Transaction Report
Form 4
Wang Lai
President, Global Head of R&D
Transactions
- Sale
American Depositary Shares
[F5][F6]2026-06-23$276.74/sh−1,068$295,553→ 0 total
Holdings
- 1,681,004
Ordinary Shares
- 601,965(indirect: See Footnote)
Ordinary Shares
[F1] - 0(indirect: See Footnote)
RMB Shares
[F2][F3][F4]
Footnotes (6)
- [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 22, 2022, subject to continued service. Unvested securities are subject to accelerated vesting upon certain termination events.
Signature
/s/ Qing Nian, as Attorney-in-Fact|2026-06-25