Shen Zheng John 4

What Happened

• Director Shen Zheng John exercised stock options on Feb 23, 2026 and immediately sold the resulting shares. He exercised 1,508 options at $53.07 (paid $80,030) and 995 options at $60.37 (paid $60,068), acquiring 2,503 shares total. Those shares were sold in the open market the same day: 1,508 shares at $175.96 ($265,342) and 995 shares at $175.96 ($175,077), for total gross proceeds of $440,419. After accounting for the option exercise payments ($140,098), the approximate net cash received was $300,321.

Key Details

• Transaction date: 2026-02-23 (reported on Form 4 filed 2026-02-24).
• Option exercises: 1,508 @ $53.07 (cost $80,030); 995 @ $60.37 (cost $60,068).
• Open-market sales: 1,508 @ $175.96 ($265,342); 995 @ $175.96 ($175,077).
• Derivative entries at $0.00 for 1,508 and 995 shares reflect conversion/disposition of the option instruments upon exercise.
• Shares sold: 2,503; total proceeds: $440,419; total exercise cost: $140,098; net cash ≈ $300,321.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding, or other footnotes were supplied in the data provided.

Context

• This was a classic exercise-and-sell (cashless exercise): options were exercised and the resulting shares were immediately sold in the open market. Because the shares were sold rather than retained, the transaction is not a clear ongoing bullish vote on the stock — it primarily realizes value from existing option grants. As a director (not a reported 10% owner), these transactions are routine insider exercises/sales commonly used to monetize compensation.