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BeOne Medicines Ltd.·4

Jun 15, 5:55 PM ET

Lee Chan Henry 4

Research Summary

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Updated

BeOne Medicines (ONC) SVP/GC Lee Chan Henry Receives RSUs; Sells Shares

What Happened

  • Lee Chan Henry, Senior Vice President and General Counsel of BeOne Medicines (ONC), had a small open‑market sale and larger awards recorded on 2026-06-11. He sold 428 American Depositary Shares (ADSs) at $257.63 each for total proceeds of $110,268. At the same time he was granted/received awards totaling 132,379 ADSs (45,071 ADSs reported as one award and 87,308 ADSs reported as a derivative award) valued at $0 on grant (these are restricted share units, not immediate cash purchases).
  • The RSU awards are subject to vesting; together the 132,379 ADSs equal approximately 1,720,927 ordinary shares on an underlying basis (see footnote on ADS ratio).

Key Details

  • Transaction date: 2026-06-11; Form 4 filed 2026-06-15.
  • Sale: 428 ADSs @ $257.63 = $110,268 (footnote F3 indicates this sale was made to satisfy mandatory tax withholding in connection with RSU vesting).
  • Awards: 45,071 ADSs (footnote F1) and 87,308 ADSs (derivative, footnote F5) granted/awarded at $0 (restricted share units).
  • ADS conversion: per footnote F2, each ADS represents 13 ordinary shares (so 428 ADSs = 5,564 ordinary shares; 132,379 ADSs ≈ 1,720,927 ordinary shares).
  • Vesting: RSUs vest over a four‑year schedule (25% on the first anniversary with the balance vesting monthly over the following 36 months per F5; F1/F3 reference similar annual 1/4th vesting and accelerated vesting on certain termination/change‑in‑control events).
  • Shares owned after transaction: not specified in the provided excerpt.
  • Filing timeliness: Form filed 6/15/2026 for a 6/11/2026 transaction; the filing shows on its face and does not flag a late filing.

Context

  • The awards are RSUs (restricted share units), which are grants that convert into shares over time if the executive remains employed or upon certain qualifying events; they are not an immediate purchase signal. The small sale reported here was a tax‑withholding sale related to RSU vesting, per the filing, which is a routine administrative transaction rather than an independent investment decision.