LU YANG 4

What Happened Lu Yang, a reported 10% owner of Adlai Nortye Ltd. (ANL), sold 10 shares on 2026-05-13 at $13.18 per share for total proceeds of $132. The transaction is reported as an open-market or private sale (code S). This is a small-volume sale and, unlike purchases, sales are often routine and may not indicate a change in insider sentiment.

Key Details

• Transaction date and price: 2026-05-13 — 10 shares at $13.18 each (total $132).
• Transaction type: Reported as "Open market or private sale" (Form 4 code S).
• Shares owned after transaction: Not specified in the provided filing.
• Filing date: Form 4 filed 2026-05-21 — eight days after the trade, which appears to exceed the 2-business-day SEC filing window (possible late filing).
• Footnotes/plan codes: None noted in the provided summary (no 10b5-1, tax withholding, or grant language reported).

Context As a 10% owner, Lu Yang is a significant shareholder under Section 16 reporting rules; such holders must disclose transactions but are not company executives. The sale amount ($132) is immaterial in size, so it provides limited insight into the insider's view of the company. Retail investors should weigh this small, likely routine sale accordingly and look for larger or repeated insider purchases for stronger signals.