Form 4: BeiGene CFO Julia Wang Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Chief Financial Officer Julia Wang sold American Depositary Shares of BeiGene, Ltd. to satisfy tax withholding obligations related to vesting restricted share units.
Summary
- On July 1, 2024, Julia Wang, the Chief Financial Officer of BeiGene, Ltd., sold 472 American Depositary Shares (ADS) at a price of $143.8955 per ADS.
- The sale was executed to cover mandatory tax withholding requirements associated with the vesting of restricted share units previously granted to Wang.
- These shares were sold in multiple transactions at prices ranging from $143.8513 to $144.06.
- Following the transaction, Wang directly owns 426,595 ordinary shares.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares for tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares by company executives to cover tax obligations upon vesting of restricted stock units are a common practice.
Key Dates
| Date | Description |
|---|---|
| June 30, 2020 | Initial grant date of restricted share units, vesting 1/4th annually subject to continued service. |
| 07/01/2024 | Date of the transaction where 472 American Depositary Shares were sold. |
| 07/03/2024 | Date of signature for the Form 4 filing. |
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