Form 4: BeiGene Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Titus B. Ball, Principal Accounting Officer of BeiGene, Ltd., sold American Depositary Shares to satisfy tax withholding obligations related to vesting restricted share units.
Summary
- On September 3, 2024, Titus B. Ball, the Principal Accounting Officer of BeiGene, Ltd., sold 137 American Depositary Shares (ADS).
- The sale was executed at a price of $189.9413 per ADS.
- The transaction was conducted to cover mandatory tax withholding requirements associated with the vesting of restricted share units.
- Following the transaction, Mr. Ball directly owns 46,124 ordinary shares of BeiGene, Ltd.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares for tax obligations) and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares by company officers to cover tax obligations upon vesting of restricted stock units are a common practice.
Key Dates
| Date | Description |
|---|---|
| August 31, 2023 | Date of restricted share unit award, with 1/4th of the securities vesting on each anniversary, subject to continued service. |
| 09/03/2024 | Date of transaction: Sale of 137 American Depositary Shares. |
| 09/05/2024 | Date of signature on the Form 4 filing. |
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