BeOne Medicines President & COO Wu Xiaobin Sells 1,484 ADS Shares for Tax Withholding

Wu Xiaobin, President and COO of BeOne Medicines Ltd. (ONC), filed a Form 4 disclosing the sale of 1,484 American Depositary Shares (ADS) on June 8, 2026. The sales were executed at weighted average prices of $269.3325 and $270.55 per ADS, generating total proceeds of approximately $400,000. According to footnotes, these sales were mandatory tax withholding transactions related to the vesting of restricted share unit awards granted to the executive. The sales reduced Wu's direct ADS holdings from 12,365 to 0, though he maintains significant ownership through 1,197,713 ordinary shares and indirect holdings of 4,000 ADS through his wife. The filing indicates that 1/4th of the securities will vest annually starting from June 5, 2024, with accelerated vesting provisions for certain termination events following a change in control.