Weibo Corp (NASDAQ: WB) director discloses ADS and restricted share holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Weibo Corp director Lu Pochin Christopher has filed an initial Form 3 reporting his beneficial ownership in the company. He directly holds 45,700 American depositary shares (ADS), with each ADS representing one Class A ordinary share. The filing also lists several blocks of restricted shares that are convertible into Class A ordinary shares at an exercise price of $0.0000 per share. These restricted shares cover multiple tranches of 6,250 underlying Class A ordinary shares each, plus one tranche of 3,050 underlying shares, with exercise dates running from May 16, 2026 through November 16, 2028. The restricted shares do not have an expiration date, indicating they remain outstanding until they are settled according to their terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Lu Pochin Christopher
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Share | -- | -- | -- |
| holding | Restricted Share | -- | -- | -- |
| holding | Restricted Share | -- | -- | -- |
| holding | Restricted Share | -- | -- | -- |
| holding | Restricted Share | -- | -- | -- |
| holding | Restricted Share | -- | -- | -- |
| holding | ADS | -- | -- | -- |
Holdings After Transaction:
Restricted Share — 6,250 shares (Direct);
ADS — 45,700 shares (Direct)
Footnotes (1)
- Each American depositary share represents one Class A ordinary share. The restricted shares do not have an exipration date.
FAQ
What does Weibo (WB) director Lu Pochin Christopher report on this Form 3?
He reports his initial beneficial ownership in Weibo, including 45,700 ADS held directly and several blocks of restricted shares. These restricted shares convert into Class A ordinary shares at an exercise price of $0.0000 per share over coming years.