GRAWUNDER ULF enters ADAGENE INC. with 25K shares plus derivative instruments
Holding both equity and derivatives at entry signals strong long-term conviction in the company.
Direct Derivatives
Filed: 3/17/2026ACC: 0002120696-26-000001
25K
Baseline shares
100% direct
25K
Direct ownership
1 position
65K
Derivative underlying
2 instruments
1
Security positions
All direct
Non-Derivative Holdings1
Ordinary Shares
DirectShares owned25K
Total
25K direct25K
| Security Title | Shares Owned | Ownership Type |
|---|---|---|
| Ordinary Shares | 25K | Direct |
| Total | 25K | 25K direct |
Derivative Holdings2
Nonqualified Stock Options
DirectUnderlying security
ADAG Ordinary Shares
Underlying shares
40K
Shares owned
N/A
Exercise price
2.26
Expiration
—
Exercise window
—
Nonqualified Stock Options
DirectUnderlying security
ADAG Ordinary Shares
Underlying shares
25K
Shares owned
N/A
Exercise price
2.032
Expiration
—
Exercise window
—
Total
Underlying
65K
Owned
0.00
| Security | Underlying | Exercise Price | Exercise Window | Expiration | Underlying Shares | Shares Owned |
|---|---|---|---|---|---|---|
| Nonqualified Stock Options Direct | ADAG Ordinary Shares | 2.26 | — | — | 40K | N/A |
| Nonqualified Stock Options Direct | ADAG Ordinary Shares | 2.032 | — | — | 25K | N/A |
| Total | 65K | 0.00 | ||||