WANG DAVID H

PrivateCIK: 1721580
Location

FREMONT, CA

WANG DAVID H (See Remarks) sold 13.9% of their position (130K shares) of ACM RESEARCH, INC. on the open market

Open‑market sale worth $4.36M — a moderate reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 4 sales
InsiderWANG DAVID HCIK 1721580
IssuerACM RESEARCH, INC.CIK 1680062
DirectorOfficer10% Owner· See Remarks
Since Jun 2018
-130K
Net shares
Net seller
$4.36M
Total sold
4
Open market trades
0B · 4S
8
Total transactions
130K acquired · 260K disposed
Non-Derivative Transactions6

Class A Common Stock

Direct
M · Option Exercise

Shares

+70K

Price / share

$1.00

Trade value

$70K

% of position

8.7%
12/3/2025
802.71K872.71K

Class A Common Stock

Direct
S · Sale

Shares

68.80K

Price / share

$33.05

Trade value

$2.27M

% of position

7.9%
12/3/2025
872.71K803.91K

Class A Common Stock

Direct
S · Sale

Shares

1.20K

Price / share

$33.56

Trade value

$40.27K

% of position

0.1%
12/3/2025
803.91K802.71K

Class A Common Stock

Direct
M · Option Exercise

Shares

+60K

Price / share

$1.00

Trade value

$60K

% of position

7.5%
12/4/2025
802.71K862.71K

Class A Common Stock

Direct
S · Sale

Shares

19.82K

Price / share

$33.52

Trade value

$664.27K

% of position

2.3%
12/4/2025
862.71K842.89K

Class A Common Stock

Direct
S · Sale

Shares

40.18K

Price / share

$34.42

Trade value

$1.38M

% of position

4.8%
12/4/2025
842.89K802.71K
Total

Net shares

+0.00

Net value

-$4.23M

Derivative Transactions2

Stock Option

Direct
M · Option Exercise
Converts to

Class A Common Stock

70K shares

Shares

70K

Strike price

1

Held after

540K

Exercisable

12/3/2025

Stock Option

Direct
M · Option Exercise
Converts to

Class A Common Stock

60K shares

Shares

60K

Strike price

1

Held after

480K

Exercisable

12/4/2025
Non-Derivative Holdings (Post-Transaction)4

Class A Common Stock

Indirect
Shares owned45.84K

Class A Common Stock

Indirect
Shares owned180K

Class A Common Stock

Indirect
Shares owned100K

Class A Common Stock

Indirect
Shares owned620K
Total
945.84K indirect945.84K
Derivative Holdings (Post-Transaction)0
No derivative holdings reported
WANG DAVID H — Insider Transaction (Form 4) Filed Dec 5, 2025 | Finecho