ZHAO QINGHAI

PrivateCIK: 2115351

Location

SAN DIEGO, CA

ZHAO QINGHAI enters ADAGENE INC. with 167.71K shares plus derivative instruments

Holding both equity and derivatives at entry signals strong long-term conviction in the company.

Direct Derivatives

ZHAO QINGHAI

Filed: 3/18/2026ACC: 0001104659-26-029997

InsiderZHAO QINGHAICIK 2115351

→

IssuerADAGENE INC.CIK 1818838

Officer· Chief Manufacturing Officer

Since Mar 2026

167.71K

Baseline shares

100% direct

167.71K

Direct ownership

2 positions

577.88K

Derivative underlying

8 instruments

2

Security positions

All direct

Non-Derivative Holdings2

Ordinary Shares

Direct

Shares owned130.21K

Restricted Stock Unit

Direct

Shares owned37.50K

Total

167.71K direct167.71K

Security Title	Shares Owned	Ownership Type
Ordinary Shares	130.21K	Direct
Restricted Stock Unit	37.50K	Direct
Total	167.71K	167.71K direct

Derivative Holdings8

Incentive Stock Option (Right to Buy)

Direct

Underlying security

Ordinary Shares

Underlying shares

50K

Shares owned

N/A

Exercise price

1.04

Expiration

—

Exercise window

—

Incentive Stock Option (Right to Buy)

Direct

Underlying security

Ordinary Shares

Underlying shares

130.54K

Shares owned

N/A

Exercise price

2.26

Expiration

—

Exercise window

—

Incentive Stock Option (Right to Buy)

Direct

Underlying security

Ordinary Shares

Underlying shares

1.25K

Shares owned

N/A

Exercise price

5.60

Expiration

—

Exercise window

—

Incentive Stock Option (Right to Buy)

Direct

Underlying security

Ordinary Shares

Underlying shares

50K

Shares owned

N/A

Exercise price

1.33

Expiration

—

Exercise window

—

Incentive Stock Option (Right to Buy)

Direct

Underlying security

Ordinary Shares

Underlying shares

80K

Shares owned

N/A

Exercise price

2.032

Expiration

—

Exercise window

—

Incentive Stock Option (Right to Buy)

Direct

Underlying security

Ordinary Shares

Underlying shares

50K

Shares owned

N/A

Exercise price

1.55

Expiration

—

Exercise window

—

Incentive Stock Option (Right to Buy)

Direct

Underlying security

Ordinary Shares

Underlying shares

81.70K

Shares owned

N/A

Exercise price

1.408

Expiration

—

Exercise window

—

Incentive Stock Option (Right to Buy)

Direct

Underlying security

Ordinary Shares

Underlying shares

134.39K

Shares owned

N/A

Exercise price

1.73

Expiration

—

Exercise window

—

Total

Underlying

577.88K

Owned

0.00

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Incentive Stock Option (Right to Buy) Direct	Ordinary Shares	1.04	—	—	50K	N/A
Incentive Stock Option (Right to Buy) Direct	Ordinary Shares	2.26	—	—	130.54K	N/A
Incentive Stock Option (Right to Buy) Direct	Ordinary Shares	5.60	—	—	1.25K	N/A
Incentive Stock Option (Right to Buy) Direct	Ordinary Shares	1.33	—	—	50K	N/A
Incentive Stock Option (Right to Buy) Direct	Ordinary Shares	2.032	—	—	80K	N/A
Incentive Stock Option (Right to Buy) Direct	Ordinary Shares	1.55	—	—	50K	N/A
Incentive Stock Option (Right to Buy) Direct	Ordinary Shares	1.408	—	—	81.70K	N/A
Incentive Stock Option (Right to Buy) Direct	Ordinary Shares	1.73	—	—	134.39K	N/A
Total					577.88K	0.00

ZHAO QINGHAI — Initial Ownership Disclosure (Form 3) Filed Mar 18, 2026 | Finecho