Chen Hsiao-Chuan, VP and Head of Finance and Accounting at Perfect Corp., filed a Form 4 on October 26, 2026, reporting the disposal of Class A Ordinary Shares and the cancellation of all stock options in connection with the company's going-private transaction.

Key Highlights

  • Shares disposed: 69,932 Class A Ordinary Shares were disposed of on October 23, 2026, at $2.00 per share in cash pursuant to the going-private transaction.
  • Options canceled: Two tranches of stock options were canceled: 21,245 options with an exercise price of $3.95 and 21,250 options with an exercise price of $4.93.
  • Cancellation terms: All outstanding options were canceled in exchange for cash equal to the number of shares times the excess, if any, of the $2.00 merger consideration over the applicable exercise price, or for no consideration if the exercise price equaled or exceeded $2.00 per share.
  • Resulting ownership: Following the transactions, Chen Hsiao-Chuan beneficially owns 0 Class A Ordinary Shares and 0 derivative securities directly.
  • Section 16 status: The filing notes the reporting person is no longer subject to Section 16 obligations in connection with the issuer's equity securities as a result of the going-private transaction.

Perfect Corp. Going-Private Transaction Eliminates Chen Hsiao-Chuan's Equity Position

According to the filing, Chen Hsiao-Chuan, identified as VP and Head of Finance and Accounting at Perfect Corp. (NYSE:PERF), reported transactions dated October 23, 2026, all executed under transaction code "J," indicating disposals not involving open-market sales. The filing discloses that 69,932 Class A Ordinary Shares were disposed of pursuant to the going-private transaction in exchange for $2.00 per share in cash, leaving the reporting person with zero direct beneficial ownership of shares.

Two tranches of stock options were also canceled as part of the same going-private transaction. The first tranche consisted of 21,245 options with an exercise price of $3.95, which the filing states became exercisable in installments beginning January 21, 2024. The second tranche consisted of 21,250 options with an exercise price of $4.93, which the filing states became exercisable beginning May 23, 2025, with a remaining installment of 5,313 shares scheduled to become exercisable on May 23, 2027. The filing explains that because both exercise prices exceeded the $2.00 merger consideration, these options were canceled "for no consideration," according to the explanation of responses.

The filing further states that as a result of the going-private transaction, the reporting person "is no longer subject to Section 16 in connection with the reporting person's transactions in the equity securities of the issuer and therefore will no longer report any such transactions on Form 4 or Form 5." The form was signed by Pin-Jen (Louis) Chen as attorney-in-fact on October 26, 2026.

What Was Disclosed

Chen Hsiao-Chuan disclosed the disposal of 69,932 Class A Ordinary Shares at $2.00 per share and the cancellation of 42,495 total stock options, both resulting from Perfect Corp.'s going-private transaction, leaving the officer with zero beneficial ownership.