Peter Luo - 18 Mar 2026 Form 3 Insider Report for Adagene Inc. (ADAG)

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
3
Accepted by SEC
18 Mar 2026, 09:04:18 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Peter LUO

Key filing fact

Peter Luo filed Form 3 for Adagene Inc. (ADAG) on 18 Mar 2026.

Key facts

  • This page summarizes Peter Luo's Form 3 filing for Adagene Inc. (ADAG).
  • 0 reported transactions and 16 derivative rows are listed below.
  • Accepted by SEC: 18 Mar 2026, 09:04.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reporting Owners (1)

CIK 0001907614 Primary reporting owner

Luo Peter

Relationship
Chief Executive Officer, Director
Address
4F, BUILDING C14, NO. 218 XINGHU STREET, SUZHOU JIANGSU, CHINA
Signature
/s/ Peter LUO
Signature date
18 Mar 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ADAG holding

Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
93,264
Date
18 Mar 2026
Ownership
Direct
ADAG holding

Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
31,021
Date
18 Mar 2026
Ownership
By Spouse
ADAG holding

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
168,750
Date
18 Mar 2026
Ownership
Direct
Footnotes
F1
ADAG holding

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
75,000
Date
18 Mar 2026
Ownership
By Spouse
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ADAG holding Derivative

Incentive Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 Mar 2026
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
287,415
Exercise price
$13.85
Footnotes
F3
ADAG holding Derivative

Incentive Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 Mar 2026
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
50,000
Exercise price
$5.60
Footnotes
F4
ADAG holding Derivative

Incentive Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 Mar 2026
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
500,000
Exercise price
$1.04
Footnotes
F5
ADAG holding Derivative

Incentive Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 Mar 2026
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
500,000
Exercise price
$1.33
Footnotes
F6
ADAG holding Derivative

Incentive Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 Mar 2026
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
822,819
Exercise price
$1.73
Footnotes
F7
ADAG holding Derivative

Incentive Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 Mar 2026
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
450,000
Exercise price
$1.55
Footnotes
F8
ADAG holding Derivative

Incentive Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 Mar 2026
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
735,000
Exercise price
$1.41
Footnotes
F9
ADAG holding Derivative

Incentive Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 Mar 2026
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
800,000
Exercise price
$2.03
Footnotes
F10
ADAG holding Derivative

Incentive Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 Mar 2026
Ownership
By Spouse
Underlying class
Ordinary Shares
Underlying amount
45,980
Exercise price
$13.85
Footnotes
F11
ADAG holding Derivative

Incentive Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 Mar 2026
Ownership
By Spouse
Underlying class
Ordinary Shares
Underlying amount
2,250
Exercise price
$5.60
Footnotes
F12
ADAG holding Derivative

Incentive Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 Mar 2026
Ownership
By Spouse
Underlying class
Ordinary Shares
Underlying amount
100,000
Exercise price
$1.05
Footnotes
F13
ADAG holding Derivative

Incentive Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 Mar 2026
Ownership
By Spouse
Underlying class
Ordinary Shares
Underlying amount
100,000
Exercise price
$1.17
Footnotes
F14
ADAG holding Derivative

Incentive Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 Mar 2026
Ownership
By Spouse
Underlying class
Ordinary Shares
Underlying amount
152,322
Exercise price
$1.73
Footnotes
F15
ADAG holding Derivative

Incentive Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 Mar 2026
Ownership
By Spouse
Underlying class
Ordinary Shares
Underlying amount
80,000
Exercise price
$1.55
Footnotes
F16
ADAG holding Derivative

Incentive Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 Mar 2026
Ownership
By Spouse
Underlying class
Ordinary Shares
Underlying amount
130,700
Exercise price
$1.41
Footnotes
F17
ADAG holding Derivative

Incentive Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 Mar 2026
Ownership
By Spouse
Underlying class
Ordinary Shares
Underlying amount
150,000
Exercise price
$2.03
Footnotes
F18
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 18 footnotes

Footnote F1

168,750 of Restricted Stock Units ("RSUs") granted under the Adagene Inc. 2021 Performance Incentive Plan. 56,250 of RSUs shall vest on each of the following dates: 7/23/2026, 7/23/2027, and 7/23/2028.

Footnote F2

75,000 of RSUs granted under the Adagene Inc. 2021 Performance Incentive Plan. 25,000 of RSUs should be vested annually on each of the following dates: 7/23/2026, 7/23/2027, and 7/23/2028.

Footnote F3

287,415 of time-based incentive stock options granted under the Adagene Inc. Second Amended and Restated Share Incentive Plan (pre-IPO), and all such option are fully vested and exercisable.

Footnote F4

50,000 of performance-based stock options granted under the Adagene Inc. 2021 Performance Incentive Plan, and all such option are fully vested and exercisable.

Footnote F5

500,000 of time-based stock option granted on 5/3/2023 under the Adagene Inc. 2021 Performance Incentive Plan. The options shall become exercisable with respect to 25% of the options on each of the first four anniversaries of the grant date. Accordingly, 250,000 shares subject to this option are vested and exercisable.

Footnote F6

500,000 of time-based stock option granted on 12/27/2023 under the Adagene Inc. 2021 Performance Incentive Plan. The options shall become exercisable with respect to 25% of the options on each of the first four anniversaries of the grant date. Accordingly, 250,000 shares subject to this option are vested and exercisable.

Footnote F7

822,819 of time-based stock option granted on 11/17/2024 under the Adagene Inc. 2021 Performance Incentive Plan. 50% of the options shall vest on 6/30/2025 and 6/30/2026, respectively; accordingly, 411,410 shares subject to this option are vested and exercisable.

Footnote F8

450,000 of time-based stock option granted on 12/24/2024 under the Adagene Inc. 2021 Performance Incentive Plan. The options shall become exercisable with respect to 25% of the options on each of the first four anniversaries of the grant date. Accordingly,112,500 shares subject to this option are vested and exercisable.

Footnote F9

735,000 of time-based stock option granted on 6/5/2025 under the Adagene Inc. 2021 Performance Incentive Plan, and shall become exercisable with respect to 25% of the stock options on each of the first four anniversaries of the grant.

Footnote F10

800,000 of time-based stock option granted on 2/5/2026 under the Adagene Inc. 2021 Performance Incentive Plan, and shall become exercisable with respect to 25% of the stock options on each of the first four anniversaries of the grant.

Footnote F11

45,980 of time-based incentive stock options granted under the Adagene Inc. Second Amended and Restated Share Incentive Plan (pre-IPO), and all such shares subject to this option are fully vested and exercisable.

Footnote F12

2,250 of performance-based stock options granted under the Adagene Inc. 2021 Performance Incentive Plan, and all such shares subject to this option are fully vested and exercisable.

Footnote F13

100,000 of time-based stock option granted on 5/9/2023 under the Adagene Inc. 2021 Performance Incentive Plan. The options shall become exercisable with respect to 25% of the options on each of the first four anniversaries of the grant date. Accordingly, 50,000 shares subject to this option are vested and exercisable.

Footnote F14

100,000 of time-based stock option granted on 12/18/2023 under the Adagene Inc. 2021 Performance Incentive Plan. The options shall become exercisable with respect to 25% of the options on each of the first four anniversaries of the grant date. Accordingly, 50,000 shares subject to this option are vested and exercisable.

Footnote F15

152,322 of time-based stock option granted on 11/17/2024 under the Adagene Inc. 2021 Performance Incentive Plan. 50% of the options shall vest on 6/30/2025 and 6/30/2026, respectively; accordingly, 76,161 shares subject to this option became vested and exercisable.

Footnote F16

80,000 of time-based stock option granted on 12/24/2024 under the Adagene Inc. 2021 Performance Incentive Plan. The options shall become exercisable with respect to 25% of the options on each of the first four anniversaries of the grant date. Accordingly, 20,000 shares subject to this option are vested and exercisable.

Footnote F17

130,700 of time-based stock option granted on 6/5/2025 under the Adagene Inc. 2021 Performance Incentive Plan, and became exercisable with respect to 25% of the stock options on each of the first four anniversaries of the grant.

Footnote F18

150,000 of time-based stock option granted on 2/5/2026 under the Adagene Inc. 2021 Performance Incentive Plan, and became exercisable with respect to 25% of the stock options on each of the first four anniversaries of the grant.

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