Summary by Futu AI
Melissa Dongmin Ma, an affiliate of Baidu, Inc., is set to sell 260,000 American Depositary Shares (ADS), each representing eight ordinary shares of the company, with an aggregate market value of $22,414,600. The planned sale is scheduled for 07/01/2024. These shares were originally acquired by Ma in a private transaction with the issuer on 01/01/2005 as compensation for services rendered. There have been no reported sales of securities by Ma in the past three months. The notice for the upcoming sale was filed on the same date as the planned sale, with the instruction for the sale having been adopted on 12/21/2023.