Summary by Futu AI
Baidu Director Callinicos Brent plans to sell 4,900 American Depository Shares on 11/22/2024. The shares, valued at approximately $399,987, were acquired through the vesting of restricted shares under Baidu's 2008 and 2018 Share Incentive Plan. The transaction is set to occur on the same date as the acquisition, indicating a rapid turnover of the vested shares. This sale marks the first reported transaction by Callinicos Brent in the past three months, as there were no previous sales during this period. Investors should note the director's decision to liquidate these shares immediately upon vesting, which may reflect personal financial strategies or market outlook considerations.