Tencent Music Executive Plans $18.9M Stock Sale Following RSU Vesting

[144] Tencent Music Entertainment Group American SEC Filing

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

144

Rhea-AI Filing Summary

Tencent Music Entertainment Group (NYSE: TME) insider PAN TSAI-CHUN, an officer of the company, has filed Form 144 indicating intent to sell 1,000,000 American Depositary Shares (ADS) with an aggregate market value of $18,854,000. The securities were acquired through employee stock options/RSU vesting on June 26, 2025.

Key transaction details:

Broker: Futu Securities International (Hong Kong)
Planned sale date: June 26, 2025
Current shares outstanding: 1,548,904,504
Previous sale: 1,000,000 shares sold on June 12, 2025 for $18,917,633

The filing indicates the seller has no knowledge of undisclosed material adverse information regarding the company's operations. The transaction appears to be part of a regular insider share disposition pattern, with the seller having executed a similar-sized sale earlier in the month.

Positive

None.

Negative

Officer Pan Tsai-Chun executed significant discretionary sales totaling 2 million shares worth approximately $37.8M within two weeks (1M shares on 6/12/25 and 1M shares on 6/26/25), suggesting potential insider bearish sentiment

06/26/2025 - 09:21 PM

144: Filer Information

Filer CIK

0001990993

Filer CCC

XXXXXXXX

Is this a LIVE or TEST Filing?

LIVE TEST

Submission Contact Information

Name

Phone

E-Mail Address

144: Issuer Information

Name of Issuer

Tencent Music Entertainment Group

SEC File Number

001-38751

Address of Issuer

UNIT 3, BUILDING D, KEXING SCIENCE PARK
KEJIZHONGSAN AVENUE, HI-TECH PARK
NANSHAN DISTRICT, SHENZHEN
CHINA
518057

Phone

86 755 86013388

Name of Person for Whose Account the Securities are To Be Sold

PAN TSAI-CHUN

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Officer

144: Securities Information

Title of the Class of Securities To Be Sold

Name and Address of the Broker

Number of Shares or Other Units To Be Sold

Aggregate Market Value

Number of Shares or Other Units Outstanding

Approximate Date of Sale

Name the Securities Exchange

ADS (2 CL.A ordinary share represents 1 ADSs )

Futu Securities International (Hong Kong) Ltd.
11/F, Bangkok Bank Building
18 Bonham Strand West
Sheung Wan K3 000000

1000000

18854000.00

1548904504

06/26/2025

NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class

Date you Acquired

Nature of Acquisition Transaction

Name of Person from Whom Acquired

Is this a Gift?

Date Donor Acquired

Amount of Securities Acquired

Date of Payment

Nature of Payment *

ADS (2 CL.A ordinary share represents 1 ADSs)

06/26/2025

Employee Stock Option Exercise/Restricted Share Units Vest

Issuer

1000000

06/26/2025

Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller

Title of Securities Sold

Date of Sale

Amount of Securities Sold

Gross Proceeds

PAN TSAI-CHUN
6 Floor, No. 9 Chaoyangmen North Street
Beijing F4 100010

Tencent Music Entertainment Group

06/12/2025

1000000

18917633.02

144: Remarks and Signature

Remarks

Date of Notice

06/26/2025

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

PAN TSAI-CHUN

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

Source:

FAQ

How many TME shares is insider PAN TSAI-CHUN selling on June 26, 2025?

According to the Form 144 filing, PAN TSAI-CHUN plans to sell 1,000,000 ADSs of Tencent Music Entertainment Group (TME) with an aggregate market value of $18,854,000.00 through broker Futu Securities International.

What was the source of TME shares being sold by PAN TSAI-CHUN?

The shares being sold were acquired through Employee Stock Option Exercise/Restricted Share Units Vest from the issuer on June 26, 2025 as part of compensation.

Has TME insider PAN TSAI-CHUN sold any other shares in the past 3 months?

Yes, PAN TSAI-CHUN previously sold 1,000,000 shares of TME on June 12, 2025 for gross proceeds of $18,917,633.02.

What is PAN TSAI-CHUN's relationship to TME?

According to the Form 144 filing, PAN TSAI-CHUN's relationship to Tencent Music Entertainment Group (TME) is listed as 'Officer' of the company.

What is the total number of TME shares outstanding as of June 2025?

According to the Form 144 filing, TME has 1,548,904,504 shares outstanding at the time of the filing in June 2025.

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[144] Tencent Music Entertainment Group American SEC Filing

144: Filer Information

Submission Contact Information

144: Issuer Information

144: Securities Information

144: Securities To Be Sold

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

ATTENTION:

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many TME shares is insider PAN TSAI-CHUN selling on June 26, 2025?

What was the source of TME shares being sold by PAN TSAI-CHUN?

Has TME insider PAN TSAI-CHUN sold any other shares in the past 3 months?

What is PAN TSAI-CHUN's relationship to TME?

What is the total number of TME shares outstanding as of June 2025?

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[144] Tencent Music Entertainment Group American SEC Filing

144: Filer Information

Submission Contact Information

144: Issuer Information

144: Securities Information

144: Securities To Be Sold

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

ATTENTION:

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many TME shares is insider PAN TSAI-CHUN selling on June 26, 2025?

What was the source of TME shares being sold by PAN TSAI-CHUN?

Has TME insider PAN TSAI-CHUN sold any other shares in the past 3 months?

What is PAN TSAI-CHUN's relationship to TME?

What is the total number of TME shares outstanding as of June 2025?

NYSE:TME

TME Rankings

TME Latest News

TME Latest SEC Filings

TME Stock Data