Lee Chan Henry, senior vice president and general counsel at ONC, has filed 117 Form 4 transactions, all in that single company. The pattern is one-sided: no open-market purchases, no acquisitions, and roughly $14.8 million in total sales. Every recent trade is either a sale or an option exercise, and the exercises cluster on the same days as the sales, which is the standard mechanics of cashing out vested awards.
The most recent cluster came on August 11, 2026, when Henry exercised six option tranches and sold shares worth $959,760. That sale followed a July 30 disposition of $337,932.36 and a July 22 sale of $542,425, which itself came with three option exercises. Earlier in the month, on July 8, Henry sold $200,833.44 alongside three exercises. June saw two sales: $156,925.25 on June 16 and $110,267.78 on June 11, the latter paired with a grant award.
The dollar values on the exercises are small relative to the sales, which is typical when options are exercised and immediately sold to cover the strike price and taxes. The sales themselves range from roughly $110,000 to just under $960,000, and they occur at a steady cadence of about two per month since June. There is no buying bias anywhere in the record. Henry has not made a single open-market purchase in the data, and the recent six trades are all sales or exercises tied to sales.
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