03/26/2026 | Press release | Distributed by Public on 03/26/2026 04:51
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted share units | (2) | 03/25/2026 | M | 16,500 | (3) | 06/18/2031 | Class A ordinary shares | 16,500 | $ 0 | 0 | D | ||||
| Restricted share units | (2) | 03/25/2026 | M | 9,000 | (4) | 06/18/2032 | Class A ordinary shares | 9,000 | $ 0 | 0 | D | ||||
| Restricted share units | (2) | 03/25/2026 | M | 10,000 | (5) | 06/18/2034 | Class A ordinary shares | 10,000 | $ 0 | 20,000 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Wang Jingbo 9# 1202, NO. 1500 CHANGYI ROAD PUDONG DISTRICT SHANGHAI 200120 |
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| /s/ Wang Jingbo | 03/26/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Represents American depositary shares acquired through the vesting of restricted share units. Every three American depositary shares ("ADS") represent two Class A ordinary shares, par value US$0.001 per share. |
| (2) | Each restricted share unit represents the contingent right to receive one (1) Class A ordinary shares of the issuer upon vesting. |
| (3) | Represents restricted share units to purchase 16,500 Class A ordinary shares granted on June 18, 2021. The restricted share units vest in equal installments of 1/3 of the restricted share units on the June 18 of each year thereafter over the next 3 years, subject to the reporting person's continued service through the applicable vesting date |
| (4) | Represents restricted share units to purchase 9,000 Class A ordinary shares granted on June 18, 2022. The restricted share units vest in equal installments of 1/2 of the restricted share units on the June 18 of each year thereafter over the next 2 years, subject to the reporting person's continued service through the applicable vesting date. |
| (5) | Represents restricted share units to purchase 30,000 Class A ordinary shares granted on June 18, 2024. The restricted share units vest in equal installments of 1/3 of the restricted share units on the June 18 of each year thereafter over the next 3 years, subject to the reporting person's continued service through the applicable vesting date. |