04/03/2026 | Press release | Distributed by Public on 04/03/2026 05:27
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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 | (3) | 04/01/2026 | M | 2,500 | (4) | (4) | Class A ordinary shares | 2,500 | $ 0 | 2,500 | D | ||||
| Restricted Share Units | (3) | 04/01/2026 | M | 10,000 | (4) | (4) | Class A ordinary shares | 10,000 | $ 0 | 20,000 | D | ||||
| Restricted Share Units | (3) | 04/01/2026 | M | 10,000 | (4) | (4) | Class A ordinary shares | 10,000 | $ 0 | 30,000 | D | ||||
| Restricted Share Units | (3) | 04/01/2026 | A | 30,000 | (5) | (5) | Class A ordinary shares | 30,000 | $ 0 | 30,000 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Shan Su 20TH FLOOR, BUILDING A NO. 18 KECHUANG 11 STREET BEIJING 101111 |
Chief Financial Officer | |||
| /s/ Su Shan | 04/03/2026 | |
| **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) | These American depositary shares (ADSs), each representing two Class A ordinary shares, were acquired upon vesting and settlement of restricted share units. |
| (2) | Represents ADSs sold pursuant to a mandatory, non-discretionary, sell-to-cover arrangement for the purpose of satisfying income tax liabilities incurred upon vesting of restricted share units. |
| (3) | Each restricted share unit represents the contingent right to receive one Class A ordinary share. |
| (4) | These restricted shares units were vested on April 1, 2026 and do not have an expiration date. |
| (5) | These restricted share units were granted on April 1, 2026 and subject to a 4-year vesting schedule in equal installments starting from April 1, 2027. They do not have an expiration date. |