Zhang Liyu 4

What Happened

• Zhang Liyu, Senior Vice President and a Director of DSC Holdings Ltd., reported two "other acquisition or disposition (J)" entries dated 2026-06-26: a disposition of 5,000,000 shares at $0.00 (total $0) and an acquisition of 5,000,000 shares at $0.00 (total $0). These entries reflect a non-cash reclassification/transfer rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-26; Filing date (Form 4): 2026-06-29 (timely).
• Reported prices: $0.00 for both the disposition and acquisition; reported transaction values: $0.
• Shares owned after the transaction: Not specified in the Form 4 filing.
• Footnote: Immediately prior to the issuer's IPO, each ordinary share was redesignated as Class A ordinary shares on a one-for-one basis — the J-code entries likely relate to such reclassification.
• No cash proceeds or purchases were reported; this is not an open-market buy or sale.

Context

• Code J ("other acquisition or disposition") is typically used for conversions, reclassifications or internal transfers. Such administrative transactions do not necessarily signal insider sentiment about the company’s stock price.
• Because no cash changed hands and the filing includes the redesignation footnote, treat this as a paperwork/structural change rather than routine insider buying or selling.