Yao Junhong 4

What Happened
Yao Junhong, CEO of DSC Holdings Ltd., was involved in a series of non‑cash corporate reclassifications on June 26, 2026. The filing shows multiple conversions of derivative securities (Form 4 code C) into ordinary shares — individual conversion amounts include 108,466,752; 96,088,171; 44,094,200; 43,635,180; 17,267,771; and 1,139,559 shares, totaling approximately 310,691,633 shares. Several matching “other acquisition or disposition” entries (code J) show redesignations of 108,330,350 and 1,500,000 shares. All transactions list a $0.00 price — no cash changed hands. These entries appear to reflect IPO-related conversions/redesignations of prior equity/derivative positions, not open‑market buys or sales.

Key Details

• Transaction date: June 26, 2026; Form 4 filed June 29, 2026 (filed timely).
• Price: $0.00 for all reported transactions; reported total cash value $0.
• Conversion line items (selected): 108,466,752; 96,088,171; 44,094,200; 43,635,180; 17,267,771; 1,139,559 (sum ≈ 310,691,633).
• Other reclassifications (code J): 108,330,350 and 1,500,000 shares (appear paired as redesignations).
• Shares owned after the transactions: not provided in the details you supplied.
• Footnotes: F1–F4 explain that, immediately prior to the IPO, various ordinary and preferred share series were converted or redesignated into Class A or Class B ordinary shares — consistent with the zero‑dollar conversions reported.

Context

• Code C (conversion of derivative security) typically means preferred shares, convertible securities, or similar instruments were converted into ordinary shares; code J denotes other non‑market acquisitions/dispositions such as redesignations.
• Zero‑dollar conversions and redesignations are common around IPOs and corporate restructurings; they are administrative/capital‑structure events rather than market purchases or sales.
• These entries don’t necessarily indicate CEO buying or selling for personal trading reasons — they document corporate conversion/redesignation activity tied to the company’s IPO.