Chen Ke 4

What Happened
Chen Ke, Chief Financial Officer of Emeren Group Ltd (SOL), reported dispositions on 2025-12-12 tied to the company’s merger. The filing shows (1) 481,027 ADSs disposed to the issuer in exchange under the merger (price listed as N/A) and (2) 300,000 derivative ADSs (vested stock options) reported disposed at $0.00 — these options were cancelled at the merger and converted into awards under the surviving company.

Key Details

• Transaction date(s): 2025-12-12; Form 4 filed 2026-03-18 (late filing of this report).
• Reported prices/values: 481,027 ADSs — price N/A (exchange for Parent shares per merger); 300,000-options — $0.00 (cancellation).
• ADS note: Each ADS represents ten ordinary shares of Emeren (per filing footnote).
• Derivative detail: The 300,000 items represent vested stock options that were cancelled at the effective time of the merger and will be replaced by employee incentive awards from the surviving company, with terms to be determined by the Parent.
• Shares owned after transaction: not specified in the Form 4.

Context
These were merger-related dispositions and option cancellations (exchange/cancellation), not open-market sales. That means they reflect deal mechanics (conversion to Parent shares and replacement awards), not an immediate personal cash sale on the open market. The filing was submitted months after the transaction date, which investors should note when assessing timeliness.