Qu Shawn Xiaohua 4

What Happened

• Qu Shawn Xiaohua, a director of Canadian Solar Inc. (CSIQ), exercised 18,779 stock options on April 1, 2026. He acquired 18,779 common shares by paying an exercise price of $9.33 per share, for a total cash outlay of $175,171.
• The filing also reports the related derivative position being disposed at $0.00 on the same date, which reflects the options being converted/terminated upon exercise rather than a market sale of the shares.

Key Details

• Transaction date: 2026-04-01.
• Exercise: 18,779 shares acquired at $9.33 each; total = $175,171.
• Derivative entry: 18,779 reported disposed at $0.00 (reflects conversion/termination of the option instrument).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 notes the 18,779 options included series that vested on May 20 of 2012–2015 (4,695; 4,694; 4,695; 4,695). F2 references 7,512 options with similar vesting in 2012–2015 (1,878 each year).
• Timeliness: Form 4 was filed late due to an inadvertent administrative error (filing timeliness = L).

Context

• This was an option exercise (insider acquiring shares), not an open‑market purchase or sale. The simultaneous “disposed” derivative line indicates the option was converted/terminated on exercise rather than sold for cash — no sale of the acquired shares is reported here.
• Exercises can be routine (vesting-related) or reflective of intent to hold shares; filings show the options vested years earlier per the footnotes. The late filing is an administrative matter but worth noting for timing transparency.