Zhang Jun 4

What Happened Zhang Jun, a reported 10% owner of ATA Creativity Global (AACG), recorded a paired derivative transaction on Apr 8, 2026: a disposition (code J) of 1,274,092 derivative shares at $0.00 and an acquisition/grant (code A) of 1,274,092 derivative shares at $0.00. No cash changed hands in these filings; the entries reflect the cancellation of previously granted options and the re‑granting of derivative awards rather than an open‑market purchase or sale.

Key Details

• Transaction date: April 8, 2026; Form 4 filed April 10, 2026 (filed two days after the transactions).
• Reported amounts: 1,274,092 derivative shares disposed (J) at $0.00 and 1,274,092 derivative shares acquired/granted (A) at $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — previously granted options to Zhang Jun were cancelled by mutual agreement; F2 — those options had become exercisable in one‑third tranches on Apr 1, 2022, 2023 and 2024.
• Transaction codes: A = Grant/Award; J = Other acquisition or disposition.
• Timeliness: Filing appears timely (Form 4 filed Apr 10 for Apr 8 transaction).

Context This filing documents a restructuring of derivative rights (cancellation of earlier option grants and issuance of new derivative awards) rather than a cash sale or open‑market purchase. For retail investors, note that derivative regrants and option cancellations are administrative/corporate actions and do not necessarily signal buying or selling sentiment by the insider. As a 10% owner, Zhang Jun is a significant shareholder; these changes relate to equity compensation/derivative terms rather than direct cash transactions.