Xu Liangjie 4

What Happened

• Director Xu Liangjie reported derivative transactions for Tuniu Corp (TOUR) on April 9, 2026: 833 shares were recorded as acquired via exercise/conversion of a derivative at $0.00 each, and 2,499 shares were recorded as disposed of as a derivative at $0.00 each. Both lines use transaction code M (exercise or conversion of a derivative security). Reported monetary value for each line is $0, indicating a non‑cash conversion/settlement rather than a market purchase or sale.

Key Details

• Transaction date: April 9, 2026. Filing date: April 13, 2026 (appears more than two business days after the transactions).
• Reported prices: $0.00 per share for both the acquisition (833) and disposal (2,499) lines.
• Shares owned after the transactions: not stated in the filing.
• Footnotes of note:
  • F1: Each ADS represents three Class A ordinary shares.
  • F2: Each "Restricted Share" represents a contingent right to receive one Class A ordinary share upon settlement.
• Transaction code: M = exercise or conversion of derivative security.

Context

• Derivative entries with $0.00 price commonly reflect exercises, conversions, vesting, or internal settlements (not an open‑market cash purchase or sale). The filing shows both an acquisition and a disposal of derivative interests; the disposal line does not necessarily mean an open‑market sale — it may reflect conversion, cancellation, or transfer of derivative rights. The April 13 filing date is later than the typical two‑business‑day Form 4 deadline, which may indicate a late filing.