WANG Edward Yi 4

What Happened

• Director Edward Yi Wang had 14,142 RSUs convert into 14,142 American Depositary Shares (ADSs) on April 26, 2026 (reported as exercise/conversion of a derivative at $0.00). This reflects RSU settlement — not an open-market purchase.
• To satisfy tax withholding, 4,276 ADSs were withheld/paid on April 27, 2026 at $10.80 per ADS, reported value $46,198. Net delivered to the insider was approximately 9,866 ADSs.
• These transactions are routine compensation settlement and tax withholding rather than a directional buy or sell in the market.

Key Details

• Transaction dates: April 26, 2026 (RSU conversion/settlement) and April 27, 2026 (tax withholding).
• Prices/values: conversion at $0.00 (RSU settlement); tax withholding at $10.80 per ADS, total $46,198.
• Shares owned after transaction: not disclosed in the provided data.
• Footnotes: F1 — 3 ADSs represent 1 Class A common share; F2 — each RSU entitles the holder to 1 ADS upon settlement; F3 — these RSUs vest in three equal annual installments beginning April 26, 2026, subject to continued service.
• Filing: Form 4 dated April 28, 2026 (appears timely; Form 4s are generally due within two business days of transaction).

Context

• This was an RSU settlement (derivative conversion) with a cashless-style tax withholding — common practice where shares are withheld to cover taxes. It does not reflect an open-market sale or purchase decision by the insider.
• Because the filing pertains to compensation vesting (first installment per F3), it's generally considered routine and not necessarily indicative of the director's view on company stock.