Xu Liangjie 4

What Happened
Xu Liangjie, a director of Tuniu Corp (TOUR), reported derivative transactions on May 9, 2026. The filing shows an exercise/conversion (code M) that resulted in the acquisition of 85 shares at $0.00 and the disposition of 2,550 shares at $0.00. Reported dollar value for both transactions is $0.

Key Details

• Transaction date: 2026-05-09; reported on Form 4 filed 2026-05-11 (timely within the two-business-day window).
• Prices: $0.00 per share for both the acquisition (85) and disposition (2,550) entries; total reported cash value $0.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes:
  • F1 — Effective April 22, 2026 the ADS ratio changed from 1 ADS = 3 Class A shares to 1 ADS = 30 Class A shares; the reported amounts reflect this ADS ratio change.
  • 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 securities.

Context
Code M indicates Xu converted or exercised derivative securities into underlying shares. The filing shows both an acquisition and a separate disposition tied to that exercise/conversion; both were reported at zero cash consideration. The ADS ratio change noted by the company can materially affect reported share counts on filings—these numbers have been adjusted to reflect the new 1:30 ADS ratio.