Hsieh Louis 4

What Happened
Hsieh Louis, a director of JD.com, had restricted share units (RSUs) vest on May 22, 2026 and those units were settled into 7,467 American depositary shares (ADSs). Each ADS represents two Class A ordinary shares, so the settlement equates to 14,934 Class A ordinary shares. The Form 4 reports an acquisition of 7,467 ADSs at $0.00 and a corresponding disposition of 14,934 underlying shares at $0.00 (transaction code M — exercise/conversion). No cash was paid or received in the reported transactions.

Key Details

• Transaction date: May 22, 2026
• Report filed: May 26, 2026 (filed timely within the 2-business-day requirement)
• Price reported: $0.00 per share / ADS (total value reported $0)
• Shares recorded: Acquired 7,467 ADSs (each = 2 Class A shares) — equals 14,934 Class A shares; a corresponding disposition of 14,934 underlying shares is reported.
• Shares owned after transaction: Not disclosed on this Form 4.
• Relevant footnotes:
  • ADSs each represent two Class A ordinary shares.
  • Each RSU represented the right to one Class A ordinary share.
  • The RSUs vested on May 22, 2026 and have no expiration date.
• Transaction code M indicates exercise or conversion of a derivative (here, conversion/settlement of RSUs into ADSs).

Context
This was a routine vesting/settlement of compensation (RSUs converted to ADSs), not an open-market purchase or voluntary sale. Such settlements are common for insiders receiving equity awards and do not by themselves indicate the insider's market view. The filing shows no cash transaction and was submitted within the required filing window.