Wan Zheng 4

What Happened
Director Wan Zheng recorded a conversion of a derivative security into 90,000 shares of X Financial (NYSE:XYF) on 2026-06-01. The conversion price reported was $0.00 per share, so no cash was paid in the transaction and the reported value is $0. This is an acquisition via conversion (transaction code C), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-01; Filing date: 2026-06-02 (filed next business day).
• Transaction type/code: Conversion of derivative security (C).
• Shares acquired: 90,000; Price per share: $0.00; Reported cash value: $0.
• Shares owned after transaction: Not specified in the information provided in this summary/filing excerpt.
• Footnotes/notes: No 10b5-1 plan, tax-withholding, or other footnotes were indicated in the details provided.
• Timeliness: Filing appears timely (reported the next business day).

Context
A conversion means a derivative instrument (for example, convertible equity or similar instrument) was converted into common shares according to its terms. Conversions at $0 often reflect contractual adjustments, awards, or instrument terms rather than a cash purchase; they do not necessarily signal a new cash investment or immediate market sentiment. No immediate sale was reported in this filing.