Wang Jingbo (Norah) 4

What Happened

Wang Jingbo (reported as a 10% owner) reported the final vesting/conversion of restricted stock units (RSUs) on June 29, 2026. The Form 4 shows 765 ordinary shares acquired in the conversion and 76.5 shares reported as disposed at $0.00. The acquisition was not an open‑market purchase — it was the conversion/vesting of RSUs into ordinary shares.

Key Details

• Transaction date: 2026-06-29; Form filed 2026-06-30 (timely).
• Reported transactions: 765 shares acquired via derivative conversion (code M); 76.5 shares disposed at $0.00 (reported as derivative disposal).
• Price: acquisition listed as N/A (conversion/vesting); disposal price $0.00.
• RSU award background (footnotes): the award was 13,234 RSUs, each representing 10 ordinary shares (total award = right to 132,340 ordinary shares). 11,012 RSUs previously vested; the remaining RSUs vested in monthly installments and this filing reports the final installment. After this transaction, no RSUs under this award remain outstanding.
• Ownership/authority note (footnote): Shares are held by Jing Investors Co., Ltd., which is wholly owned through entities and a family trust for which Ms. Wang is settlor; Ms. Wang is sole director of Jing Investors and has power to vote and dispose of the shares held by that entity.
• Filing timeliness: filed the day after the vesting date (not marked late).

Context

• This was not a cash purchase or market sale — it reflects RSU vesting/conversion to ordinary shares. The small amount reported as disposed at $0.00 is recorded in the filing but the form’s footnotes indicate rounding in monthly installments; the disposal may reflect rounding/withholding mechanics reported as a derivative disposition.
• As a 10% owner (an ownership/control disclosure), this filing documents equity conversion and holdings via controlled entities rather than an independent open‑market trade.