Siew Wing Keong 4
Research Summary
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JinkoSolar (JKS) Director Siew Wing Keong Sells 16,000 ADS
What Happened Siew Wing Keong, a director of JinkoSolar Holding Co., sold 16,000 American Depositary Shares (ADS) in an open‑market/private sale on June 30, 2026 at $16.49 per ADS, generating proceeds of $263,840. The following day (July 1, 2026) he reported acquisition of 10,000 time‑based restricted ordinary shares that vested that day under the company’s 2023 Equity Incentive Plan (these vested shares have a reported acquisition value of $0 on the Form 4).
Key Details
- Transaction(s): Sale of 16,000 ADS on 2026-06-30 at $16.49 per ADS (total $263,840); vesting/acquisition of 10,000 restricted ordinary shares on 2026-07-01 (reported at $0).
- ADS conversion: Each ADS represents four ordinary shares of JinkoSolar (per filing footnote).
- Grant/Vesting: The 10,000 restricted shares were granted Jan 5, 2023 and vested in full July 1, 2026 (first time reported because of vesting).
- Shares owned after transaction: Not specified in the provided filing details.
- Filing timeliness: Form 4 was filed July 2, 2026 to report the June 30 sale and July 1 vesting; the filing does not indicate a late report.
Context
- The sale was an open‑market/private sale of ADS (liquidity event); the subsequent item was vesting of previously granted restricted shares (a non‑cash compensation event). Vesting/reporting of awards does not itself indicate a purchase decision by the insider.
- ADS are different from ordinary shares (1 ADS = 4 ordinary shares), and the sold ADS and the vested restricted ordinary shares are reported separately. The filing does not show those newly vested shares being sold.