Law Man San 4
4 · SOLAI Ltd · Filed Jul 20, 2026
Research Summary
AI-generated summary of this filing
SOLAI (SLAI) Director Law Man San Buys 54,275 ADS
What Happened
Director Law Man San reported an open‑market purchase of 54,275 American Depositary Shares (ADSs) of SOLAI Ltd on July 16, 2026. The weighted average purchase price was $3.57 per ADS, for a total reported outlay of about $194,006. This filing indicates a purchase (a net acquisition), not a sale.
Key Details
- Transaction date: 2026-07-16 (reported on Form 4 filed 2026-07-20). Filing appears to meet the Form 4 two business‑day reporting requirement.
- Quantity and price: 54,275 ADSs; weighted average price $3.57 per ADS; prices in the purchase range were $3.2831 to $3.8937 (multiple trades). Reporting person will provide a breakdown of ADSs bought at each price on request (see footnote).
- Total value: Approximately $194,006.
- Shares owned after transaction: Not specified in this filing.
- Footnotes of note:
- Each ADS represents 700 Class A ordinary shares, so 54,275 ADSs correspond to 37,992,500 underlying Class A shares.
- The filing states the price shown is a weighted average across multiple transactions; details by price are available upon request.
Context
This was a straightforward open‑market purchase (code P). Purchases by insiders can be considered informative to investors because they represent an acquisition of company stock by an insider, but the filing itself does not state the insider’s motivation. No option exercises, awards, gifts, or tax‑withholding codes are reported here.
Insider Transaction Report
- Purchase
American Depositary Shares
[F1][F2]2026-07-16$3.57/sh+54,275$194,006→ 132,242 total
- 85,572,963(indirect: By Good Luck Capital Limited)
Class A ordinary shares
Footnotes (2)
- [F1]Each American Depositary Share ("ADS") represents seven hundred (700) Class A ordinary shares.
- [F2]Represents the weighted average purchase price. These ADSs were purchased in multiple transactions at prices ranging from $3.2831 to $3.8937 inclusive. The reporting person undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of ADSs purchased at each separate price within the range of prices set forth in this footnote.