Law Man San 4

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.