X Financial (XYF) Director Xue Zheng Acquires 90,000 Shares

What Happened
Director Xue Zheng converted a derivative security into 90,000 shares of X Financial common stock on 2026-08-01. The conversion was recorded at $0.00 per share (total reported cash value $0), meaning no cash was paid for these shares — they were received through conversion of a previously held derivative instrument rather than an open-market purchase.

Key Details

• Transaction date: 2026-08-01 (Period of Report). Form 4 filed 2026-08-03 (appears timely).
• Transaction type/code: Conversion of derivative security (Code C).
• Shares acquired: 90,000 common shares at $0.00 per share; total cash consideration reported $0.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes/plan references: None disclosed in the provided summary (no 10b5-1 plan, tax withholding, or other notes listed).

Context
A Code C conversion means a convertible instrument (for example, a warrant, convertible note, or similar derivative) was converted into common stock. Because no cash changed hands, this is a non‑cash acquisition that increases insider holdings but does not reflect an open‑market buy. Retail investors should note this is an acquisition of shares by an insider, but conversions can reflect prior compensation or financing arrangements rather than new capital deployed by the insider.