X Financial (XYF) Director Zhang Longgen Converts 90,000 Shares

What Happened

• Director Zhang Longgen converted a derivative security into 90,000 common shares of X Financial (NYSE: XYF) on 2026-08-01. The reported conversion price was $0.00 per share, so no cash was paid in the transaction. This is an acquisition of shares (via conversion) rather than a sale.

Key Details

• Transaction date: 2026-08-01 (reported on Form 4 filed 2026-08-03).
• Transaction code: C (conversion of derivative security).
• Shares acquired: 90,000; reported price: $0.00 per share (total cash paid $0.00).
• Shares owned after transaction: not specified in the data provided in this summary.
• Filing timeliness: Form 4 was filed two days after the transaction date, which appears to be timely under the 2-business-day rule.
• No footnotes or 10b5-1/ tax-withholding details were provided in the supplied transaction data.

Context

• "Conversion of derivative security" (code C) means a derivative instrument was converted into common stock; the filing does not specify the original instrument (e.g., options, convertible note, RSUs). The Form 4 shows the shares were acquired, and there is no indication in the filing that the shares were immediately sold. Acquisitions via conversion increase insider-held shares, but the filing alone does not explain the insider's motive.