LightInTheBox (LITB) CEO He Jian Buys 4.25M Shares

What Happened
He Jian, CEO of LightInTheBox Holding Co., Ltd. (LITB), acquired 4,254,553 ordinary shares on August 10, 2026 in a private placement (transaction code P). The filing reports a total cash outlay of approximately $1,092,144 (reported price $0.26/share). A filing footnote provides the exact purchase price of $0.2566667 per ordinary share (equivalent to $3.08 per American Depositary Share, each ADS = 12 ordinary shares). The shares were acquired indirectly through Conner Growth Holding Limited, an entity the reporting person controls.

Key Details

• Transaction date: 2026-08-10; Form 4 filed 2026-08-11 (timely filing).
• Transaction type: Purchase (private placement) via subscription agreement dated July 10, 2026.
• Price and value: reported $0.26/share (footnote: $0.2566667/share); total ≈ $1,092,144. ADS equivalent: $3.08 per ADS (12 ordinary shares = 1 ADS).
• Acquisition vehicle: Conner Growth Holding Limited (reporting person is sole beneficial owner).
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnotes of note: F1 describes the private placement/subscription agreement and exact price; F2 confirms He Jian’s sole beneficial ownership of Conner Growth.

Context
This was a direct purchase in a private placement (not an open-market trade), meaning the company issued shares to an entity controlled by the CEO. Purchases by insiders are often viewed as a stronger signal than sales because they involve putting personal capital into the company, but filings do not state motivations — treat this as factual disclosure only.