Tuniu (TOUR) Financial Controller Chen Anqiang Exercises Options

What Happened
Chen Anqiang, Tuniu Corp's Financial Controller, exercised stock options on 2026-09-01 (Form 4 filed 2026-09-03). The exercise covered 4,470 Class A ordinary shares at an exercise price of $0.0001 per Class A share (total cash paid ≈ $0.45) and resulted in the acquisition of 149 American Depositary Shares (ADSs). The Form 4 shows an acquired entry for 149 ADSs and a related derivative entry for 4,470 Class A shares as part of the exercise process (transaction code M = option exercise). This was a cash exercise (not a cashless or immediate sale).

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03
• Transaction code: M (option exercise)
• Options exercised: covering 4,470 Class A ordinary shares at $0.0001 per share (total ≈ $0.447)
• Securities received: 149 ADSs (reported as acquired)
• Shares owned after transaction: not specified in the filing
• Footnotes:
  • F1: On Apr 22, 2026 Tuniu changed ADS ratio from 1 ADS = 3 Class A shares to 1 ADS = 30 Class A shares; reported amounts reflect this change.
  • F2: Confirms the ADSs were acquired upon cash exercise of options covering 4,470 Class A shares at $0.0001 per share; exercise produced 149 ADSs.
• No indication in this filing that securities were immediately sold or that the filing was late.

Context
This was an option exercise (insider paid a small exercise price and received ADSs) rather than an open-market purchase or sale. Such exercises often convert previously granted option rights into actual shares and do not necessarily indicate a broader buy/sell signal. Because the dollar amount here is negligible, the transaction is more administrative (exercising options) than a material personal investment.