Jianpu (AIJTY) Director Lee Denny Exercises Stock Options

What Happened

• Director Lee Denny Ting Bun exercised stock options (Form 4 code M) on September 4, 2026. The filing shows he acquired 7,500 American Depositary Shares (ADS) at $0.20 each, for a cash outlay of $1,500. The filing also reports conversion/cancellation of the underlying option instruments that resulted in receipt of 150,000 Class A ordinary shares delivered in ADS form (per footnotes).
• The exercise entries are reported both as acquisitions of ADS (3,000; 2,000; 1,250; 1,250 ADS) at $0.20 and as the corresponding cancellation/conversion of the derivative instruments (60,000; 40,000; 25,000; 25,000 Class A shares). This effectively represents receipt of 7,500 ADS (150,000 Class A shares).

Key Details

• Transaction date: 2026-09-04; Filing date: 2026-09-08 (filed 4 days after the transaction — Form 4s are generally due within 2 business days, so this appears late).
• Prices and totals: 7,500 ADS acquired at $0.20 per ADS = $1,500 total cash paid. The converted/ canceled derivatives are shown at $0.00 (reflecting conversion of options).
• ADS conversion: Each ADS represents 20 Class A ordinary shares (footnote F1). The 150,000 Class A shares reported equal 7,500 ADS.
• Vesting note: Remaining options (25,000 each) will vest/become exercisable on Dec 31, 2026 and Jan 31, 2027 (footnotes F6 & F7).
• Shares owned after transaction: Not specified in the provided filing details.
• No 10b5-1 plan, tax withholding, or sale in the open market is indicated in the provided entries.

Context

• This was an option exercise (derivative conversion). The filing shows the option instruments were converted/cancelled and the insider took delivery in ADS form; part of the paperwork shows $0.00 entries for the derivative items, which reflect conversion rather than a cash sale.
• Purchases/option exercises can signal different things (e.g., exercising vested options for ownership or liquidity management); this summary is factual and does not infer motivation.
• Retail investors often focus on outright purchases as a stronger signal; here the director did pay a nominal cash amount ($1,500) to take delivery of 7,500 ADS as part of option exercises.