Jianpu (AIJTY) Director Liao Kuang-yu Exercises Stock Options

What Happened

• Director Liao Kuang-yu exercised stock options on September 4, 2026 (transaction code M). He paid $0.20 per share to acquire four lots totaling 7,500 shares (3,000 + 2,000 + 1,250 + 1,250) for a cash outlay of $1,500. The filing also reports exercises/conversions resulting in 150,000 Class A ordinary shares received in the form of American Depositary Shares (ADS) (reported with $0.00 consideration in the filing; see footnotes F2–F5).
• These are option exercises (not open-market sales). The ADS structure: each ADS represents 20 Class A ordinary shares (footnote F1).

Key Details

• Transaction date: 2026-09-04; Filing date: 2026-09-08 (check the SEC filing for timeliness).
• Prices and amounts: paid $0.20 for 7,500 shares (total $1,500); additional 150,000 shares reported as received on exercise (recorded at $0.00 in the filing, per footnotes).
• Shares owned after transaction: not specified in the provided summary—see the full Form 4 for total holdings.
• Notable footnotes: F1 (1 ADS = 20 Class A shares); F2–F5 explain the 60,000 / 40,000 / 25,000 / 25,000 entries represent Class A ordinary shares received in ADS form upon exercise; F6/F7 note remaining options (25,000 each) vest on 2026-12-31 and 2027-01-31.
• Transaction code: M (exercise/conversion of derivative).

Context

• For retail investors: exercising options means the insider used his option rights to obtain shares (some by paying the strike price). The filing does not show an immediate open‑market sale of the acquired shares, so this is not a documented cashless sale or liquidity event in this Form 4.
• When derivatives are reported at $0.00, footnotes often explain the mechanics (here they specify shares were received in ADS form). Always review the complete Form 4 (and footnotes) on EDGAR for the exact holding totals and any additional details.