Jianpu (AIJTY) Director Zhang Xiaoyan Exercises Options

What Happened
Zhang Xiaoyan, a director of Jianpu Technology Inc. (AIJTY), exercised multiple stock options on September 4, 2026. The filing shows she acquired 7,500 shares by exercising options at $0.20 per share (total cash paid $1,500) and converted/exercised options that resulted in an additional 150,000 Class A ordinary shares received in the form of ADS. The reporting treats some line items as "Acquired" (options exercised with cash payment) and others as the disposition/conversion of derivative instruments (reported at $0.00) that resulted in shares.

Key Details

• Transaction date: September 4, 2026; Form 4 filed September 8, 2026.
• Prices and totals reported: 3,000 @ $0.20 ($600); 2,000 @ $0.20 ($400); 1,250 @ $0.20 ($250); 1,250 @ $0.20 ($250) — total cash paid $1,500 for 7,500 shares. Four other option exercises are reported at $0.00 reflecting conversion/disposition of the derivative instruments for 60,000 + 40,000 + 25,000 + 25,000 = 150,000 Class A ordinary shares.
• Footnotes of the filing:
  • F1: Each ADS represents 20 Class A ordinary shares.
  • F2–F5: The 60k, 40k, 25k and 25k line items represent Class A ordinary shares received in ADS form upon option exercise.
  • F6–F7: An additional 25,000 options remain unvested and will vest on Dec 31, 2026; another 25,000 will vest on Jan 31, 2027.
• Shares owned after the transaction: not specified in the provided filing details.
• Filing timeliness: Form 4 filed on Sep 8, 2026 reporting Sep 4 transactions (check EDGAR if you require confirmation of timeliness or amendments).

Context
This was an option exercise (transaction code M). The $0.00 line items reflect the conversion/disposition of the derivative (the option) into shares rather than a cash sale of shares. No immediate open-market sale of the received shares is reported in this filing. For retail investors, option exercises simply convert what the insider already controlled (the option) into stock; they are not necessarily indications of buying or selling stock for directional investment purposes.