ZKH Group Director Han Yunjie Sells 672,910 Shares

What Happened Han Yunjie, a director of ZKH Group Ltd (ZKH), sold 672,910 Class A ordinary shares on September 9, 2026. The sale was reported as 19,226 American Depositary Shares (ADSs), each ADS representing 35 Class A shares; the ADS sale price was US$2.96, which implies a reported per‑share price of $0.08. Total proceeds from the sale were reported as $56,928. This transaction is a sale (not a purchase) and is generally considered a routine disposition rather than an acquisition signal.

Key Details

• Transaction date: 2026-09-09; filing date (Form 4): 2026-09-11 (appears timely — within two business days).
• Transaction type/code: S (sale) — open market or private sale.
• Shares sold: 672,910 Class A ordinary shares, reported as 19,226 ADSs.
• Price reported: $0.08 per Class A share (derived from ADS price US$2.96 / 35).
• Total reported proceeds: $56,928.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: F1 explains the ADS conversion (1 ADS = 35 Class A shares) and the per‑share price calculation.
• No footnotes in the filing indicate a 10b5-1 plan, tax withholding, or other special handling.

Context An ADS sale means the director sold depositary receipts that represent multiple underlying ordinary shares; the filing clarifies the conversion and price math. Sales by insiders can be routine (cash needs, portfolio rebalancing, or other personal reasons) and do not alone indicate company outlook. Purchases generally carry more weight for signaling confidence than isolated sales.