ZKH Director Han Yunjie Sells 9.29M Shares for $775K

What Happened

• Han Yunjie, a director of ZKH Group Ltd (ZKH), reported a sale of 9,289,000 Class A ordinary shares on Sept 11, 2026. The filing lists the disposition as an open market or private sale (code S). The price reported was $0.08 per Class A share (derived from an ADS sale price), for total reported proceeds of $774,703.

Key Details

• Transaction date: 2026-09-11; Form 4 filed: 2026-09-15 (appears to be later than the typical 2-business-day filing window).
• Reported price: $0.08 per Class A ordinary share (footnote says this was derived from US$2.92 per ADS ÷ 35).
• Securities sold via ADSs: filing notes the sale involved ADSs (see footnote F1).
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote F1: The 9,289,000 Class A shares were sold in the form of American Depositary Shares (ADSs); the per-share price was calculated from the ADS sale price of US$2.92 divided by 35 (each ADS represents 35 Class A shares).

Context

• This was a sale (not a purchase or option exercise). Sales by insiders are common and do not necessarily indicate a change in company prospects; they can be for liquidity or other personal reasons. The filing’s later-than-standard submission reduces near-term transparency but does not by itself imply wrongdoing.