XCHG (XCH) Aatish Patel Receives RSU Award Vesting 4,155,160 Shares

What Happened
Aatish Patel — then President of XCHG Ltd (ticker: XCH) — reported the vesting/settlement of 4,155,160 restricted stock units (RSUs) on July 1, 2026. The Form 4 records these as derivative transactions (code M: exercise/conversion of a derivative) showing the same number as both "acquired" and "disposed" (4,155,160). No per‑share price or cash value is reported (listed as N/A). This filing is an amendment filed on Sept 8, 2026 to reflect a change in Mr. Patel’s role; the underlying transaction details are unchanged from the original Form 4 filed July 2, 2026.

Key Details

• Transaction date: July 1, 2026; Form 4 amended Sept 8, 2026 to update role information.
• Transaction type: RSU vesting/derivative conversion (Form 4 code M); 4,155,160 shares reported as both acquired and disposed; price = N/A.
• Ownership after transaction: The filing does not list a cash sale price here. Mr. Patel still holds additional RSUs scheduled to vest: 5,194,000 RSUs on Sept 10, 2026 and Sept 10, 2027, and 5,193,960 RSUs on Sept 10, 2028 (each RSU converts to one Class A ordinary share or equivalent ADS/cash).
• Filing note: This is an amended Form 4 filed to show that, effective Sept 7, 2026, Mr. Patel ceased serving as President and is no longer subject to Section 16; he will serve as General Manager of XCharge Energy USA Inc. A previously filed power of attorney is incorporated by reference.
• Timeliness: The amendment does not change the originally reported transaction information; no late filing flag is indicated in this amendment.

Context
RSU vesting is treated as the conversion/settlement of a derivative award (reported with code M). Such vesting is typically a grant becoming payable rather than an open‑market buy or sell; it does not by itself indicate a buy/sell signal. Retail investors should note the sizable future vesting schedule for Mr. Patel, which could affect potential future share issuance or insider sales if the RSUs are settled in shares or ADSs.