Chen Kerry Xuefeng 4

4 · ATRenew Inc. · Filed Mar 26, 2026

Research Summary

AI-generated summary of this filing

Updated Mar 27, 2026

ATRenew (RERE) CEO Kerry Chen Exercises Options, Surrenders Shares

What happened

CEO Kerry Xuefeng Chen exercised/converted derivatives (options and vested RSUs) on March 25, 2026, resulting in an acquisition of 8,423,097 shares per the Form 4. The filing also shows disposals (at $0.00) totaling 5,615,398 shares related to those derivative transactions, leaving a net increase of 2,807,699 shares retained by the reporting person.
The disposals reported at $0.00 were recorded as derivative-related dispositions (code M). No cash proceeds are shown in the filing, and no open-market sale price is reported.

Key details

Transaction date: March 25, 2026; Form 4 filed March 26, 2026 (timely).
Acquired: 8,423,097 shares via exercise/vesting (derivative conversion).
Disposed (at $0.00): 5,615,398 shares (multiple tranches), net +2,807,699 shares.
Footnotes: F1 notes many shares are American Depositary Shares (ADS) acquired on exercise/vesting; every 3 ADS represent 2 Class A ordinary shares. Other footnotes (F3–F13) reference the specific historical option grants and RSUs that vested or were exercised (grants from 2016–2022).
Filing timeliness: Not reported as late; Form 4 was filed the day after the report date.

Context

Code M indicates exercise or conversion of derivative securities (options/RSUs). Dispositions recorded at $0.00 typically reflect shares withheld or surrendered in connection with exercises or tax withholding rather than open-market sales; the filing does not show cash sales proceeds.
This is a mixed transaction (exercise/vesting with share surrender) rather than a straight purchase or an open-market sale; retail investors should view the activity as an insider realizing vested equity while retaining a net increase in holdings.

Insider Transaction Report

Form 4

Period: 2026-03-25

ATRenew Inc.RERE

Chen Kerry Xuefeng

DirectorChief Executive Officer

Transactions

Exercise/Conversion
American depositary shares
[F1]
2026-03-25+8,423,097→ 9,134,518 total
Exercise/Conversion
Options (Right to Buy)
[F3]
2026-03-25−407,200→ 0 total
Exercise: $0.10Exp: 2027-01-01→ Class A ordinary shares (407,200 underlying)
Exercise/Conversion
Options (Right to Buy)
[F4]
2026-03-25−19,844→ 0 total
Exercise: $0.10Exp: 2028-07-01→ Class A ordinary shares (19,844 underlying)
Exercise/Conversion
Options (Right to Buy)
[F5]
2026-03-25−15,314→ 0 total
Exercise: $0.10Exp: 2029-01-01→ Class A ordinary shares (15,314 underlying)
Exercise/Conversion
Options (Right to Buy)
[F6]
2026-03-25−75,931→ 0 total
Exercise: $0.10Exp: 2029-01-01→ Class A ordinary shares (75,931 underlying)
Exercise/Conversion
Options (Right to Buy)
[F7]
2026-03-25−26,521→ 0 total
Exercise: $0.10Exp: 2026-09-01→ Class A ordinary shares (26,521 underlying)
Exercise/Conversion
Options (Right to Buy)
[F8]
2026-03-25−4,793→ 0 total
Exercise: $0.10Exp: 2026-10-04→ Class A ordinary shares (4,793 underlying)
Exercise/Conversion
Options (Right to Buy)
[F9]
2026-03-25−70,650→ 0 total
Exercise: $0.10Exp: 2029-07-31→ Class A ordinary shares (70,650 underlying)
Exercise/Conversion
Options (Right to Buy)
[F10]
2026-03-25−64,291→ 0 total
Exercise: $0.10Exp: 2031-01-01→ Class A ordinary shares (64,291 underlying)
Exercise/Conversion
Options (Right to Buy)
[F11]
2026-03-25−1,725,746→ 0 total
Exercise: $0.10Exp: 2031-01-01→ Class A ordinary shares (1,725,746 underlying)
Exercise/Conversion
Restricted share units
[F12]
2026-03-25−2,964,091→ 0 total
From: 2021-04-13Exp: 2031-04-13→ Class A ordinary shares (2,964,091 underlying)
Exercise/Conversion
Options (Right to Buy)
[F13]
2026-03-25−179,030→ 0 total
Exercise: $0.10Exp: 2032-01-01→ Class A ordinary shares (179,030 underlying)
Exercise/Conversion
Options (Right to Buy)
2026-03-25−1,378→ 0 total
Exercise: $0.10From: 2024-03-13Exp: 2033-03-13→ Class A ordinary shares (1,378 underlying)
Exercise/Conversion
Options (Right to Buy)
2026-03-25−7,276→ 0 total
Exercise: $0.10From: 2024-04-01Exp: 2033-04-01→ Class A ordinary shares (7,276 underlying)
Exercise/Conversion
Options (Right to Buy)
2026-03-25−53,333→ 0 total
Exercise: $0.10From: 2025-07-01Exp: 2035-07-01→ Class A ordinary shares (53,333 underlying)

Holdings

Class C ordinary shares
[F2]
(indirect: By C&XF Group Limited)
11,287,336

Footnotes (13)

[F1]Represents American depositary shares acquired through the exercise of options and the vesting of restricted share units. Every three American depositary shares ("ADS") represent two Class A ordinary shares, par value US$0.001 per share.
[F10]Represents options to purchase 64,291 Class A ordinary shares granted on January 1, 2021. The options vest in equal installments of 1/4 of the options on the January 1 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
[F11]Represents options to purchase 1,725,746 Class A ordinary shares granted on January 1, 2021. The options vest in equal installments of 1/4 of the options on the January 1 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
[F12]Each restricted share unit represents the contingent right to receive one (1) Class A ordinary shares of the Issuer upon vesting.
[F13]Represents options to purchase 179,030 Class A ordinary shares granted on January 1, 2022. The options vest in equal installments of 1/4 of the options on the January 1 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
[F2]Shares held of record by C&XF Group Limited, which is wholly owned by the reporting person.
[F3]Represents options to purchase 407,200 Class A ordinary shares granted on January 1, 2017. The options vest in equal installments of 1/4 of the options on the January 1 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
[F4]Represents options to purchase 19,844 Class A ordinary shares granted on July 1, 2018. The options vest in equal installments of 1/4 of the options on the July 1 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
[F5]Represents options to purchase 15,314 Class A ordinary shares granted on January 1, 2019. The options vest in equal installments of 1/4 of the options on the January 1 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
[F6]Represents options to purchase 75,931 Class A ordinary shares granted on January 1, 2019. The options vest in equal installments of 1/4 of the options on the January 1 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
[F7]Represents options to purchase 26,521 Class A ordinary shares granted on September 1, 2016. The options vest in equal installments of 1/4 of the options on the September 1 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
[F8]Represents options to purchase 4,793 Class A ordinary shares granted on October 4, 2016. The options vest in equal installments of 1/4 of the options on the October 4 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
[F9]Represents options to purchase 70,650 Class A ordinary shares granted on July 31, 2019. The options vest in equal installments of 1/4 of the options on the July 31 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.

Signature

/s/ Chen Xuefeng|2026-03-26

Documents

1 file

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ownership.xmlPrimary
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