Wu Jun 4

What Happened

• Director Wu Jun had Restricted Share Units (RSUs) vest on 2026-03-26 that converted into 3,874 American Depositary Shares (ADSs), representing 11,622 Class A ordinary shares. Immediately following vesting, 767 ADSs were withheld on 2026-03-27 to cover tax withholding at a weighted average price of $15.37 per ADS (total $11,789). On 2026-03-26 Wu Jun was also granted 4,353 RSUs (13,059 underlying Class A shares) that vest on 2027-03-26.

Key Details

• Transaction dates: vesting/grant 2026-03-26; tax withholding (disposition) 2026-03-27; Form 4 filed 2026-03-30 (timely).
• Vested: 3,874 ADSs acquired via RSU conversion (represents 11,622 Class A shares) — code M/A (derivative vesting/conversion).
• Withheld for taxes: 767 ADSs disposed at $15.37 weighted average price, total $11,789 — code F (tax withholding).
• New grant: 4,353 RSUs granted 2026-03-26, each ADS = 3 Class A shares (total 13,059 underlying shares); these RSUs vest on 2027-03-26.
• Shares owned after transaction: not specified in this filing.
• Relevant footnotes: F1 (1 ADS = 3 Class A shares); F2/F4 (3,874 ADSs vested on 3/26/2026); F5/F6 (4,353 ADS RSUs granted, vesting 3/26/2027); F3 (price is weighted average).

Context

• These transactions are routine equity compensation events: RSUs vested and converted into ADSs, and a portion was withheld to satisfy tax obligations (common “cashless” withholding). The grant is an award that vests next year and does not reflect an immediate purchase or sale of stock. No indication of a 10b5-1 plan or gift; filing appears timely.