Ma Cunjun 4/A

What Happened
Ma Cunjun, CEO of Huize Holding Ltd (HUIZ), made small open-market purchases of the company's American depositary shares (ADS). On 2026-04-02 he acquired 6,000 ADS at $1.42 each for $8,520, and on 2026-04-03 he acquired 179 ADS at $1.39 each for $249 — a combined outlay of $8,769. These were purchases (transaction code P), which are generally interpreted as insider buying rather than selling. This report was submitted as an amended Form 4.

Key Details

• Transaction dates and prices:
  • 2026-04-02: 6,000 ADS @ $1.42 = $8,520
  • 2026-04-03: 179 ADS @ $1.39 = $249
• Total shares reported purchased: 6,179 ADS; total reported value: $8,769.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Footnote: Each ADS represents 100 Class A common shares of Huize Holding Limited (F1), so 6,179 ADS correspond to 617,900 underlying Class A shares.
• Filing status/timeliness: This is an amended Form 4 filed on 2026-04-07 for transactions on Apr 2–3. If no earlier Form 4 was filed, this amendment appears to be filed after the typical two-business-day reporting window, reducing short-term transparency.

Context

• Transaction code P indicates direct purchase (open market or private purchase). Purchases by executives can be seen as a modest bullish signal, but the dollar amounts here are relatively small.
• The ADS-to-common conversion (100:1) can make ADS counts look small while representing many underlying common shares; keep that in mind when comparing insider activity across ADR/ADS-listed companies.
• The filing being amended and filed after the trade dates is a procedural note for investors tracking insider timeliness; it does not by itself indicate the insider’s motive.