Shan Yigang 4

What Happened

• Shan Yigang, an executive director of KE Holdings Inc. (BEKE), reported a conversion on April 7, 2026: 425,840 Class B ordinary shares were converted into 425,840 Class A ordinary shares on a 1:1 basis. The reported entries show both an acquisition and a disposition of 425,840 shares at $0.00 (no cash value), reflecting the reclassification rather than a market purchase or sale.

Key Details

• Transaction date: 2026-04-07; Report filed: 2026-04-09 (timely filing).
• Reported price: $0.00 per share (no cash exchanged).
• Shares involved: 425,840 Class B → 425,840 Class A (1:1 conversion).
• Footnote: On Apr 7, 2026, 35,841,564 Class A ordinary shares represented by repurchased ADSs and two Class A ordinary shares surrendered by a shareholder were canceled; as a result, Mr. Shan, as a beneficiary of weighted voting rights, converted the Class B shares into Class A shares under Hong Kong Listing Rules (F1).
• Filing type/code: Report shows "Other acquisition or disposition (J)" entries, which commonly record non-cash reclassifications or corporate actions.

Context

• This was an internal reclassification tied to ADS cancellations and Hong Kong listing rules, not a market buy or sale—so it should not be interpreted as a straightforward bullish or bearish trading signal.
• The transaction is a structural/administrative change (conversion of share class) and involved no proceeds or outlay.