Chen Liaohan 4
4 · Tuya Inc. · Filed Apr 28, 2026
Research Summary
AI-generated summary of this filing
Tuya (TUYA) President Chen Liaohan Converts 237 Shares
What Happened
Chen Liaohan, President and a director of Tuya Inc. (TUYA), caused Unileo Limited (his wholly owned BVI vehicle) to convert 237 Class B ordinary shares into 237 Class A ordinary shares on April 24, 2026. The filing shows two matching "other acquisition or disposition (J)" entries — one acquiring 237 shares and one disposing of 237 shares — both at $0.00, reflecting a one‑for‑one conversion rather than a purchase or sale for cash.
Key Details
- Transaction date: April 24, 2026; filing date: April 28, 2026 (timely Form 4 filing).
- Reported as two J‑code entries: 237 shares acquired @ $0.00 and 237 shares disposed @ $0.00 (net effect: conversion).
- Purpose: conversion was done to reduce Mr. Chen’s weighted voting rights proportionately after the company canceled 5,400 repurchased Class A shares (per filing footnote).
- Shares held through Unileo Limited (a BVI company wholly owned by Chen).
- No cash changed hands; the transaction is an internal share‑class conversion, not a market buy/sell.
Context
This was an administrative conversion to maintain the intended balance of weighted voting rights after share cancellation and does not reflect a market purchase or sale. Such conversions generally do not signal personal buying or selling intent.
Insider Transaction Report
- Other
Class A Common Stock
[F1][F2]2026-04-24+237→ 1,989,337 total(indirect: Held by Unileo Limited) - Other
Class B Common Stock
[F1][F2]2026-04-24−237→ 26,810,663 total(indirect: Held by Unileo Limited)
Footnotes (2)
- [F1]On April 24, 2026, the Company canceled 5,400 repurchased Class A ordinary shares. As this cancellation reduced the total number of shares in issue, absent any corresponding adjustment, the proportion of shares carrying weighted voting rights (WVR) would have increased. Accordingly, in compliance with Rule 8A.15 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, Mr. Chen, as a WVR beneficiary, caused Unileo Limited to convert 237 Class B ordinary shares into Class A ordinary shares on a one-for-one basis, so as to reduce his weighted voting rights proportionately.
- [F2]Represent shares held through Unileo Limited, a limited liability company incorporated under the laws of BVI wholly owned by the reporting person.