wang xueji 4

What Happened
Wang Xueji, Tuya Inc.'s CEO and a director, caused conversions of Class B ordinary shares into Class A ordinary shares on April 24, 2026. Specifically, 308 Class B shares were converted to Class A via Tenet Group Limited and 75 Class B shares were converted to Class A via Tuya Group Inc., for a total of 383 shares converted. These were coded as "other acquisition or disposition (J)" on the Form 4; the conversions were one-for-one and involved no cash consideration (price = $0, total value = $0). The actions were taken to reduce Mr. Wang’s proportion of weighted voting rights after the company canceled repurchased Class A shares.

Key Details

• Transaction date: April 24, 2026; Form 4 filed April 28, 2026. No late filing is indicated in the information provided.
• Transactions: 308 shares converted (Tenet Group Limited) and 75 shares converted (Tuya Group Inc.) — total 383 shares converted, one-for-one.
• Price/Value: $0 per share; total $0. These were internal conversions, not market purchases or sales.
• Reason: Done to adjust Mr. Wang’s weighted voting-rights proportion following cancellation of 5,400 repurchased Class A shares, in compliance with HKEX Rule 8A.15 (see footnotes F1 & F2).
• Ownership notes: F3 indicates some shares are held through a trust (settlor and beneficiaries include the reporting person and Tuya Group Inc.). F4 notes Tuya Group Inc. is a BVI company wholly owned by the reporting person.
• Filing timeliness: Reported on Apr 28 for an Apr 24 transaction; no late-report flag provided in this summary.

Context
These conversions are administrative adjustments to preserve the intended balance of weighted voting rights after share cancellations and do not represent a market buy or sell. Such internal reclassifications involve no cash and generally do not convey the same market-signaling intent as open-market purchases or sales by insiders.