Zhang Yan (Claire) 4

What Happened

• Zhang Yan (Claire), a director of Tuya Inc. (TUYA), reported option-related derivative transactions on May 14, 2026. The Form 4 shows an exercise/conversion (transaction code M) that resulted in 15,000 shares acquired and a separate derivative disposition of 15,000 shares the same day.
• The exercise price per option was US$0.00005 (footnote F2), so the cash required to exercise 15,000 options was $0.75 (30,000 options would be $1.50). Footnote F1 notes each option is exercisable for one ADS or one Class A ordinary share.

Key Details

• Transaction date: 2026-05-14; Form 4 filed: 2026-05-18.
• Transactions reported: M (option exercise/conversion) — 15,000 shares acquired; M (derivative disposition) — 15,000 shares disposed. No sale price or proceeds are disclosed for the disposed shares on the provided entries.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Footnotes: F1 = each option converts to one ADS or one Class A ordinary share; F2 = exercise price $0.00005 per option.
• Filing timeliness: Filed four calendar days after the transaction (May 18). This appears to meet the SEC Form 4 requirement of filing within two business days.

Context

• Transaction code M means the insider exercised or converted derivative securities (stock options). The paired acquire/dispose entries often reflect a net exercise, cashless exercise, or shares surrendered to cover costs/taxes, but the filing does not specify the mechanism or any sale price/proceeds.
• These option exercises involve a nominal cash outlay due to the near-zero exercise price; the economic significance to the insider is small based on the exercise cost alone. As with all insider filings, this is factual reporting of a transaction and should not be taken alone as a signal of company outlook.