Peng Yongdong 4

What Happened Peng Yongdong, CEO of KE Holdings Inc. (BEKE), recorded an intra-company conversion on June 8, 2026: two matching Form 4 entries show an "other acquisition or disposition" (code J) for 858,107 shares each at $0.00 (one acquisition and one disposition). The entries reflect a conversion of 858,107 Class B ordinary shares into Class A ordinary shares on a 1:1 basis; no cash changed hands and the reported dollar value is $0.

Key Details

• Transaction date: June 8, 2026; Form 4 filed June 10, 2026 (timely within the standard reporting window).
• Reported price: $0.00 (conversion, not an open‑market buy or sell).
• Shares affected: 858,107 Class B shares converted into 858,107 Class A shares (1:1).
• Footnote F1: Conversion followed cancellation of 31,336,908 Class A ordinary shares represented by repurchased ADSs and two Class A ordinary shares surrendered by a shareholder; conversion done under Hong Kong Listing Rules as Mr. Peng is a beneficiary of weighted voting rights.
• Shares owned after the transaction: not specified in the provided filing.

Context This filing documents a class conversion, not a purchase or sale for cash. Conversions like this adjust the mix of share classes (and potentially voting rights) rather than signaling a routine insider buy or sell. Because no cash changed hands and the Form 4 was filed promptly, this is primarily an administrative/structural transaction.