Fu Sheng 4

What Happened
Fu Sheng, CEO of Cheetah Mobile Inc. (CMCM), had 10,707,950 restricted share units (RSUs) vest and convert into 10,707,950 Class B ordinary shares on June 22, 2026. The conversion was recorded as a derivative exercise/conversion (code M) at $0.00 per share (no cash consideration). This was not a sale—shares were issued/converted upon vesting rather than purchased or disposed in the open market.

Key Details

• Transaction date: June 22, 2026. Transaction type: RSU vesting and conversion (derivative code M). Price: $0.00 per share. Shares converted: 10,707,950. Reported value: $0.
• Shares are held by Sheng Global Limited, a BVI company wholly owned by Fu Sheng, following conversion.
• Beneficial ownership disclosure (per filing): includes 122,386,978 Class B shares held by Sheng Global Limited and 7,300,000 Class B shares beneficially owned through FaX Vision Corporation (BVI). The 10,707,950 converted RSUs were held by Sheng Global Limited after vesting.
• Footnotes: F1–F5 clarify that one RSU equals one Class B share, these RSUs vested and converted to shares on 2026-06-22, and 10,707,950 RSUs had a later vesting date listed as 2027-06-22 (filing clarifies conversion timing).
• Filing timeliness: Report filed on June 22, 2026 (transaction date same as report date); no late filing indicated.

Context

• This was a routine vesting/conversion of RSUs, not a purchase or open-market sale, and involved no cash changing hands. Such conversions are common compensation events and do not by themselves signal a buy or sell decision by the insider.
• For retail investors, vesting increases the insider's reported share count but does not reflect an investment outlay.