Wang Jingbo 4

What Happened

• Wang Jingbo, a director of ATRenew Inc. (RERE), reported conversion/vesting of restricted share units on June 18, 2026. The filing shows 15,000 American Depositary Shares (ADS) acquired through vesting (no dollar amount reported) and a concurrent disposal of 10,000 shares at $0.00. The transactions are reported under code M (exercise or conversion of a derivative).
• Footnotes explain these arose from a 30,000 Class A ordinary share RSU grant made on June 18, 2024 that vests in three equal annual installments; the June 18, 2026 installment corresponds to 10,000 Class A ordinary shares, which equate to 15,000 ADS given the company’s ratio (every 3 ADS = 2 Class A shares).

Key Details

• Transaction date: 2026-06-18. Filing date: 2026-06-23 (filed one day after the typical two-business-day Form 4 deadline).
• Reported items: 15,000 ADS acquired via RSU vesting (acquisition price N/A); 10,000 shares disposed at $0.00 (reported as derivative conversion/disposal).
• Shares owned after transaction: not reported in the provided data.
• Relevant footnotes:
  • F1: ADS acquired through RSU vesting; 3 ADS = 2 Class A ordinary shares.
  • F2/F3: Each RSU converts to one Class A share; 30,000 RSUs granted 6/18/2024 vest 1/3 annually (10,000 shares per year).
• Filing timeliness: Appears to be filed one day late relative to the usual two-business-day Form 4 deadline.

Context

• This activity reflects routine equity compensation vesting (an award conversion), not an open-market purchase. The conversion of RSUs into ADS/class shares is common for compensation; the $0 disposal likely reflects internal conversion or transfer mechanics as reported, not an open-market sale for cash.
• For retail investors, vested awards signal executive compensation being realized but do not by themselves indicate intent to buy or sell stock in the market.