Dong Ming 4

What Happened
Dong Ming, listed as Key Personnel of UP Fintech Holding Ltd (TIGR), was granted 1,200,000 restricted share units (RSUs) on May 1, 2026. The filing reports this as an award equal to 80,000 American Depositary Shares (ADSs) at $0.00 (no cash paid). The RSUs convert 1:1 into Class A ordinary shares upon vesting; 15 Class A ordinary shares equal one ADS.

Key Details

• Transaction type/date: Grant of RSUs recorded as 80,000 ADSs on May 1, 2026; reported in Form 4 filed June 29, 2026.
• Price/Value: $0.00 per ADS for the grant (award, not a purchase).
• Vesting schedule: 1,200,000 RSUs vest in four equal tranches of 300,000 RSUs on May 1 of 2027, 2028, 2029 and 2030, subject to continued service.
• Settlement: RSUs settle only in Class A ordinary shares (no cash settlement). Each ADS represents 15 Class A ordinary shares.
• Vested status after transaction: None of the RSUs/ADSs had vested as of the Form 4 filing date.
• Timeliness: The Form 4 was filed on June 29, 2026 for a May 1, 2026 grant — later than the typical two-business-day Form 4 reporting window.

Context
This is an equity award (RSUs) for future compensation tied to continued service, not an open-market purchase or sale. Such grants are common for employee compensation and do not by themselves indicate immediate buying or selling intent. The economic value to the recipient depends on future vesting and the company’s share price at settlement.