KE Holdings (BEKE) Director Shan Yigang Converts 316,964 Shares

What Happened

• Shan Yigang, an executive director of KE Holdings (BEKE), recorded the conversion of 316,964 Class B ordinary shares into Class A ordinary shares on August 14, 2026. The Form 4 lists both an acquisition and a disposition of 316,964 shares at $0.00, reflecting the class reclassification rather than a cash sale or purchase.

Key Details

• Transaction date: August 14, 2026; filed on Form 4 dated August 18, 2026 (appears to meet the two-business-day filing window).
• Reported price: $0.00 for both the acquisition and disposition entries (no cash consideration).
• Shares owned after transaction: Not specified in the filing.
• Footnote: On August 14, 2026, 26,677,794 Class A ordinary shares represented by repurchased ADSs and two Class A ordinary shares surrendered by a shareholder were canceled. As a result, Mr. Shan, as a beneficiary of weighted voting rights under the Hong Kong Listing Rules, converted 316,964 Class B ordinary shares into Class A on a 1:1 basis.
• Filing timeliness: Form filed Aug 18, 2026; not indicated as late in the filing.

Context

• This was a class conversion triggered by ADS cancellations and Hong Kong Listing Rules; it was recorded as both an acquisition and disposition at no cash value. Such administrative reclassifications do not represent an open-market buy or sell and therefore do not directly signal buying or selling intent.