LexinFintech (LX) Director Annabelle Yu Exercises RSUs; Shares Withheld

What Happened
Annabelle Yu, a director of LexinFintech Holdings Ltd. (LX), had 15,000 restricted share units (RSUs) convert into American depositary shares (ADS) on August 19, 2026. The conversion/vesting was recorded at $0.00 per share. To satisfy tax withholding, 1,238 ADS were surrendered/disposed at $0.67 each, totaling about $828.

Key Details

• Transaction date: August 19, 2026; Form 4 filed August 21, 2026 (timely filing).
• Primary actions reported:
  • Exercise/conversion (code M): 15,000 shares acquired at $0.00 (vested RSUs converted to ADS).
  • Tax withholding (code F): 1,238 shares disposed at $0.67 each for ~$828 to cover tax liabilities.
• Footnotes:
  • F1: Shares acquired upon vesting of RSUs and issued as ADS; each ADS represents two Class A ordinary shares.
  • F2: RSUs were granted Aug 18, 2024 and vested Aug 18, 2026; they do not expire.
• Post-transaction shares owned: Not specified in this filing.

Context
This was a routine vesting of RSUs, not an open-market purchase or an opportunistic sale. The withheld 1,238 ADS to cover taxes is a common cashless-withholding practice and does not necessarily indicate a change in the insider’s view of the company. Transaction codes: M = exercise/conversion of derivative (here, RSU vesting); F = tax withholding/disposition.