Tuya (TUYA) CEO Wang Xueji Converts 383 Shares Between Classes

What Happened Wang Xueji, Tuya Inc.'s CEO and a director, caused class conversions on April 24, 2026: 308 Class B ordinary shares and 75 Class B ordinary shares were converted one-for-one into Class A ordinary shares. The Form 4 reports matching acquisitions and dispositions at $0.00 (total 383 shares), so no cash was paid or received. According to the filing footnotes, these conversions were done to offset the effect of the company canceling 5,400 repurchased Class A shares and to keep Mr. Wang’s weighted voting rights proportionate under HKEX Rule 8A.15.

Key Details

• Transaction date: April 24, 2026; Amended Form 4 filed September 4, 2026.
• Reported transactions: Other acquisition/disposition (code J) — 308 shares @ $0.00 and 75 shares @ $0.00 (acquisitions and corresponding dispositions).
• Economic impact: $0 — conversions only, no cash trade; net economic position unchanged.
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1/F2 explain conversions were to reduce weighted voting rights after cancellation of 5,400 Class A shares; F3 indicates the 308 shares were held through a trust (settlor: reporting person; beneficiaries: reporting person and Tuya Group Inc.); F4 indicates the 75 shares were held through Tuya Group Inc., a BVI company wholly owned by the reporting person.
• Filing status/timeliness: This is an amended Form 4 filed months after the April transaction (filed Sept 4, 2026).

Context These were administrative conversions between share classes to maintain voting-weight balance after share cancellation — not open-market purchases or sales. Such conversions adjust voting structure but do not necessarily indicate a change in the insider’s economic exposure.