Mingteng (MTEN) CEO Xu Yingkai Buys 1.52M Shares

What Happened
Xu Yingkai, CEO of Mingteng International Corp. (MTEN), acquired 1,520,000 shares on April 13, 2026 at $0.25 per share, a total purchase cost of $380,000. The Form 4 reports the transaction as a purchase (Code P), listed as an open-market or private purchase.

Key Details

• Transaction date: 2026-04-13
• Price per share: $0.25; Shares acquired: 1,520,000; Total value: $380,000
• Filing date: 2026-04-21 — the Form 4 was filed eight days after the reported transaction (i.e., late relative to the typical two-business-day deadline)
• Shares owned after transaction: not specified in the information provided
• Footnotes/plan: none noted in the provided summary

Context
Insider purchases can be interpreted as a positive signal because executives are adding personal capital, but they do not prove future performance. This was a direct purchase (not an option exercise or award). The late filing reduces near-term transparency but does not change the underlying transaction details.