Zhang Jianbo 4

What Happened

• Zhang Jianbo, Chief Executive Officer of EpicQuest Education Group International Ltd (EEIQ), had 7,813 restricted stock units (RSUs) vest and convert into 7,813 common shares on March 31, 2026. The Form 4 reports an acquisition entry for 7,813 shares (conversion of derivative, code M) and a simultaneous disposition entry for 7,813 shares at $0 (derivative). No cash purchase was made — these were RSU vesting/conversion events, not an open-market buy or sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-24 (appears late relative to the 2-business-day rule).
• Reported entries: 7,813 shares acquired via exercise/conversion of a derivative (code M); 7,813 shares also reported as disposed at $0 on the same date.
• Price/Value: conversion/vesting; filing shows $0 on the disposition line and no cash consideration reported for the acquisition.
• Shares owned after transaction: not specified on the provided summary of the filing; filing notes that shares are held by an affiliated entity (see footnote).
• Footnotes of note:
  • F1: RSUs convert 1-for-1 into common stock.
  • F2: 31,250 RSUs were granted on 10/14/2025 and vest in four equal quarterly installments; 7,813 vested on 3/31/2026.
  • F3: Shares are held by Wonderland Holdings International Limited; Zhang is sole shareholder/director and is deemed the beneficial owner of those securities.

Context

• This was a vesting/conversion of RSUs (an award), not an open-market purchase or a sale for cash. The filing shows both acquisition and a $0 disposition line; the filing’s footnotes indicate the vested RSUs converted one-for-one and that the resulting shares are associated with Wonderland, an entity controlled by Zhang. The Form 4 was filed about three weeks after the transaction date, which reduces near-term transparency for investors.