Qin Zhen 4

What Happened
Zhen Qin, a reported 10% owner of Linkhome Holdings, disposed of a total of 1,580,000 common shares at $1.50 per share for aggregate proceeds of roughly $2.37 million. The transactions occurred on 2026-01-16 (166,667 shares, ~$250k) and 2026-03-17 (1,413,333 shares, ~ $2.12M). Many of these were private transfers of restricted stock from entities he controls (Wallstreet Venture Partners and Hongshan Capital) to named individuals, rather than standard open‑market block trades. These are sales/dispositions (not purchases), which are typically routine transfers rather than a direct purchase signal.

Key Details

• Dates & price: 2026-01-16 and 2026-03-17 at $1.50 per share.
• Shares sold: 1,580,000 total (166,667 on Jan 16; 1,413,333 on Mar 17). Total proceeds reported ≈ $2,370,001.
• Notable private transfers: 79,167 shares to Renovix LLC; 50,000 to Chunmei Qiao; 37,500 to Jia Zhou; 633,333 to Shaoxia Bi; 350,000 from Hongshan Capital to Zhicui Shan; 282,000 to Sau Hing Pat; 148,000 to Xueping Shen. These were privately transferred and not effected through open market trades (per footnotes).
• Entity control & disclaimers: Qin reportedly has sole voting power over shares held by Wallstreet Venture Partners and Hongshan Capital but disclaims beneficial ownership beyond pecuniary interest. Footnote also notes certain shares are held by his spouse (Na Li), with a disclaimer of beneficial ownership except for pecuniary interest.
• Filing timeliness: This Form 4 is a late filing — the report attributes the delay to inadvertent administrative errors and states the transfers were historical private transfers of restricted securities.

Context
These transactions are dispositions by a 10% owner and include private transfers from affiliated entities to individuals. Private transfers of restricted stock and late filings affect transparency but do not necessarily indicate insider sentiment about the company’s public market price.