Wang Bingzhong 4

What Happened

• Wang Bingzhong, CEO of Metalpha Technology Holding Ltd (MATH), was reported to have acquired 434,520 ordinary shares on May 12, 2026. The transaction is coded as "Other acquisition or disposition (J)" on the Form 4. Price reported: $0.00 per share, aggregate value $0, reflecting an in-kind distribution rather than a purchase.

Key Details

• Transaction date: 2026-05-12; Form 4 filed: 2026-05-14 (appears timely under Section 16 two-business-day rule).
• Shares reported acquired: 434,520 ordinary shares at $0.00 per share; total reported cash consideration: $0.
• Ownership after transaction: Not specified in the provided excerpt of the filing.
• Footnote highlights:
  • F1: Shares were received as an in-kind distribution from LSQ Management Limited, in which the reporting person is a shareholder; no additional consideration was paid.
  • F2: The shares are held of record by MetaSphere Limited (an entity wholly owned by the reporting person’s spouse). Wang disclaims beneficial ownership except to the extent of his pecuniary interest.
• Transaction code J = other acquisition/disposition (not a market buy, sale, option exercise, or gift code).

Context

• This was an in-kind distribution (transfer of shares from an entity), not an open-market purchase or sale; such distributions do not necessarily reflect the insider’s trading sentiment. The record ownership by a spouse-owned entity and the disclaimer of beneficial ownership are common structures; they affect how much direct beneficial ownership the CEO may be deemed to have for Section 16 purposes.