Fan Zhen 4

What Happened
Fan Zhen, reported as a 10% owner of Haoxi Health Technology Ltd (HAO), purchased 40,000,000 shares on 2026-05-19 at $0.02 per share, for a total cost of $720,000. The transaction is reported on a Form 4 as a purchase (code P) and is described as an open-market or private purchase. Purchases by insiders are often viewed as a stronger signal of confidence than routine sales, though motives are not disclosed.

Key Details

• Transaction date: 2026-05-19; Filing date: 2026-05-20 (Form 4 accession 0001213900-26-059540).
• Shares purchased: 40,000,000 at $0.02 each; total value: $720,000.
• Transaction code: P (Purchase); described as open-market or private purchase on the Form 4.
• Shares owned after transaction: Not specified in the information provided in this summary (check the full Form 4 for post-transaction holdings).
• No 10b5-1 plan, tax-withholding, or other special footnotes were noted in the summary details provided here.

Context
As a 10% owner, Fan Zhen is a significant shareholder; such purchases increase insider ownership but do not by themselves explain intent or future company performance. Retail investors should view this as a factual ownership increase and consider it alongside other fundamentals, market conditions, and disclosures.