Jia Li 4

What Happened
Jia Li, CEO of U Power Ltd (UCAR), reported a purchase of 1,829,269 ordinary shares on May 6, 2026 at $1.64 per share for a total of $3,000,001. The transaction is coded as a purchase (P), indicating an acquisition rather than a disposition.

Key Details

• Transaction date and price: May 6, 2026 — 1,829,269 shares @ $1.64 each (total $3,000,001).
• Transaction type: Purchase (open market or private purchase, reported as P).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: 1,050 Class A shares held by U Trend Limited (BVI), 100% owned by Jia Li.
  • F2: 14,736 Class B shares held by U Trend Limited (BVI), 100% owned by Jia Li.
  • F3: 14,944 Class B shares held by Upincar Limited (BVI), 100% owned by Jia Li.
  • F4: 7,125 Class B shares held by U Create Limited (BVI), 100% owned by Jia Li.
  • F5: Holdings adjusted for a 10-for-1 share consolidation effective April 1, 2026.
• Filing timeliness: The Form 4 was filed on May 20, 2026, 14 days after the May 6 transaction — appearing late (Form 4s are normally due within two business days), which can delay public visibility into insider activity.

Context
This was a straight purchase (code P). Footnotes show some shares are held through BVI entities wholly owned by Jia Li and that reported figures reflect the April 1, 2026 10:1 consolidation. Purchases by insiders are often of interest to retail investors because they represent direct acquisitions, but the filing alone does not explain motive.