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Datasea Intelligent Technology Ltd.·4

Jun 3, 9:05 AM ET

Liu Zhixin 4

Research Summary

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Updated

Datasea (DTSS) 10% Owner Liu Zhixin Receives Awards, Converts Shares

What Happened
Liu Zhixin, a 10% owner of Datasea Intelligent Technology Ltd. (DTSS), received multiple stock awards and experienced a conversion of prior Datasea shares into Issuer ordinary shares tied to a merger. Across grants from Oct 2025–Apr 2026 she was issued a total of 3,053,458 shares (aggregate reported value ≈ $3,451,231). On April 16, 2026 she recorded a disposition of 2,000,000 Datasea common shares for $1.07/share ($2,140,000) that was simultaneously reported as an acquisition of 2,000,000 Class B ordinary shares at $1.07/share — reflecting the merger conversion.

Key Details

  • Main transactions (date / type / qty / price / value):
    • 2025-10-17: Award — 45,000 shares @ $1.92 = $86,400 (F1: compensation in lieu of cash)
    • 2025-10-17: Award — 15,522 shares @ $1.92 = $29,802 (F2: payment of accrued salary)
    • 2025-11-25: Award — 842,936 shares @ $1.27 = $1,070,529 (F3: consideration for IP purchase)
    • 2026-01-05: Award — 150,000 shares @ $0.83 = $124,500
    • 2026-04-16: Disposition to issuer — 2,000,000 shares @ $1.07 = $2,140,000 (D)
    • 2026-04-16: Acquisition (conversion) — 2,000,000 Class B ordinary shares @ $1.07 = $2,140,000 (A) (F4: Merger conversion)
  • Total shares acquired (awards + conversion): 3,053,458 shares; total reported value of acquisitions ≈ $3,451,231.
  • The April 16, 2026 disposition and acquisition reflect a merger: Datasea merged into the Issuer and certain Datasea common shares converted into Class B ordinary shares (F4).
  • Shares owned after the transactions: not specified in the filing.
  • Filing timeliness: marked as late (transactionTimeliness = 'L'); Form 4 was filed 2026-06-03 covering transactions beginning 2025-10-17 — investors should note the delayed public reporting.

Context
These entries are largely awards/consideration (compensation, salary payment, and payment for IP) and a structural conversion tied to a merger, not open-market purchases or sales. Awards and conversion due to corporate actions do not necessarily indicate the insider’s market sentiment. As a 10% owner, Liu is a significant shareholder (reporting-level insider) rather than a routine executive open-market trader.