Liao Zhanlin 4

What Happened
Liao Zhanlin, a director of Top KingWin Ltd (WAI), was issued 27,027 Class A ordinary shares on 2026-05-08 as an award (transaction code A). The shares were priced at $2.22 each, for a total reported value of $60,000. This was a compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-08; filing date: 2026-06-18 (filed late).
• Type: Award/Grant (code A) — acquisition of shares as compensation.
• Shares issued: 27,027 at $2.22 per share; total value $60,000.
• Shares owned after the transaction: not reported in the details provided.
• Footnote: The shares were issued as compensation for the period Oct 1, 2025–Mar 31, 2026 under his director letter agreement dated May 31, 2025.
• Timeliness: The Form 4 was filed more than a month after the transaction date (late filing), which is typically noted by the SEC and may merit follow-up.

Context
This was a compensation award to a director for services during a specified period. Awards and grants are routine compensation and do not necessarily signal a buy/sell intent by the insider. Retail investors should treat this as a remuneration event rather than a direct endorsement of the stock price; late filing is a procedural issue to be aware of.