Yang Jie (JIEYANG) 4

What Happened Yang Jie, Chief Financial Officer of Top KingWin Ltd (ticker: WAI), was issued 27,027 Class A ordinary shares on May 8, 2026 as a compensation award. The shares were recorded at $2.22 each, for a total reported value of $60,000. The transaction is coded as an award/acquisition (A), not an open-market purchase or sale.

Key Details

• Transaction date: May 8, 2026; filing date: June 18, 2026 (Form 4 filed late).
• Price reported: $2.22 per share; total value: $60,000 (27,027 shares).
• Shares owned after transaction: Not specified in this Form 4.
• Footnote: Shares were issued as compensation for the period Oct 1, 2025–Mar 31, 2026 under Yang Jie’s employment agreement (dated Aug 19, 2024).
• Transaction code: A (award/grant). No 10b5-1 plan, tax-withholding, or cashless exercise noted.

Context This was a compensation award (regular form of employee pay), which doesn’t carry the same market-signaling weight as an open-market purchase or sale. The filing was submitted over a month after the transaction date, reducing near-term transparency for investors.