Li Yanna 4

What Happened

• Li Yanna, a director of Top KingWin Ltd (ticker: WAI), received an award of 21,622 Class A ordinary shares on 2026-05-08. The reported acquisition price/value is $2.22 per share, for a total reported value of $48,001. This was an award/compensation grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-05-08 at $2.22 per share.
• Shares acquired: 21,622 shares; total reported value: $48,001.
• Shares owned after transaction: Not specified in the available Form 4 filing.
• Footnote: The shares were issued as director compensation for the period Oct 1, 2025–Mar 31, 2026 under her director letter agreement dated Oct 11, 2024.
• Filing timeliness: The Form 4 was filed on 2026-06-18, more than a month after the transaction date (Form 4s are normally required within 2 business days), so this appears to be a late filing.

Context

• Compensation awards to directors are common and reflect pay rather than an independent market signal; they do not necessarily indicate the insider’s short-term view of the stock.
• Because the filing was late, public disclosure of the award was delayed; late filings may draw SEC attention but do not by themselves indicate wrongdoing.