Li Yibing 4

What Happened

• Li Yibing, a director of Top KingWin Ltd (ticker: WAI), received 27,027 Class A ordinary shares as an award on May 8, 2026. The shares were reported at $2.22 each, for a total value of $60,000. This was an award/compensation issuance (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: May 8, 2026 — 27,027 shares at $2.22 per share (total $60,000).
• Transaction type: Award/Grant (Code A) — acquisition as compensation.
• Shares owned after transaction: Not disclosed in the supplied filing.
• Footnote: The shares were issued as compensation for the period Oct 1, 2025 to Mar 31, 2026 under Li’s director letter agreement dated Oct 10, 2024.
• Filing timeliness: The Form 4 was filed on June 18, 2026 (41 days after the transaction), later than the usual two-business-day Form 4 reporting window.

Context

• Compensation awards are common for directors and reflect pay, not necessarily a direct buy/sell signal about the insider’s market view. Retail investors should treat this as routine compensation disclosure and consider other insider trades and company fundamentals when assessing sentiment.