Liu Nanxi 4

What Happened
Director Liu Nanxi received a grant of 186,717 restricted stock units (RSUs) on 2026-05-19. The award is cash‑settled (derivative) and was reported at $0.00 purchase price because no shares were bought or sold; the RSUs represent a contingent right to receive an amount in cash equal to the fair market value of one share on the vesting date. Vesting is scheduled for the 2027 annual shareholder meeting, contingent on the reporting person's continued service with the company.

Key Details

• Transaction date: 2026-05-19 (filed same day — timely filing).
• Security: 186,717 cash‑settled RSUs (reported as an Award/Grant, code "A"); reported acquisition price $0.00 because this is a grant.
• Post‑transaction shares owned: Not disclosed in the filing.
• Footnote: RSUs are cash‑settled — each RSU entitles the holder to a cash payment equal to the fair market value of one share at vesting; RSUs vest on the 2027 annual shareholder meeting date, subject to continued service.
• No indication of tax withholding, sale, or 10b5‑1 plan in the filing.

Context: Cash‑settled RSUs are compensation awards that do not immediately transfer stock and will pay cash based on the stock price at vesting; they are common executive/director compensation and do not by themselves indicate buying or selling intent in the market.