Yu Hongjian 4

What Happened

• Yu Hongjian, Executive President and Director of BingEx Ltd (FLX), had 125,000 restricted share units (RSUs) settled into 125,000 Class A ordinary shares on March 19, 2026. The RSUs converted at $0.00 per share (no cash purchase). Seventeen shares were withheld to cover taxes/administrative fees (17 shares × $0.86 = $15), leaving a net increase of 124,983 shares.

Key Details

• Transaction date: March 19, 2026; Form 4 filed March 23, 2026 (timely).
• Primary actions: M = conversion/exercise of derivative (125,000 RSUs → 125,000 shares); F = shares withheld for taxes/fees (17 shares disposed at $0.86).
• Reported prices/values: conversion price $0.00; tax withholding 17 shares × $0.86 = $15.
• Shares owned after transaction: Not disclosed on this Form 4.
• Relevant footnotes:
  • F1: Shares acquired upon vesting of RSUs.
  • F3: Each RSU equals one Class A ordinary share.
  • F4: These 125,000 RSUs vested on January 3, 2026 and were settled on March 19, 2026.
  • F2: Shares were adjusted per ADS ratio and withheld for administrative fees upon vesting.

Context

• This was an award/settlement of vested RSUs, not an open-market purchase or sale. The conversion of RSUs into shares is a routine compensation event; the small share withholding was to cover taxes/fees. No sale of the newly issued shares was reported.