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BingEx Ltd·4

Mar 23, 8:21 AM ET

Tang Le 4

Research Summary

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BingEx (FLX) CFO Tang Le Receives 62,500 Shares via RSU

What Happened
Tang Le, Chief Financial Officer of BingEx Ltd (FLX), received 62,500 Class A ordinary shares when restricted share units (RSUs) were settled on March 19, 2026. The shares were acquired at $0.00 (typical for vested RSUs). To cover tax/administrative obligations, 13 shares were withheld/disposed at $0.86 each for a total of $11.

Key Details

  • Transaction date: March 19, 2026; Form 4 filed March 23, 2026 (filing is 4 days after the transaction date).
  • Primary actions reported:
    • M (exercise/conversion): 62,500 shares acquired @ $0.00 (RSU settlement).
    • F (tax withholding/administrative): 13 shares disposed @ $0.86 = $11.
  • Footnotes from filing:
    • RSUs vested on January 3, 2026 and were settled on March 19, 2026.
    • Each RSU represents the contingent right to receive one Class A ordinary share.
    • Shares were adjusted for ADS ratio and withholding for administrative fees.
  • Shares owned after the transaction: not specified in the information provided.

Context
This was an RSU settlement (award conversion to shares), not an open-market purchase or sale signaling a trading view. The small disposal (13 shares) was a routine withholding to satisfy tax/fees. Derivative code M here denotes conversion/exercise of the RSU into shares; code F denotes shares withheld for tax/administrative purposes.