Zhang Ming 4

What Happened

• Zhang Ming, a director of Sound Group Inc. (SOGP), sold a total of 1,001 shares in two open-market transactions on April 2, 2026. He sold 1,000 shares at $16.88 each (proceeds $16,880) and 1 share at $15.05 (proceeds $15), for combined proceeds of approximately $16,895. This was a sale (not a purchase or option exercise).

Key Details

• Transaction dates & prices: 2026-04-02 — 1,000 shares @ $16.88; 1 share @ $15.05.
• Total proceeds: ≈ $16,895.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnote: F1 notes each ADS (American Depositary Share) represents 200 Class A ordinary shares — relevant if ADSs are involved, though the transactions reported are in shares.
• Filing: report filed with accession 0001493152-26-015223 on 2026-04-06 (covers the April 2 transactions). No 10b5-1 plan, tax-withholding, or late-filing flag is noted in the provided details.

Context

• Sales by directors can be routine (portfolio rebalancing, personal liquidity) and do not necessarily indicate negative company outlook. For investors, purchases are often more informative about insider confidence; this filing documents a modest insider sale.