Wang Yuxiang 4

What Happened
Wang Yuxiang, FinVolution Group's COO and CTO, had 2,012,235 restricted share units (RSUs) vest on April 3, 2026 and acquired the underlying shares. To satisfy tax withholding, 905,160 shares were sold in a sell-to-cover transaction on April 6, 2026, resulting in proceeds of $914,212. The transactions were reported on an SEC Form 4 filed April 7, 2026.

Key Details

• Transaction dates: RSU vesting and acquisition on 2026-04-03; sell-to-cover sale on 2026-04-06; Form 4 filed 2026-04-07.
• Shares involved: 2,012,235 shares acquired on vesting (RSUs); 905,160 shares disposed to cover taxes.
• Prices/Value: Sale of 905,160 shares at $1.01 per share for $914,212. The RSUs vested with $0 exercise price reported (typical for RSU settlement).
• Footnotes: Holdings are in the form of American Depositary Shares (ADS); each ADS represents five Class A ordinary shares. Each RSU represents a contingent right to one Class A ordinary share; RSUs vested on April 3, 2026 and have no expiration. The sale was a "sell-to-cover" to pay tax withholding obligations.
• Shares owned after the transactions: not specified in this Form 4.

Context
This was a routine RSU vesting and sell-to-cover tax withholding—not an open-market investment decision. The insider acquired shares through vesting (an award) and immediately sold a portion to cover taxes (a common, non-directional event). There is no indication in the filing that the transaction was part of a 10b5-1 plan or that the Form 4 was late.