Li Tiezheng 4

What Happened Li Tiezheng, Chief Executive Officer of FinVolution Group (FINV), had RSUs vest and receive a new RSU award in early April 2026. On April 8, 2026, 102,825 RSUs vested and were converted to ADS (acquired at $0.00). To cover tax withholding tied to that vesting, 48,195 ADS were sold on April 9, 2026 at $1.01 per ADS for proceeds of $48,677 (sell-to-cover). On April 10, 2026 he was granted an additional 1,286,150 RSUs (acquired at $0.00). Net new RSUs/awards received across these filings total 1,388,975 ADS-equivalents.

Key Details

• Transaction dates and amounts:
  • 2026-04-08: 102,825 RSUs vested → 102,825 ADS acquired (reported $0.00).
  • 2026-04-09: 48,195 ADS sold to cover taxes @ $1.01 = $48,677 (sell-to-cover).
  • 2026-04-10: 1,286,150 RSUs granted → 1,286,150 ADS acquired (reported $0.00).
• Footnotes of note:
  • F1: The reported securities are American depositary shares (ADS); each ADS represents five Class A ordinary shares.
  • F2/F5/F6: RSUs vested April 8, 2026; each RSU represents a right to one Class A ordinary share; the RSUs have no expiration.
  • F3: The April 9 sale was a "sell-to-cover" to satisfy tax withholding on RSU vesting.
  • F4: Some holdings are through Happyariel Holding Limited, a vehicle beneficially owned/controlled by Mr. Li.
• Shares owned after the transactions: not stated in the provided filing excerpt.
• Filing timeliness: Form filed on 2026-04-10 for transactions occurring 4/8–4/10; appears timely.

Context

• These transactions are compensation-related (RSU vesting and a new RSU grant). The April 9 sale was a routine sell-to-cover to pay taxes rather than an open-market sell expressing a view on the stock. Awards/RSU grants indicate compensation, not necessarily a purchase signal of personal bullishness.