Chen Pingping 4

What Happened

• Chen Pingping, President and Chief Compliance Officer of FinVolution Group (FINV), had 966,140 restricted share units (RSUs) vest on April 10, 2026. The RSUs were settled/converted into underlying shares (reported as American Depositary Shares, ADSs) on that date. To satisfy tax withholding, 450,180 of those shares were sold on April 13, 2026 at $0.99 per share for proceeds of $445,678. Net retained shares from the settlement equal 515,960 ADSs (966,140 acquired minus 450,180 sold).

Key Details

• Transaction dates: RSU vesting/settlement April 10, 2026; sell-to-cover tax withholding April 13, 2026. Filing date: April 14, 2026 (filed within the two-business-day Form 4 window).
• Prices/values: 450,180 ADSs sold at $0.99 each for $445,678. RSUs were granted/settled at $0.00 (vested awards), per SEC reporting conventions.
• Shares owned after transaction: filing shows a net retention of 515,960 ADSs from this vesting event (noting total pre-existing ownership outside this excerpt is not shown).
• Footnotes of note:
  • The filing reports Class A ordinary shares in the form of ADSs; each ADS represents five Class A ordinary shares (so 966,140 ADSs = 4,830,700 underlying Class A shares).
  • RSUs vested on April 10, 2026, each RSU converts to one Class A ordinary share (no expiration).
  • The 450,180-share disposal was a sell-to-cover to satisfy tax withholding obligations upon RSU settlement.

Context

• This was a standard RSU vesting and cashless sell-to-cover for tax withholding—not an open-market purchase or a deliberate selling program signaling a trading view. The filing shows an award (A) and exercise/conversion of the derivative (M) to settle the RSUs, followed by a tax-related disposition (F). For retail investors, award vesting increases insider-held shares; the sell-to-cover is routine and primarily tax-driven.