Liu Erhai 4

What Happened

• Liu Erhai, a director of Uxin Ltd (UXIN), was the reported recipient of two related-party distributions on May 14, 2026 totaling 907,928,100 Class A ordinary shares (558,725,100 + 349,203,000). Both transfers were reported as acquisitions for $0.00 per share (nil consideration) and coded as "J" (other acquisition/disposition).
• These were not open-market purchases or option exercises; they were transfers/distributions among affiliated entities. After the transactions, entities controlled by Liu collectively hold 20,579,308,546 Class A shares (reported aggregate figure).

Key Details

• Transaction dates: May 14, 2026 (reported on Form 4 filed May 15, 2026).
• Shares transferred: 558,725,100 and 349,203,000 (total 907,928,100); price reported $0.00 (nil consideration).
• Shares held after transactions (reported aggregate controlled entities): 20,579,308,546 Class A ordinary shares.
• Notable footnotes: distributions originated from Abundant Grace Investment Limited to Joy Capital III, L.P. (558,725,100) and to Brightest (349,203,000). Reporting person disclaims beneficial ownership of shares held by the listed entities except to the extent of pecuniary interest.
• Filing timeliness: Form 4 was filed the next day (May 15, 2026) — appears timely.

Context

• These transactions are transfers among related parties (distributions) and involve no cash paid; such moves do not necessarily signal the director buying or selling stock in the public market and should be interpreted differently than open-market purchases or sales.
• For retail investors, outright purchases by insiders are typically more indicative of personal investment sentiment; transfers among controlled entities often reflect corporate/ownership structuring rather than a directional bet on the stock.