Zou Junming Terence 4

What Happened

• Zou Junming Terence, a reported 10% owner of Ryde Group Ltd (RYDE), sold 618,750 Class A ordinary shares on May 18, 2026 for $0.85 each, generating proceeds of $525,938. The same day the company issued him 3,500,000 Class B ordinary shares at $0.00 as a performance-based award. Those newly issued Class B shares were transferred to ABJZ Holding Ltd, a company wholly owned by Zou, and are reported as indirectly beneficially owned.

Key Details

• Transaction date: May 18, 2026.
• Sale: 618,750 Class A shares @ $0.85 — proceeds $525,938 (per footnote: pursuant to a share sale and purchase agreement).
• Award/Acquisition: 3,500,000 Class B shares @ $0.00 (issued after specified performance milestones were met and approved by the board; then transferred to ABJZ Holding Ltd).
• Ownership reporting: The Class B shares are held indirectly via ABJZ Holding Ltd (wholly owned by the reporting person).
• Filing timeliness: Report filed May 18, 2026 (same day), no late filing noted in the provided data.
• Transaction codes: S = sale, A = award/grant.

Context

• The sale is a cash disposition (routine liquidity event) while the 3.5M-share entry is a performance-based grant (not an open-market purchase). Grants and transfers into a controlled holding company indicate a change in how the shares are held, but are not themselves market purchases that signal increased personal buying conviction.
• As a 10% owner rather than a typical named executive, Zou’s activity reflects significant ownership-level transactions and corporate-approved milestone awards; retail investors should note the size of the award versus the cash proceeds from the sale but avoid inferring motive from these facts alone.