Yu Hongjian 4

What Happened
Yu Hongjian, Executive President and Director of BingEx Ltd (FLX), had 125,000 restricted share units (RSUs) vest on May 22, 2026 and converted into 125,000 Class A ordinary shares. The conversion/exercise was reported at $0.00 per share (no cash exercise price). Separately, 20 shares were disposed/withheld at $0.75 per ADS-equivalent share to cover taxes and administrative fees (amount withheld ≈ $15).

Key Details

• Transaction date: May 22, 2026; Filing date: May 26, 2026 (Form 4 accession 0001493152-26-025150). Filing appears timely.
• Primary transaction codes on the Form 4: M = exercise/conversion of derivative (125,000 shares @ $0.00); F = payment of tax liability/withholding (20 shares @ $0.75, $15).
• The 125,000 RSUs vested and converted on May 22, 2026 (footnote F4). Each RSU represents the contingent right to one Class A ordinary share (F3).
• Footnote F2 indicates shares were adjusted per ADS ratio and shares were withheld for administrative fees upon vesting.
• The filing excerpt provided does not state total shares owned by Yu Hongjian after the transaction.

Context
This was a standard RSU vesting and conversion (no open-market purchase or voluntary sale). The small share disposal (20 shares) reflects tax/fee withholding commonly used to satisfy withholding obligations and does not indicate a broader sale of shares. The conversion price of $0.00 means no cash was paid to receive the shares.