Ho Simon Tak Leung 4

What Happened

• Director Ho Simon Tak Leung received 12,500 Class A ordinary shares upon the vesting of restricted share units (RSUs) on May 24, 2026. The Form 4 reports an acquisition of 12,500 shares at $0.00 (no cash paid) and a corresponding conversion/disposition of 12,500 derivative units at $0.00.
• The shares are held in the form of American depositary shares (ADS); each ADS represents five Class A ordinary shares, so 12,500 Class A shares are equivalent to 2,500 ADS. This transaction reflects an award/vesting event rather than an open-market purchase or sale.

Key Details

• Transaction date: May 24, 2026; Form 4 filed: May 26, 2026 (timely filing).
• Reported prices: $0.00 per share for both the acquisition and the derivative conversion/disposition.
• Shares involved: 12,500 Class A ordinary shares acquired; 12,500 derivative units disposed (as reported).
• Shares owned after the transaction: not specified in the provided filing.
• Relevant footnotes: F1 — Class A shares held as ADS (1 ADS = 5 Class A shares). F2–F4 — shares were issued upon RSU vesting on May 24, 2026; each RSU converts to one Class A share and RSUs have no expiration date.
• Transaction code: M (exercise/conversion of a derivative). No 10b5-1 plan or tax-withholding details were reported in the provided items.

Context

• This filing documents an RSU vesting event (award conversion), a common form of executive compensation and different from a market buy or sell. Because no cash purchase or open-market sale is recorded here, the transaction is not a direct signal of buying or selling intent in the market.