Xiang Bing 4

What Happened

• Xiang Bing, a director of FinVolution Group (FINV), received 18,750 Class A ordinary shares on May 24, 2026 when restricted share units (RSUs) vested. The reported acquisition price was $0.00, reflecting a non‑cash award/vesting event rather than an open‑market purchase or sale.
• The filing also shows a corresponding derivative conversion/cancellation entry for 18,750 shares (code M). No sale of the newly acquired shares was reported in this Form 4.

Key Details

• Transaction date: May 24, 2026; Form 4 filed May 26, 2026 (filed within two business days, appears timely).
• Reported entries: 18,750 shares acquired at $0.00 (vesting of RSUs) and 18,750 shares shown as a derivative conversion/disposition at $0.00.
• Shares owned after the transaction: not disclosed in this filing.
• Footnotes: (F1) Class A ordinary shares are held as American depositary shares (ADS); each ADS = 5 Class A shares. (F2–F4) The 18,750 shares were acquired upon RSU vesting on May 24, 2026; each RSU equals one Class A share and RSUs have no expiration.
• ADS equivalent: 18,750 Class A shares = 3,750 ADS (18,750 ÷ 5).

Context

• This was a vesting of RSUs (an award) and not a cash exercise of options. No proceeds or cash consideration were reported.
• Because the filing does not show an immediate sale, this does not indicate an exit; it simply reports shares issued on vesting. To estimate the monetary value, multiply 18,750 shares by FINV’s market price per Class A share or by ADS price after accounting for the 5:1 ratio.