Xie Hailin 4

What Happened

• Xie Hailin, a director of UTime Ltd (WTO), was granted 200,000 restricted stock units (RSUs) on April 29, 2026. Each RSU converts into one Class A ordinary share and the award vested immediately. The Form 4 reports the acquisition at $0.00 per share (total reported value $0) because this was a compensation award rather than a market purchase.

Key Details

• Transaction date: April 29, 2026; Reported filing date: May 28, 2026 (see note on timeliness below).
• Transaction type/code: Award/Grant (A) — 200,000 RSUs acquired at $0.00.
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: The RSUs vest immediately following the grant; each RSU entitles the holder to one Class A ordinary share.
• Timeliness: The Form 4 was filed about four weeks after the April 29 grant. Form 4s are typically due within two business days of the reportable transaction, so this filing appears late.

Context

• RSUs are a form of equity compensation; because these RSUs vested immediately, Xie effectively received 200,000 shares as compensation rather than buying them on the open market. Awards like this reflect company compensation decisions and do not by themselves indicate insider buying or selling sentiment.