Bao Minfei 4

What Happened

• Bao Minfei, a director of UTime Ltd (WTO), was awarded 200,000 restricted stock units (RSUs) on April 29, 2026. The Form 4 shows an acquisition price of $0 per share, for a recorded total of $0. Per the filing, these RSUs vest immediately and each RSU represents the right to one UTime Class A ordinary share.

Key Details

• Transaction date: April 29, 2026; Form 4 filed: May 28, 2026 (filed late).
• Transaction type/code: A — Award/Grant.
• Shares acquired: 200,000 RSUs; reported acquisition price: $0. Total recorded value on Form 4: $0.
• Shares beneficially owned after the transaction: 200,036 total (200,000 directly by Bao Minfei plus 36 held by Gransky Phoenix Limited, an entity wholly owned by him) per footnote.
• Footnotes: F1 — RSUs vest immediately and convert 1:1 to Class A shares. F2 — clarifies the 36 shares held by a wholly owned entity.
• Timeliness: The Form 4 was filed about 29 days after the grant; Form 4s are normally due within 2 business days of the transaction.

Context

• This was an award/grant (not a market purchase or sale). Immediate vesting means Bao now beneficially owns the shares rather than holding a time‑conditioned award. Awards are routine compensation or board grants and do not by themselves indicate a buy/sell sentiment.