Wang Yanzhi 4

What Happened Wang Yanzhi, a director of UTime Ltd (WTO), was awarded 200,000 restricted stock units (RSUs) on April 29, 2026. The Form 4 reports an acquisition of 200,000 shares at $0.00 (total reported value $0) because these were RSUs rather than a cash purchase. According to the filing, the RSUs vest immediately following the grant date; each RSU represents the right to one UTime Class A ordinary share.

Key Details

• Transaction date: 2026-04-29 (award/grant; transaction code A)
• Reported price: $0.00 per share; reported aggregate value: $0
• Filing date: 2026-05-28 (the Form 4 was filed 29 days after the transaction, which appears late relative to the usual 2-business-day Form 4 deadline)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnote: The RSUs were awarded on April 29, 2026 and vest immediately; each RSU converts to one Class A ordinary share
• No 10b5-1 plan, tax withholding, or sale reported in this filing

Context RSU awards are typically compensation and differ from open-market purchases or sales; an immediate vesting RSU grant effectively results in the insider receiving shares without a purchase outlay reported on Form 4. This type of filing does not, by itself, indicate the insider’s view of the stock’s near-term prospects. The late filing may be a regulatory timeliness issue but does not change the economic fact of the award disclosed.