Li Tiezheng 4

What Happened Li Tiezheng, CEO of FinVolution Group (FINV), had 697,070 restricted share units (RSUs) vest on June 1, 2026 and those RSUs converted into Class A ordinary shares (reported as American depositary shares per the filing). Immediately following vesting, 328,770 shares were sold in a sell-to-cover transaction on June 2, 2026 at $1.05 per share to satisfy tax withholding obligations, generating $345,209. The remaining 368,300 shares from this vesting were retained.

Key Details

• Transaction dates: RSU vesting/conversion on June 1, 2026; sell-to-cover disposition on June 2, 2026. Form 4 filed June 3, 2026 (appears timely).
• Amounts/prices: 697,070 shares issued on vesting (reported at $0.00 acquisition cost); 328,770 shares disposed at $1.05 each for $345,209.
• Net retained from vesting: 368,300 shares (697,070 − 328,770).
• Footnotes: Shares are held in ADS form (each ADS = five Class A ordinary shares). RSUs vested on June 1, 2026 and have no expiration date. The sale was a sell-to-cover to cover tax withholding.
• Ownership after transaction: filing shows the vesting and sell-to-cover details; total beneficial ownership after the transaction (including pre-existing holdings) is not disclosed in the provided excerpt.

Context This was a compensation-related transaction: RSUs vested and converted into shares, with a routine sell-to-cover to meet tax obligations. That pattern (award + sell-to-cover) is common and does not by itself indicate a discretionary open-market sale or a change in investment stance. The records show conversion/exercise of derivative awards (RSUs) rather than a purchase on the open market.