Liu Yongsheng 4

What Happened

Liu Yongsheng, a director of Scienjoy Holding Corp (SJ), reported a series of open‑market sales totaling 30,000 common shares between June 8 and June 10, 2026. The six transactions were for 5,000 shares each at prices of $1.06, $1.09, $1.16, $1.15, $1.05 and $1.08, respectively, for an aggregate proceeds of approximately $32,950. These were outright sales (code S), which are typically routine dispositions rather than purchases that would signal bullish insider conviction.

Key Details

• Transaction dates and prices:
  • 2026-06-08: 5,000 @ $1.06 = $5,300
  • 2026-06-08: 5,000 @ $1.09 = $5,450
  • 2026-06-09: 5,000 @ $1.16 = $5,800
  • 2026-06-09: 5,000 @ $1.15 = $5,750
  • 2026-06-10: 5,000 @ $1.05 = $5,250
  • 2026-06-10: 5,000 @ $1.08 = $5,400
• Total shares sold: 30,000; total proceeds: ~$32,950.
• Filing: Form 4 filed on 2026-06-12 reporting trades dated June 8–10, 2026; this appears to be timely (Form 4s are generally due within two business days of the transaction).
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnotes/plans: No 10b5‑1 plan, tax‑withholding, or other special footnotes were indicated in the provided transaction summary.

Context

Sales by directors can be for many personal or portfolio reasons and do not necessarily indicate a change in company outlook. For retail investors, purchases are often more informative about insider sentiment; this set of open‑market sales should be viewed as routine insider selling unless other information (large insider stakes, related-party transactions, or plan disclosures) suggests otherwise.