Jun Zhang of ATA Creativity Global (NASDAQ: AACG) restructures and renews 1.27M options

Rhea-AI Filing Summary

ATA Creativity Global director, president, and 10% owner Jun Zhang reported option changes involving 1,274,092 options tied to Common Shares. Previously granted options covering 1,274,092 shares at an exercise price of 1.2611 and expiring on 2029-08-05 were cancelled by mutual agreement with the company. On the same date, Zhang received a new grant of 1,274,092 options with the same exercise price of 1.2611, now expiring on 2036-04-08, leaving him holding 1,274,092 options after these transactions.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Zhang Jun

Role President

Type	Security	Shares	Price	Value
Other	Option	1,274,092	$0.00	--
Grant/Award	Option	1,274,092	$0.00	--

Holdings After Transaction: Option — 0 shares (Direct)

Footnotes (1)

1. The previously granted options to Jun Zhang were cancelled upon mutual agreement between ATA Creativity Global and Jun Zhang. The options became exercisable in one-third tranches on each of April 1, 2022, 2023 and 2024.

Key Figures

Options cancelled: 1,274,092 options Options granted: 1,274,092 options Exercise price: 1.2611 per share +3 more

6 metrics

Options cancelled 1,274,092 options Derivative transaction code J on 2026-04-08

Options granted 1,274,092 options Derivative transaction code A on 2026-04-08

Exercise price 1.2611 per share Conversion or exercise price for both option awards

Old expiration date 2029-08-05 Expiration date of cancelled options

New expiration date 2036-04-08 Expiration date of newly granted options

Options after transactions 1,274,092 options Total derivative holdings following grant transaction

Key Terms

Option, grant/award acquisition, Other acquisition or disposition, conversion or exercise price, +1 more

5 terms

Option financial

"security_title": "Option""

grant/award acquisition financial

"transaction_action": "grant/award acquisition""

Other acquisition or disposition financial

"transaction_code_description": "Other acquisition or disposition""

conversion or exercise price financial

"conversion_or_exercise_price": "1.2611""

derivative financial

"transaction_type": "derivative""

A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Zhang Jun

(Last) (First) (Middle)

16TH FLOOR, GONGYUAN NO. 6

DONGCHENG DISTRICT

(Street)

BEIJING 100005

(City) (State) (Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
ATA Creativity Global [ AACG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option	$1.2611	04/08/2026		J(1)			1,274,092	(2)	08/05/2029	Common Share	1,274,092	$0	0	D
Option	$1.2611	04/08/2026		A		1,274,092		04/08/2026	04/08/2036	Common Share	1,274,092	$0	1,274,092	D

Explanation of Responses:

1. The previously granted options to Jun Zhang were cancelled upon mutual agreement between ATA Creativity Global and Jun Zhang.

2. The options became exercisable in one-third tranches on each of April 1, 2022, 2023 and 2024.

	/s/ Jun Zhang	04/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did ATA Creativity Global (AACG) report for Jun Zhang?

Jun Zhang restructured and renewed his option position. Previously granted options for 1,274,092 Common Shares were cancelled by mutual agreement, and he simultaneously received a new grant for the same 1,274,092 options at the same exercise price, but with a later expiration date.

How many ATA Creativity Global (AACG) options does Jun Zhang hold after this Form 4?

Jun Zhang holds 1,274,092 options after the transactions. The earlier 1,274,092 options were cancelled, and a new grant for 1,274,092 options was awarded, leaving his total option holdings at 1,274,092 according to the reported post-transaction balance.

What is the exercise price of Jun Zhang’s ATA Creativity Global (AACG) options?

The options carry an exercise price of 1.2611 per Common Share. Both the cancelled options and the newly granted options share this same conversion or exercise price of 1.2611, as disclosed in the transaction details.

When do Jun Zhang’s newly granted ATA Creativity Global (AACG) options expire?

The new options expire on 2036-04-08. The prior options were scheduled to expire on 2029-08-05, but the new grant extends the expiration date to 2036-04-08, lengthening the potential exercise window for these options.

Why were Jun Zhang’s previous ATA Creativity Global (AACG) options cancelled?

The earlier options were cancelled by mutual agreement. A footnote explains that options previously granted to Jun Zhang were cancelled upon mutual agreement between ATA Creativity Global and Jun Zhang, as part of this restructuring of his option awards.

What does the Form 4 say about vesting of Jun Zhang’s ATA Creativity Global options?

The options vested in three equal tranches. A footnote notes that the options became exercisable in one-third tranches on each of April 1, 2022, 2023, and 2024, outlining the vesting schedule associated with this option award.