ATA Creativity Global (AACG) CFO awarded 4.4M shares as options are cancelled

Rhea-AI Filing Summary

ATA Creativity Global’s Chief Financial Officer, Ruobai Sima, reported a compensation-related share grant and an option cancellation. On April 30, 2026, Sima received 4,400,000 Common Shares at a stated price of $0.00 per share, bringing direct holdings to 4,400,000 shares.

The filing also shows a derivative transaction on April 8, 2026 involving 200,000 options on Common Shares with a $0.79 exercise price, which now show 0 options remaining. Footnotes explain that previously granted options to Sima were cancelled by mutual agreement and had been scheduled to vest in quarterly tranches from February 6, 2023 through 2026.

Insights

Equity compensation analyst

CFO receives large share grant; prior options cancelled.

The filing shows ATA Creativity Global awarding CFO Ruobai Sima 4,400,000 Common Shares at a stated price of $0.00 per share. This looks like an equity compensation event rather than an open-market purchase, and it establishes a sizable direct share position.

Separately, 200,000 options on Common Shares with a $0.79 exercise price and a vesting schedule through 2026 were cancelled by mutual agreement, leaving no remaining options from that grant. Overall, this is a restructuring of the CFO’s equity package, shifting value from options into full shares without signaling any market buying or selling.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Sima Ruobai

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Share	4,400,000	$0.00	--
Other	Option	200,000	$0.00	--

Holdings After Transaction: Common Share — 4,400,000 shares (Direct, null); Option — 0 shares (Direct, null)

Footnotes (1)

1. The previously granted options to Ruobai Sima were cancelled upon mutual agreement between ATA Creativity Global and Ruobai Sima. The options became exercisable in one-quarter tranches on each of February 6, 2023, 2024, 2025 and 2026.

Key Figures

CFO share grant: 4,400,000 Common Shares Grant price per share: $0.00 per share CFO holdings after grant: 4,400,000 Common Shares +3 more

6 metrics

CFO share grant 4,400,000 Common Shares Granted on April 30, 2026 as equity award

Grant price per share $0.00 per share Stated transaction price for 4,400,000-share award

CFO holdings after grant 4,400,000 Common Shares Total direct ownership following reported transactions

Cancelled options 200,000 options Derivative position now zero after J-code transaction

Option exercise price $0.79 per share Exercise price of cancelled options on Common Shares

Option expiration February 6, 2032 Original expiration date of cancelled options

Key Terms

Grant, award, or other acquisition, Other acquisition or disposition, Common Share, Option, +1 more

5 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Other acquisition or disposition financial

"transaction_code_description: Other acquisition or disposition"

Common Share financial

"security_title: Common Share; underlying_security_title: Common Share"

A common share is a type of ownership in a company that gives the holder a claim to a portion of the company’s profits and assets. It often comes with voting rights, allowing shareholders to participate in decisions about the company’s direction. For investors, owning common shares can mean potential for growth and income, but also involves a higher level of risk compared to other types of investments.

Option financial

"security_title: Option for derivative transaction"

exercise price financial

"conversion_or_exercise_price: 0.7900"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

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^*

Sima Ruobai

(Last) (First) (Middle)

GONGYUAN XIJIE NO.6

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

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
Common Share	04/30/2026		A		4,400,000	A	$0	4,400,000	D

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	$0.79	04/08/2026		J(1)			200,000	(2)	02/06/2032	Common Share	200,000	$0	0	D

Explanation of Responses:

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

2. The options became exercisable in one-quarter tranches on each of February 6, 2023, 2024, 2025 and 2026.

	/s/ Sima Ruobai	04/30/2026
	** 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 did ATA Creativity Global (AACG) disclose about its CFO’s share grant?

ATA Creativity Global disclosed that CFO Ruobai Sima received a grant of 4,400,000 Common Shares at a stated price of $0.00 per share. This award increases the CFO’s direct equity stake and reflects compensation rather than an open-market stock purchase.

How many ATA Creativity Global (AACG) shares does the CFO hold after this Form 4?

After the reported transactions, CFO Ruobai Sima directly holds 4,400,000 Common Shares of ATA Creativity Global. This total comes entirely from the new grant reported on April 30, 2026, according to the share balance shown following the transaction.

What happened to the ATA Creativity Global (AACG) options reported in the filing?

The filing shows 200,000 options on ATA Creativity Global Common Shares, with a $0.79 exercise price and expiration in 2032, now reduced to zero. Footnotes explain these previously granted options to Ruobai Sima were cancelled upon mutual agreement with the company.

Was the ATA Creativity Global (AACG) CFO share transaction a market purchase or a grant?

The transaction was classified as a grant or award acquisition, not an open-market purchase. The Form 4 uses transaction code A with a $0.00 per-share price, indicating equity compensation issued by ATA Creativity Global to CFO Ruobai Sima.

What vesting schedule applied to the cancelled ATA Creativity Global (AACG) options?

According to the footnotes, the cancelled options became exercisable in one-quarter tranches on each of February 6, 2023, 2024, 2025, and 2026. This schedule describes how those options would have vested over four years before their mutual cancellation.

Does this ATA Creativity Global (AACG) Form 4 show any insider share sales?

The Form 4 does not report any open-market share sales by CFO Ruobai Sima. It shows a grant of 4,400,000 Common Shares as compensation and the cancellation of 200,000 previously granted options, with no sale transactions indicated in the summarized data.