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ATXG Form 4: CEO Receives 23,095 Shares Under 2024 Equity Plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Zhida Hong, who serves as both CEO and a director of Addentax Group Corp. (ATXG), acquired 23,095 shares of the issuer's common stock on 08/11/2025. The Form 4 reports these shares were issued pursuant to the company's 2024 Equity Incentive Plan and recorded at a price of $0, consistent with an equity award rather than an open-market purchase. After the transaction, the reporting person’s beneficial ownership is shown as 268,989 shares held directly.

This disclosure documents an insider equity grant that increases the CEO's direct shareholdings. The filing does not provide the issuer’s total shares outstanding or the award’s vesting schedule, so the grant’s proportional size and timing cannot be assessed from this form alone.

Positive

  • Reporting person acquired 23,095 common shares on 08/11/2025 as shown on the Form 4
  • Shares were issued under the 2024 Equity Incentive Plan, indicating an equity award rather than a market purchase
  • Beneficial ownership increased to 268,989 shares (direct) following the transaction

Negative

  • Transaction recorded at $0 per the Form 4, reflecting an issuance rather than a purchase
  • Form 4 does not disclose total shares outstanding or vesting terms, so the grant's proportionality and timing impact cannot be assessed from this filing alone

Insights

TL;DR: CEO Zhida Hong received a 23,095-share award, raising direct ownership to 268,989 shares.

The Form 4 shows a non‑market acquisition recorded at $0 under the issuer's 2024 Equity Incentive Plan on 08/11/2025. As reported, the transaction is an issuance rather than a purchase and increases the insider's direct holdings to 268,989 shares. The form lacks context on total shares outstanding, vesting, or dilution magnitude, limiting assessment of market impact. Based solely on the filing, this is a routine executive equity award disclosure.

TL;DR: Awarded shares align executive compensation with shareholders but the filing omits vesting and proportionality details.

The disclosure is explicit that the shares were issued under the 2024 Equity Incentive Plan and recorded at a $0 price, indicating compensation in the form of equity. Such grants are commonly used to align management incentives with long‑term performance. However, the Form 4 does not disclose vesting terms or the issuer's capitalization, so governance implications—such as whether the award is a standard grant or unusually large—cannot be determined from this filing alone.

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*
Zhida Hong

(Last) (First) (Middle)
C/O KINGKEY 100, BLOCK A, ROOM 4805,
LUOHU DISTRICT

(Street)
SHENZHEN CITY 518000

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ADDENTAX GROUP CORP. [ ATXG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 Stock 08/11/2025 A 23,095(1) A $0 268,989 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
Explanation of Responses:
1. Represents shares issued to the Reporting Person pursuant to the Issuer's 2024 Equity Incentive Plan.
/s/ Hong Zhida 08/13/2025
** 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.

FAQ

What transaction did the ATXG Form 4 disclose?

The Form 4 reports that Zhida Hong acquired 23,095 common shares on 08/11/2025.

Under what plan were the ATXG shares issued?

The shares were issued pursuant to the issuer's 2024 Equity Incentive Plan, per the Form 4 explanation.

At what price were the shares recorded on the ATXG Form 4?

The transaction is recorded at a price of $0 on the Form 4, indicating an equity award issuance.

How many ATXG shares does the reporting person own after the transaction?

Following the reported transaction, the Form 4 shows 268,989 shares beneficially owned directly by the reporting person.

Does the Form 4 provide vesting or outstanding share information for ATXG?

No. The Form 4 does not provide vesting schedule details or the issuer's total shares outstanding, so proportional impact cannot be determined from this filing.
Addentax Group

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