KE Holdings Inc. (BEKE) SEC Filings

KE Holdings Inc. (BEKE) director Chen Xiaohong reported equity compensation activity involving American Depositary Shares (ADSs) and Restricted Share Units (RSUs). On September 2, 2026, RSUs corresponding to 8,750 ADSs vested and were converted into ADSs, and a new award of 10,704 RSU-linked ADSs was granted, scheduled to vest on September 2, 2027. On September 3, 2026, 1 ADS was withheld or delivered at $17.73 per ADS for payment of exercise price or tax liability. Each ADS represents three Class A ordinary shares of KE Holdings Inc.

KE Holdings Inc. (BEKE) reported the grant of 45,876 restricted share units (RSUs), representing an equal number of underlying Class A ordinary shares, to two independent non-executive directors under its 2020 Share Incentive Plan. On September 2, 2026, 32,112 RSUs were granted to Ms. Xiaohong Chen and 13,764 RSUs to Mr. Hansong Zhu, with a purchase price of nil and a reference closing share price of HK$46.68 per Class A ordinary share on the grant date.

The RSUs will fully vest on the first anniversary of the grant date, are not subject to any performance targets, and form part of the remuneration packages of the independent non-executive directors in line with Hong Kong Corporate Governance Code recommendations. The grants include clawback mechanisms that allow forfeiture of unvested RSUs and potential repayment of benefits from vested RSUs in certain termination-for-cause scenarios. Vesting will be satisfied using existing Class A ordinary shares issued before the Hong Kong listing, and the grants do not cause options and awards to these grantees in the last 12 months to exceed 1% of shares in issue.

Under the 2020 Share Incentive Plan, the maximum aggregate number of Class A ordinary shares that could be issued as of the listing date was 253,246,913. As of this announcement and after these Director Grants, 120,647,417 Awards (equal number of underlying Class A ordinary shares) remain available for future grant, with the amended plan effective from May 11, 2022 and expiring on its tenth anniversary unless terminated earlier.

KE Holdings Inc. (BEKE) reported mixed top-line but sharply improved profitability for the quarter and six months ended June 30, 2026. Second-quarter net revenues fell 5.7% year-over-year to RMB24.5 billion, while full first-half 2026 net revenues declined 12% to RMB43.4 billion.

Profitability strengthened significantly. Q2 gross profit rose to RMB7.0 billion with gross margin expanding to 28.6% from 21.9%. Income from operations reached RMB3.0 billion and net income doubled to RMB2.6 billion. Adjusted net income was RMB3.2 billion in Q2, up 74.9% year-over-year; for the first half, adjusted net income grew 49.2% to RMB4.8 billion.

Total cost of revenues declined 13.7% in Q2 and operating expenses fell 14.1%, lifting adjusted operating margin to 14.6%. The company held RMB56.0 billion in cash, cash equivalents, restricted cash and short-term investments and continued aggressive buybacks, having repurchased about US$2.99 billion of shares since 2022, representing roughly 14.8% of pre-program shares.

KE Holdings Inc. insider Shan Yigang, an Executive Director, reported an internal share reclassification involving both Class A and Class B ordinary shares held indirectly through Clover Rich Limited. Following the cancellation of 26,677,794 Class A ordinary shares represented by repurchased ADSs and two surrendered Class A shares, Mr. Shan converted 316,964 Class B ordinary shares into 316,964 Class A ordinary shares on a 1:1 basis under the Hong Kong Listing Rules. After these transactions, he indirectly held 57,194,859 Class A and 40,820,871 Class B ordinary shares; the total number of shares held remained the same, with only the share class mix changing.

KE Holdings Inc. director and Chief Executive Officer Peng Yongdong reported an internal share reclassification on August 14, 2026. Following the cancellation of 26,677,794 Class A ordinary shares represented by repurchased ADSs and two surrendered Class A shares, a controlled corporation associated with Peng converted 730,525 Class B ordinary shares into 730,525 Class A ordinary shares on a 1:1 basis under the Hong Kong Listing Rules. After these indirect transactions, Peng’s associated holdings totaled 78,858,234 Class A ordinary shares and 94,082,291 Class B ordinary shares, reflecting a restructuring rather than a net change in overall share count held.

KE Holdings Inc. major shareholder Baihui Partners L.P. filed an amended beneficial ownership report. Baihui Partners is deemed to beneficially own 849,601,280 Class A ordinary shares of KE Holdings through voting power over shares held by Propitious Global Holdings Limited under an Irrevocable Proxy and Power of Attorney. Based on 3,435,761,272 total issued ordinary shares (3,300,858,110 Class A and 134,903,162 Class B) as of August 14, 2026, this position represents 24.7% of the issuer’s ordinary shares as a single class. Baihui Partners reports sole voting power over these shares, but no dispositive power, and states that its share count has not changed in the past 60 days; the percentage changed due to KE Holdings’ share repurchase and cancellation, which reduced the number of shares outstanding.

KE Holdings Inc. (BEKE) received an updated Schedule 13D/A (Amendment No. 5) from entities affiliated with ZHU Yan. The reporting group, through Propitious Global Holdings Limited, Grain Bud Holding Limited, Z&Z Trust and related entities, continues to beneficially own 849,601,280 Class A ordinary shares. ZHU Yan individually is deemed to beneficially own 849,639,740 Class A shares, including 38,460 Class A shares in the form of ADSs held by Oxygen Element Limited.

The filing reports that these holdings now represent 24.7% of KE Holdings’ 3,435,761,272 issued ordinary shares (3,300,858,110 Class A and 134,903,162 Class B) as of August 14, 2026, after the company’s share repurchase and cancellation reduced the overall share count. The number of shares held by the reporting persons did not change during the past 60 days, and they report no transactions in that period. Propitious Global Holdings Limited has granted Baihui Partners L.P. an Irrevocable Proxy and Power of Attorney to exercise voting rights for all 849,601,280 Class A shares.

KE Holdings Inc. reported that its board of directors will meet on August 21, 2026 to consider and approve the Group’s unaudited financial results for the three months ended June 30, 2026, as well as the unaudited interim results for the six months ended June 30, 2026, and their publication.

Management will host an earnings conference call on August 21, 2026 at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Beijing/Hong Kong Time), with both Chinese and English simultaneous-interpretation lines and a replay available through August 28, 2026 via phone and webcast.