[144] KE Holdings Inc. SEC Filing

Rhea-AI Filing Summary

KE Holdings (BEKE) filed a Form 144 proposing the sale of 4,385,965 American Depository Shares (each ADS representing 3 ordinary shares) executed in connection with a fund distribution to partners. The filing cites an aggregate market value of $86,491,230 and lists the approximate sale date as 09/30/2025 on the NYSE. The securities were acquired on 12/19/2024 via a pro rata distribution from Parallel Galaxy Investment Limited, with no cash payment recorded. The filer certifies they are unaware of any undisclosed material adverse information about the issuer.

Positive

• Full Rule 144 disclosure provided including broker details, acquisition date, and aggregate market value
• Large position quantified (4,385,965 ADSs; $86,491,230), increasing transparency about potential supply

Negative

• Large proposed sale size could create upward supply pressure on the ADS if executed on the open market
• Filer identity and any trading plan adoption date are not disclosed in the document, limiting context about timing

Insights

Securities Analyst

TL;DR: A sizable block of ADSs (>$86M) is planned for sale; monitor potential market supply impact and timing.

The filing discloses a proposed sale of 4,385,965 ADSs with an aggregate market value of $86,491,230, originating from a pro rata distribution on 12/19/2024 by Parallel Galaxy Investment Limited. The sale is scheduled on the NYSE for 09/30/2025. From a trading perspective, the timing and size are material because large single-owner dispositions can affect liquidity and short-term price dynamics. The Form 144 provides the required broker and acquisition details but does not disclose the identity of the individual seller beyond the donor entity or any intended tranche schedule beyond the approximate date.

Corporate Governance Expert

TL;DR: Proper regulatory notice filed for a fund-distributed holding; disclosures meet Rule 144 requirements but lack seller identity detail.

The filing shows compliance with Rule 144 disclosure rules by reporting the class, broker, acquisition date, nature of acquisition, and aggregate value. It confirms the securities came via a pro rata distribution and that no prior sales in the past three months were reported. The document includes the standard signer representation regarding material non-disclosure. The filing does not provide additional governance context such as the recipient partner identities or any trading plan adoption date.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
American Depository Shares -- each representing 3 ordinary shares (executed in connection with a fund distribution to partners)	Merrill Lynch, Pierce, Fenner & Smith Incorporated 555 California Street, Suite 1800, San Francisco CA 94104	4385965	86491230.00	0	09/30/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
American Depository Shares -- each representing 3 ordinary shares	12/19/2024	Pro rata distribution.	Parallel Galaxy Investment Limited			4385965	12/19/2024	Nil

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What securities does KE Holdings (BEKE) propose to sell in this Form 144?

The filing proposes the sale of 4,385,965 American Depository Shares, each representing 3 ordinary shares.

What is the aggregate market value of the proposed sale?

The aggregate market value reported is $86,491,230.

When were the securities acquired and how?

They were acquired on 12/19/2024 by a pro rata distribution from Parallel Galaxy Investment Limited.

What is the approximate planned sale date and exchange?

The approximate date of sale is 09/30/2025 and the sale is listed on the NYSE.

Did the filer report any securities sold in the past three months?

The filing states "Nothing to Report" for securities sold during the past three months.