Share transfer reshapes KE Holdings (NYSE: BEKE) indirect entities

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

KE Holdings Inc. executive director Xu Wangang reported an internal restructuring of his indirect holdings. On April 27, 2026, 7,177,119 Class A ordinary shares indirectly held through GainWell Investment Corp. were transferred to Myriad Talent Investment Limited, an entity wholly owned by him. After the transaction, Xu indirectly holds 11,252,307 Class A ordinary shares via Myriad Talent Investment Limited and 1 share via GainWell Investment Corp.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Xu Wangang

Role Executive Director

Type	Security	Shares	Price	Value
Other	Class A ordinary shares	7,177,119	$0.00	--
Other	Class A ordinary shares	7,177,119	$0.00	--

Holdings After Transaction: Class A ordinary shares — 1 shares (Indirect, GainWell Investment Corp.)

Footnotes (1)

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Key Figures

Restructuring shares moved: 7,177,119 shares Total restructuring volume: 14,354,238 shares Indirect holding via Myriad Talent: 11,252,307 shares +3 more

6 metrics

Restructuring shares moved 7,177,119 shares Class A ordinary shares transferred on April 27, 2026

Total restructuring volume 14,354,238 shares restructuringShares in transaction summary

Indirect holding via Myriad Talent 11,252,307 shares Class A ordinary shares following transaction

Indirect holding via GainWell 1 share Class A ordinary share following transaction

Other/restructuring transactions 2 transactions transactionSummary otherCount and restructuringCount

Transaction date April 27, 2026 transaction_date for both entries

Key Terms

Class A ordinary shares, indirect ownership, transaction code J, other acquisition or disposition, +1 more

5 terms

Class A ordinary shares financial

"On April 27, 2026, 7,177,119 Class A ordinary shares indirectly held by Mr. XU..."

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

indirect ownership financial

"Class A ordinary shares indirectly held by Mr. XU through GainWell Investment Corp."

transaction code J regulatory

"transaction code J is described as other acquisition or disposition."

other acquisition or disposition regulatory

"transaction_code_description": "Other acquisition or disposition""

restructuring financial

"transactionSummary lists restructuringCount and restructuringShares for these entries."

Restructuring is a deliberate rearrangement of a company’s operations, finances, or ownership—like reorganizing a cluttered house to run more efficiently—often involving cost cuts, asset sales, debt changes, or staff moves. Investors pay attention because restructuring can improve profitability and free up cash, but it can also signal distress, incur one-time costs, or dilute shareholder value; its success affects future earnings and stock performance.

Form 4 Insider Transactions: What Each Field Means →

04/29/2026 - 06:49 AM

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^*

Xu Wangang

(Last)

(First)

(Middle)

ORIENTAL ELECTRONIC TECHNOLOGY BUILDING

NO. 2 CHUANGYE ROAD, HAIDIAN DISTRICT

(Street)

BEIJING

CHINA

100086

(City)

(State)

(Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
KE Holdings Inc. [ BEKE ]

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

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

2a. Foreign Trading Symbol
[SEHK: 2423]

3. Date of Earliest Transaction (Month/Day/Year)
04/27/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A ordinary shares	04/27/2026		J		7,177,119⁽¹⁾	D	$0	1	I	GainWell Investment Corp.
Class A ordinary shares	04/27/2026		J		7,177,119⁽¹⁾	A	$0	11,252,307	I	Myriad Talent Investment Limited

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. On April 27, 2026, 7,177,119 Class A ordinary shares indirectly held by Mr. XU through GainWell Investment Corp. have been transferred to Myriad Talent Investment Limited, an entity wholly owned by Mr. XU.

	/s/XU Wangang	04/29/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did KE Holdings (BEKE) disclose for Xu Wangang?

KE Holdings disclosed an internal restructuring of shares indirectly owned by executive director Xu Wangang. On April 27, 2026, 7,177,119 Class A ordinary shares moved from GainWell Investment Corp. to Myriad Talent Investment Limited, both entities associated with his indirect ownership.

How many KE Holdings (BEKE) shares were transferred between entities?

A total of 7,177,119 Class A ordinary shares were transferred. These shares moved from GainWell Investment Corp. to Myriad Talent Investment Limited in a transaction reported with code J, indicating other acquisition or disposition, and categorized as restructuring activity.

Did the KE Holdings (BEKE) Form 4 show a buy or sell by Xu Wangang?

The Form 4 did not report a traditional buy or sell by Xu Wangang. Instead, it recorded two code J transactions classified as other acquisition or disposition, reflecting a restructuring transfer of indirectly held shares between entities associated with him.

What is Xu Wangang’s indirect KE Holdings (BEKE) stake after this transaction?

Following the restructuring, Xu Wangang indirectly holds 11,252,307 Class A ordinary shares through Myriad Talent Investment Limited. He also indirectly holds 1 Class A ordinary share through GainWell Investment Corp., as reported in the post-transaction ownership figures.

Which entities held KE Holdings (BEKE) shares in this Form 4 filing?

The filing identified two entities holding KE Holdings shares: GainWell Investment Corp. and Myriad Talent Investment Limited. Shares were transferred from GainWell Investment Corp. to Myriad Talent Investment Limited, which is described as an entity wholly owned by Xu Wangang.

What does transaction code J mean in the KE Holdings (BEKE) Form 4?

Transaction code J in this Form 4 is described as an other acquisition or disposition. In this case, the filing’s summary classifies the activity as restructuring, reflecting an internal transfer of indirectly owned shares between entities tied to executive director Xu Wangang.