What triggered the KE Holdings (BEKE) share conversion disclosed in this filing?

The footnote explains that 31,336,908 Class A ordinary shares represented by repurchased ADSs and two additional Class A shares were canceled. As a result, Peng, as a beneficiary of weighted voting rights, converted 858,107 Class B shares into Class A shares on a 1:1 basis.

KE Holdings (NYSE: BEKE) CEO shifts 858,107 shares between classes

Q: How many KE Holdings (BEKE) shares does Peng Yongdong hold after the restructuring?

Following the transactions, Peng Yongdong indirectly holds 94,812,816 Class B ordinary shares and 78,127,709 Class A ordinary shares . These holdings are reported as being held through a controlled corporation, reflecting his indirect ownership position after the share class conversion.

Q: How many KE Holdings (BEKE) shares were involved in the restructuring transactions?

The restructuring covered 858,107 Class B ordinary shares and 858,107 Class A ordinary shares , totaling 1,716,214 shares across both legs. The transaction summary classifies them as restructuring, not as net buying or selling activity.

Q: Are Peng Yongdong’s KE Holdings (BEKE) shares held directly or indirectly?

The reported holdings in this Form 4 are indirect , indicated as “By controlled corporation.” This means the shares are held through an entity Peng controls, rather than in his personal name, consistent with the “I” ownership code in the filing.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

KE Holdings Inc. director and Chief Executive Officer Peng Yongdong reported an internal share restructuring on June 8, 2026. A total of 858,107 Class B ordinary shares held indirectly through a controlled corporation were converted into 858,107 Class A ordinary shares on a 1:1 basis under the Hong Kong Listing Rules.

After these non-cash, restructuring-type transactions, Peng’s indirect holdings stood at 94,812,816 Class B ordinary shares and 78,127,709 Class A ordinary shares. The filing characterizes both legs as “other acquisition or disposition” rather than open-market buying or selling.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Peng Yongdong

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Other	Class A ordinary shares	858,107	$0.00	--
Other	Class B ordinary shares	858,107	$0.00	--

Holdings After Transaction: Class A ordinary shares — 78,127,709 shares (Indirect, By controlled corporation); Class B ordinary shares — 94,812,816 shares (Indirect, By controlled corporation)

Footnotes (1)

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Key Figures

Shares converted: 858,107 shares Class B holdings after: 94,812,816 shares Class A holdings after: 78,127,709 shares +2 more

5 metrics

Shares converted 858,107 shares Class B to Class A conversion on June 8, 2026

Class B holdings after 94,812,816 shares Indirect holdings following restructuring

Class A holdings after 78,127,709 shares Indirect holdings following restructuring

Restructured shares total 1,716,214 shares Sum of both restructuring legs in transaction summary

Canceled Class A shares 31,336,908 shares Class A shares represented by repurchased ADSs canceled June 8, 2026

Key Terms

weighted voting rights, Class B ordinary shares, ADSs, Hong Kong Listing Rules, +1 more

5 terms

weighted voting rights financial

"Mr. Peng, as a beneficiary of weighted voting rights (as defined under the Hong Kong Listing Rules)..."

A system where some shares carry more voting power than others so certain owners can control corporate decisions with fewer shares. Think of it like tickets to a meeting where some tickets count for five votes and others for one: it lets founders or insiders steer strategy and board picks even if they don't own most of the stock. For investors this affects corporate governance, the protection of minority shareholders, and how much influence public holders have over major decisions.

Class B ordinary shares financial

"converted 858,107 Class B ordinary shares into Class A ordinary shares on 1:1 ratio..."

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

ADSs financial

"31,336,908 Class A ordinary shares represented by repurchased ADSs and two Class A ordinary shares..."

Hong Kong Listing Rules regulatory

"weighted voting rights (as defined under the Hong Kong Listing Rules), converted 858,107 Class B..."

A set of official requirements and procedures companies must follow to list and trade shares on the Hong Kong stock exchange. Think of it as a rulebook and checklist that determines who can join the market, what financial and governance information they must disclose, and what ongoing duties they have; these rules matter to investors because they shape how much transparency, oversight and legal protection shareholders can expect, which affects risk and valuation.

Form 4 regulatory

"INSIDER FILING DATA (Form 4): { "issuerName": "KE Holdings Inc."..."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

06/10/2026 - 06:17 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^*

Peng Yongdong

(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)
	Chief Executive Officer

2a. Foreign Trading Symbol
[SEHK: 2423]

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

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	06/08/2026		J		858,107⁽¹⁾	A	$0	78,127,709	I	By controlled corporation
Class B ordinary shares	06/08/2026		J		858,107⁽¹⁾	D	$0	94,812,816	I	By controlled corporation

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 June 8, 2026, 31,336,908 Class A ordinary shares represented by repurchased ADSs and two Class A ordinary shares surrendered by a shareholder were canceled. As a result, Mr. Peng, as a beneficiary of weighted voting rights (as defined under the Hong Kong Listing Rules), converted 858,107 Class B ordinary shares into Class A ordinary shares on 1:1 ratio under the Hong Kong Listing Rules.

	/s/ PENG Yongdong	06/10/2026
	** 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 did KE Holdings (BEKE) CEO Peng Yongdong report in this Form 4?

Peng Yongdong reported an internal share restructuring, converting 858,107 Class B ordinary shares into 858,107 Class A ordinary shares on a 1:1 basis. The transactions were coded as “other acquisition or disposition,” not as open-market buys or sells.

How many KE Holdings (BEKE) shares does Peng Yongdong hold after the restructuring?

Following the transactions, Peng Yongdong indirectly holds 94,812,816 Class B ordinary shares and 78,127,709 Class A ordinary shares. These holdings are reported as being held through a controlled corporation, reflecting his indirect ownership position after the share class conversion.

Were KE Holdings (BEKE) shares bought or sold on the market in this Form 4?

No open-market buying or selling is reported. Both transactions are coded “J” for “other acquisition or disposition” and reflect a conversion of 858,107 Class B ordinary shares into Class A ordinary shares, rather than purchases or sales for cash.

How many KE Holdings (BEKE) shares were involved in the restructuring transactions?

The restructuring covered 858,107 Class B ordinary shares and 858,107 Class A ordinary shares, totaling 1,716,214 shares across both legs. The transaction summary classifies them as restructuring, not as net buying or selling activity.

Are Peng Yongdong’s KE Holdings (BEKE) shares held directly or indirectly?

The reported holdings in this Form 4 are indirect, indicated as “By controlled corporation.” This means the shares are held through an entity Peng controls, rather than in his personal name, consistent with the “I” ownership code in the filing.