STOCK TITAN

KE Holdings (NYSE: BEKE) CEO restructures 730K Class B into Class A

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

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.

Positive

  • None.

Negative

  • None.
Insider Peng Yongdong
Role Chief Executive Officer
Type Security Shares Price Value
Other Class A ordinary shares F1 730,525 $0.00 $0.00
Other Class B ordinary shares F1 730,525 $0.00 $0.00
Holdings After Transaction: Class A ordinary shares — 78,858,234 shares (Indirect, By controlled corporation); Class B ordinary shares — 94,082,291 shares (Indirect, By controlled corporation)
Footnotes (1)
  1. F1. On August 14, 2026, 26,677,794 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 730,525 Class B ordinary shares into Class A ordinary shares on 1:1 ratio under the Hong Kong Listing Rules.
Conversion shares 730,525 shares Class B ordinary shares converted into Class A ordinary shares on August 14, 2026
Class A holdings after transaction 78,858,234 shares Indirect Class A ordinary shares held after the reported restructuring
Class B holdings after transaction 94,082,291 shares Indirect Class B ordinary shares held after the reported restructuring
Canceled Class A shares (ADS-related) 26,677,794 shares Class A ordinary shares represented by repurchased ADSs canceled on August 14, 2026
Additional Class A shares canceled 2 shares Class A ordinary shares surrendered by a shareholder and canceled
Conversion ratio 1:1 Class B ordinary shares converted into Class A ordinary shares under the Hong Kong Listing Rules
weighted voting rights regulatory
"Mr. Peng, as a beneficiary of weighted voting rights (as defined under the Hong Kong"
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.
ADSs financial
"26,677,794 Class A ordinary shares represented by repurchased ADSs and two Class"
Hong Kong Listing Rules regulatory
"on 1:1 ratio under the Hong Kong Listing Rules."
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.
controlled corporation financial
"nature_of_ownership": "By controlled corporation""

FAQ

What insider share changes did BEKE CEO Peng Yongdong report on August 14, 2026?

Peng reported an internal reclassification, converting 730,525 Class B shares into 730,525 Class A shares. The move followed cancellation of repurchased ADS-related shares and did not change his net total indirect share holdings materially.

How many BEKE Class A shares did Peng Yongdong hold after the August 14, 2026 transactions?

After the reported transactions, entities controlled by Peng held 78,858,234 Class A ordinary shares indirectly. These holdings reflect the conversion of 730,525 Class B shares into Class A shares under the Hong Kong Listing Rules.

How many BEKE Class B shares did Peng Yongdong hold after the August 14, 2026 transactions?

Post-transaction, entities controlled by Peng held 94,082,291 Class B ordinary shares indirectly. This figure is after converting 730,525 Class B shares into an equal number of Class A shares on a 1:1 basis.

What triggered the BEKE share conversion reported by Peng Yongdong on Form 4?

The conversion followed cancellation of 26,677,794 Class A shares represented by repurchased ADSs and two surrendered Class A shares. As a beneficiary of weighted voting rights, Peng converted 730,525 Class B shares into Class A shares under Hong Kong Listing Rules.

Was the BEKE Form 4 transaction a market buy or sell by Peng Yongdong?

No, it was reported as an internal restructuring using code J, with one acquisition and one disposition. The filing describes a 1:1 conversion between Class B and Class A shares, not an open-market purchase or sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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)
BEIJING100086

(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
[SEHK: 2423]
3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A ordinary shares08/14/2026J730,525(1)A$078,858,234IBy controlled corporation
Class B ordinary shares08/14/2026J730,525(1)D$094,082,291IBy 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. On August 14, 2026, 26,677,794 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 730,525 Class B ordinary shares into Class A ordinary shares on 1:1 ratio under the Hong Kong Listing Rules.
/s/ PENG Yongdong08/18/2026
** Signature of Reporting PersonDate
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)