KE Holdings director shifts 317K shares to Class A

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.

Rhea-AI Filing Summary

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.

Insider Trade Summary

Other: 633,928 shares

Other 2 txns

Insider Shan Yigang

Role Executive Director

Type	Security	Shares	Price	Value
Other	Class A ordinary shares F1	316,964	$0.00	$0.00
Other	Class B ordinary shares F1	316,964	$0.00	$0.00

Holdings After Transaction: Class A ordinary shares — 57,194,859 shares (Indirect, By Clover Rich Limited); Class B ordinary shares — 40,820,871 shares (Indirect, By Clover Rich Limited)

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. Shan, as a beneficiary of weighted voting rights (as defined under the Hong Kong Listing Rules), converted 316,964 Class B ordinary shares into Class A ordinary shares on 1:1 ratio under the Hong Kong Listing Rules.

Key Figures

Class B to Class A conversion: 316,964 shares Class A shares canceled: 26,677,794 shares Additional Class A shares canceled: 2 shares +3 more

6 metrics

Class B to Class A conversion 316,964 shares Class B ordinary shares converted into Class A ordinary shares on a 1:1 ratio

Class A shares canceled 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

Class A holdings after transaction 57,194,859 shares Class A ordinary shares indirectly held by Shan Yigang after transactions

Class B holdings after transaction 40,820,871 shares Class B ordinary shares indirectly held by Shan Yigang after transactions

Total restructuring shares 633,928 shares Total shares involved in restructuring-coded transactions (J) in this report

Key Terms

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

5 terms

weighted voting rights regulatory

"Mr. Shan, 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.

ADSs financial

"26,677,794 Class A ordinary shares represented by repurchased ADSs and two Class A ordinary shares"

Hong Kong Listing Rules regulatory

"converted 316,964 Class B ordinary shares into Class A ordinary shares 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.

Class A ordinary shares financial

"Class A ordinary shares represented by repurchased ADSs and two Class A ordinary shares surrendered"

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.

Class B ordinary shares financial

"converted 316,964 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.

FAQ

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What did BEKE Executive Director Shan Yigang report in this Form 4?

Executive Director Shan Yigang reported an internal share-class reclassification, converting 316,964 Class B ordinary shares into 316,964 Class A ordinary shares, with all shares held indirectly through Clover Rich Limited and no change in his overall total share count.

How many KE Holdings (BEKE) shares does Shan Yigang hold after the reported transactions?

After the reported transactions, Shan Yigang indirectly holds 57,194,859 Class A ordinary shares and 40,820,871 Class B ordinary shares of KE Holdings Inc., all through Clover Rich Limited, reflecting a change in share-class mix but unchanged aggregate number of ordinary shares.

What was the size of the share conversion by Shan Yigang in KE Holdings (BEKE)?

Shan Yigang converted 316,964 Class B ordinary shares into 316,964 Class A ordinary shares at a 1:1 ratio. The transactions were coded as "J" (other acquisition or disposition) and reported with a US$0.00 per-share transaction price, indicating a non-market reclassification.

What corporate share cancellation did KE Holdings (BEKE) disclose in connection with this Form 4?

KE Holdings disclosed that 26,677,794 Class A ordinary shares represented by repurchased ADSs and two additional Class A ordinary shares surrendered by a shareholder were canceled on August 14, 2026, which led to the conversion of 316,964 Class B shares into Class A shares for Mr. Shan.

Does the Form 4 suggest buying or selling of KE Holdings (BEKE) shares by Shan Yigang?

The Form 4 reports no open-market purchases or sales. Instead, it records a conversion of 316,964 Class B shares into an equal number of Class A shares and a corresponding reduction in Class B holdings, leaving Mr. Shan’s overall total ordinary share count unchanged.

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

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Accepted by SEC EDGAR 08/18/2026 - 06:11 AM EDT Learn about SEC filing dates

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
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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^*

Shan Yigang

(Last) (First) (Middle)

ORIENTAL ELECTRONIC TECHNOLOGY BUILDING

NO. 2 CHUANGYE ROAD, HAIDIAN DISTRICT

(Street)

BEIJING 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)
08/14/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A ordinary shares	08/14/2026		J		316,964(1)	A	$0	57,194,859	I	By Clover Rich Limited
Class B ordinary shares	08/14/2026		J		316,964(1)	D	$0	40,820,871	I	By Clover Rich 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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. Shan, as a beneficiary of weighted voting rights (as defined under the Hong Kong Listing Rules), converted 316,964 Class B ordinary shares into Class A ordinary shares on 1:1 ratio under the Hong Kong Listing Rules.

	/s/SHAN Yigang	08/18/2026
	** 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.
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* Form 4: SEC 1474 (03-26)