STOCK TITAN

KE Holdings director gets 10,704 RSUs, 8,750 vest

BEKE director Chen Xiaohong reported RSU vesting, a new RSU grant, and one ADS withheld or delivered for tax or exercise obligations.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

KE Holdings Inc. (BEKE) director Chen Xiaohong reported equity compensation activity involving American Depositary Shares (ADSs) and Restricted Share Units (RSUs). On September 2, 2026, RSUs corresponding to 8,750 ADSs vested and were converted into ADSs, and a new award of 10,704 RSU-linked ADSs was granted, scheduled to vest on September 2, 2027. On September 3, 2026, 1 ADS was withheld or delivered at $17.73 per ADS for payment of exercise price or tax liability. Each ADS represents three Class A ordinary shares of KE Holdings Inc.

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Insider Chen Xiaohong
Role Director
Type Security Shares Price Value
Exercise Price or Tax Liability American Depositary Shares F1 1 $17.73 $17.73
Exercise Restricted Share Units F2, F3 8,750 $0.00 $0.00
Grant/Award Restricted Share Units F4, F5 10,704 $0.00 $0.00
Exercise American Depositary Shares F1, F2 8,750 $0.00 $0.00
Holdings After Transaction: Restricted Share Units — 10,704 contracts (Direct); American Depositary Shares — 55,345 shares (Direct)
Footnotes (5)
  1. F1. Each American Depositary Share (ADS) represents three Class A ordinary shares of the issuer.
  2. F2. Acquired upon vesting of Restricted Share Units.
  3. F3. Restricted Share Units corresponding to 8,750 ADSs (representing 26,250 Class A ordinary shares) vested on September 2, 2026.
  4. F4. These Restricted Share Units evidence the contingent right to receive 10,704 ADSs upon vesting.
  5. F5. Restricted Share Units corresponding to 10,704 ADSs (representing 32,112 Class A ordinary shares) that were granted on September 2, 2026 and will vest on September 2, 2027.
ADSs vested from RSUs 8,750 ADSs RSUs corresponding to 8,750 ADSs vested on September 2, 2026
New RSU-linked ADSs granted 10,704 ADSs RSUs granted on September 2, 2026, vesting on September 2, 2027
ADS withheld or delivered 1 ADS Disposed on September 3, 2026 for exercise price or tax liability
Price per ADS for tax/exercise disposition $17.73 per ADS Applied to 1 ADS on September 3, 2026
ADS to ordinary share ratio 1 ADS : 3 Class A ordinary shares Each ADS represents three Class A ordinary shares
Ordinary shares from vested RSUs 26,250 Class A ordinary shares Represented by 8,750 ADSs vested on September 2, 2026
Ordinary shares underlying new RSUs 32,112 Class A ordinary shares Represented by 10,704 ADSs granted on September 2, 2026
American Depositary Shares financial
"Each American Depositary Share (ADS) represents three Class A ordinary shares"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
Restricted Share Units financial
"Restricted Share Units corresponding to 8,750 ADSs vested on September 2, 2026"
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
Class A ordinary shares financial
"representing 26,250 Class A ordinary shares"
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.
contingent right to receive financial
"These Restricted Share Units evidence the contingent right to receive 10,704 ADSs"

FAQ

What transactions did BEKE director Chen Xiaohong report on this Form 4?

The director reported RSUs corresponding to 8,750 ADSs vesting and converting into ADSs, a new grant of RSUs corresponding to 10,704 ADSs, and the disposition of 1 ADS to pay exercise price or tax liability.

How many KE Holdings Inc. (BEKE) ADSs vested for Chen Xiaohong?

RSUs corresponding to 8,750 ADSs vested on September 2, 2026, representing 26,250 Class A ordinary shares, and were acquired as ADSs according to the filing’s footnotes.

What new RSUs did Chen Xiaohong receive in BEKE and when do they vest?

Chen Xiaohong received Restricted Share Units evidencing a contingent right to receive 10,704 ADSs, representing 32,112 Class A ordinary shares, granted on September 2, 2026 and scheduled to vest on September 2, 2027.

Were any BEKE ADSs sold on the open market in this Form 4?

No open-market sales are reported. The filing shows one ADS disposed of on September 3, 2026 for payment of exercise price or tax liability, and other entries relate to RSU vesting and a grant.

Was a Rule 10b5-1 trading plan used for Chen Xiaohong’s BEKE transactions?

The filing does not report the transactions as made under a Rule 10b5-1 trading plan; the document-level indicator for such a plan is unchecked.

What is the ADS to ordinary share ratio for KE Holdings Inc. (BEKE)?

Each American Depositary Share (ADS) of KE Holdings Inc. represents three Class A ordinary shares of the issuer, as stated in the Form 4 footnotes.

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

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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*
Chen Xiaohong

(Last)(First)(Middle)
SUITE 2202, BUILDING C, YINTAI CENTER
2 JIANGUOMENWAI AVE., CHAOYANG DISTRICT

(Street)
BEIJING100022

(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
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
[SEHK: 2423]
3. Date of Earliest Transaction (Month/Day/Year)
09/02/2026
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
American Depositary Shares(1)09/02/2026M8,750A$0(2)55,346D
American Depositary Shares(1)09/03/2026F1D$17.7355,345D
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
Restricted Share Units(2)09/02/2026M8,750 (3) (3)American Depositary Shares8,750$00D
Restricted Share Units(4)09/02/2026A10,704 (5) (5)American Depositary Shares10,704$010,704D
Explanation of Responses:
1. Each American Depositary Share (ADS) represents three Class A ordinary shares of the issuer.
2. Acquired upon vesting of Restricted Share Units.
3. Restricted Share Units corresponding to 8,750 ADSs (representing 26,250 Class A ordinary shares) vested on September 2, 2026.
4. These Restricted Share Units evidence the contingent right to receive 10,704 ADSs upon vesting.
5. Restricted Share Units corresponding to 10,704 ADSs (representing 32,112 Class A ordinary shares) that were granted on September 2, 2026 and will vest on September 2, 2027.
/s/CHEN Xiaohong09/04/2026
** 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)