CooTek (CTKYY) CTO Zhang Kan details major Class A and B stakes
Rhea-AI Filing Summary
CooTek(Cayman)Inc. director and CTO and Acting CFO Zhang Kan filed an initial Form 3 showing his beneficial ownership in the company. This filing does not report any new buy or sell transactions; it establishes his existing equity position.
He holds 94,285,750 Class A ordinary shares directly and 246,224,465 Class B ordinary shares indirectly through Kan's Global CoolStuff Investment Inc., which is ultimately owned by a Guernsey trust benefitting Mr. Zhang and his family. He also has options, held indirectly, to acquire 10,000,000 Class A ordinary shares at an exercise price of $0.0002 per share, exercisable until January 5, 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
ZHANG KAN
Role
CTO and Acting CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options (right to buy) | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class B ordinary shares | -- | -- | -- |
Holdings After Transaction:
Options (right to buy) — 10,000,000 shares (Indirect, By Kan's Global CoolStuff Investment Inc.);
Class A ordinary shares — 94,285,750 shares (Direct);
Class B ordinary shares — 246,224,465 shares (Indirect, By Kan's Global CoolStuff Investment Inc.)
Footnotes (1)
- F1. Kan's Global CoolStuff Investment Inc. is wholly owned by Kan's Universe Investment Limited, a British Virgin Islands company, which is ultimately owned by Karl's Global CoolStuff Investment Trust, a trust established under the laws of Guernsey and managed by Cantrust (Far East) Limited as the trustee. Karl Kan Zhang is the settlor of this trust, and Mr. Zhang and his family members are the trust's beneficiaries.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How many options does Zhang Kan report in the CooTek (CTKYY) Form 3?
The filing reports that an entity associated with Zhang Kan holds options over 10,000,000 Class A ordinary shares. These options carry an exercise price of $0.0002 per share and are exercisable until January 5, 2030, indicating a long-dated incentive position.
What is the structure of Zhang Kan's indirect ownership in CooTek (CTKYY)?
Indirect holdings are held through Kan's Global CoolStuff Investment Inc., wholly owned by Kan's Universe Investment Limited and ultimately owned by Karl's Global CoolStuff Investment Trust. This Guernsey trust is managed by a trustee and benefits Mr. Zhang and his family.
Does the CooTek (CTKYY) Form 3 show any insider buying or selling by Zhang Kan?
The Form 3 records holdings only and does not show any insider buying or selling transactions. It serves as an initial statement of beneficial ownership for Zhang Kan in his roles as director and CTO and Acting CFO of CooTek.