CooTek (CTKYY) CTO Kan Zhang buys 540M Class A shares at tiny price
Rhea-AI Filing Summary
CooTek(Cayman)Inc. director and executive officer Kan Zhang reported a very large open‑market purchase of 540,786,459 Class A ordinary shares of the company. The filing labels this as a direct holding. A footnote explains the actual purchase price was $0.000037 per share, with the reported price rounded to the system’s minimum increment.
In addition to this purchase, the filing lists existing holdings. Indirectly, an entity associated with Zhang holds 246,224,465 Class B ordinary shares, and options giving the right to buy 10,000,000 Class A ordinary shares at an exercise price of $0.0002 per share until January 5, 2030. The positions through Kan’s Global CoolStuff Investment Inc. are reported as indirect ownership.
Positive
- None.
Negative
- None.
Insights
Large insider share purchase at a minimal price, alongside sizable existing positions.
The filing shows CTO and Acting CFO Kan Zhang entering into an open‑market purchase of 540,786,459 Class A ordinary shares. A footnote states the actual price was approximately $0.000037 per share, so the dollar value of the transaction is small despite the high share count.
Beyond this transaction, Zhang reports significant existing holdings. These include direct and indirect stakes in both Class A and Class B ordinary shares and options over 10,000,000 Class A shares at an exercise price of $0.0002 per share that expire on January 5, 2030. The filing suggests a substantial overall equity exposure, though its proportion of total shares outstanding is not indicated.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A ordinary shares | 540,786,459 | $0.00 | -- |
| holding | Options (right to buy) | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class B ordinary shares | -- | -- | -- |
Footnotes (1)
- Actual price is $0.000037 per share, reported at minimum increment permitted by system. Kan's Global CoolStuff Investment Inc. is wholly owned by Kan's Universe Investment Limited, a British Virgin Islands company, which is ultimately owned Kan Zhang.