DDC director exercises 66,666 warrants
DDC Enterprise Ltd director Lai Kwok Ho increased his equity stake through warrant exercises.
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Form Type
4
Rhea-AI Filing Summary
DDC Enterprise Ltd director Lai Kwok Ho increased his equity stake through warrant exercises. On March 20, 2026 he exercised 33,333 warrants at $0.16 per share via a cashless exercise, receiving 31,838 Class A Ordinary Shares. On April 28, 2026 he exercised another 33,333 warrants at $0.16, receiving 31,111 shares through a second cashless exercise, bringing his direct Class A Ordinary Share holdings to 62,949. He also holds Restricted Stock Units covering 121,951 and 20,000 underlying shares, and stock options over 45,454 shares at a $5.50 exercise price.
Insider Trade Summary
66,666 shares exercised/converted
Exercise
7 txns
Insider
Lai Kwok Ho
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Warrants | 33,333 | $0.16 | $5K |
| In-the-Money Exercise | Class A Ordinary Shares | 31,111 | $0.16 | $5K |
| In-the-Money Exercise | Warrants | 33,333 | $0.16 | $5K |
| In-the-Money Exercise | Class A Ordinary Shares | 31,838 | $0.16 | $5K |
| holding | Stock Options | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Warrants — 0 contracts (Direct);
Class A Ordinary Shares — 62,949 shares (Direct);
Stock Options — 45,454 contracts (Direct);
Restricted Stock Units — 141,951 contracts (Direct)
Footnotes (2)
- F1. On March 20, 2026, the reporting person exercised an aggregate of 33,333 warrants pursuant to the exercise notice at the exercise price of $0.16 per share. The reporting person elected to satisfy the aggregate exercise price through a cashless exercise, pursuant to which a net of 31,838 Class A Ordinary Shares was issued to the reporting person.
- F2. On April 28, 2026, the reporting person exercised an aggregate of 33,333 warrants pursuant to the exercise notice at the exercise price of $0.16 per share. The reporting person elected to satisfy the aggregate exercise price through a cashless exercise, pursuant to which a net of 31,111 Class A Ordinary Shares was issued to the reporting person.
Key Figures
Warrants exercised (March 20, 2026): 33,333 warrants
Net shares received (March 20, 2026): 31,838 shares
Warrants exercised (April 28, 2026): 33,333 warrants
+5 more
8 metrics
Warrants exercised (March 20, 2026)
33,333 warrants
Exercised at $0.16 per share via cashless exercise
Net shares received (March 20, 2026)
31,838 shares
Class A Ordinary Shares issued from cashless warrant exercise
Warrants exercised (April 28, 2026)
33,333 warrants
Exercised at $0.16 per share via cashless exercise
Net shares received (April 28, 2026)
31,111 shares
Class A Ordinary Shares issued from cashless warrant exercise
Shares held after April 28, 2026
62,949 shares
Direct Class A Ordinary Share ownership following exercises
RSUs outstanding (2035-12-12 expiry)
121,951 underlying shares
Restricted Stock Units over Class A Ordinary Shares
RSUs outstanding (2035-02-21 expiry)
20,000 underlying shares
Restricted Stock Units over Class A Ordinary Shares
Stock options outstanding
45,454 underlying shares at $5.50
Stock options over Class A Ordinary Shares
Key Terms
cashless exercise, Restricted Stock Units, Stock Options, Class A Ordinary Shares, +1 more
5 terms
cashless exercise financial
"elected to satisfy the aggregate exercise price through a cashless exercise"
A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.
Restricted Stock Units financial
"Restricted Stock Units linked to 121,951 and 20,000 underlying shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock Options financial
"Stock Options over 45,454 Class A Ordinary Shares at a $5.50 exercise price"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
warrants financial
"exercised an aggregate of 33,333 warrants pursuant to the exercise notice"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did DDC (DDC) director Lai Kwok Ho report?
Lai Kwok Ho reported exercising 33,333 DDC warrants on March 20, 2026 and another 33,333 warrants on April 28, 2026. Both were cashless exercises at $0.16 per share, resulting in newly issued Class A Ordinary Shares rather than open-market purchases or sales.
What price was used for Lai Kwok Ho’s DDC warrant exercises?
Both warrant exercises used an exercise price of $0.16 per share. Although the warrants had this stated exercise price, Lai Kwok Ho elected cashless settlement, meaning he received fewer net shares instead of paying cash to cover the aggregate exercise cost.
What DDC equity awards does Lai Kwok Ho still have outstanding?
He holds Restricted Stock Units linked to 121,951 and 20,000 DDC Class A Ordinary Shares, plus stock options over 45,454 shares at a $5.50 exercise price. These unexercised awards represent potential future share deliveries if vesting and exercise conditions are satisfied.
Were Lai Kwok Ho’s recent DDC transactions market purchases or sales?
The reported transactions were exercises of derivative securities, not open-market trades. Lai Kwok Ho used cashless exercises of warrants at $0.16 per share, receiving net Class A Ordinary Shares and not reporting any open-market buying or selling activity in this Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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