Director at DDC Enterprise (DDC) exercises 66,666 warrants for shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DDC Enterprise Ltd director Shih Samuel Chun Kong exercised warrants to acquire Class A Ordinary Shares through cashless exercises. On March 20, 2026, he exercised 33,333 warrants at $0.16 per share and received 31,838 shares. On April 28, 2026, he exercised another 33,333 warrants at $0.16 per share and received 31,111 shares.
After these exercises, he directly held 62,949 Class A Ordinary Shares. He also held derivative awards: 121,951 Restricted Stock Units and stock options over 20,000 and 45,454 underlying shares at a $5.50 exercise price.
Positive
- None.
Negative
- None.
Insider Trade Summary
66,666 shares exercised/converted
Mixed
7 txns
Insider
Shih Samuel Chun Kong
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| X | Warrants | 33,333 | $0.16 | $5K |
| X | Class A Ordinary Shares | 31,111 | $0.16 | $5K |
| X | Warrants | 33,333 | $0.16 | $5K |
| X | Class A Ordinary Shares | 31,838 | $0.16 | $5K |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Warrants — 0 shares (Direct, null);
Class A Ordinary Shares — 62,949 shares (Direct, null);
Stock Options — 45,454 shares (Direct, null);
Restricted Stock Units — 121,951 shares (Direct, null)
Footnotes (1)
- 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. 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: 66,666 warrants
Warrant exercise price: $0.16 per share
Net shares from March 20 exercise: 31,838 shares
+5 more
8 metrics
Warrants exercised
66,666 warrants
33,333 on March 20, 2026; 33,333 on April 28, 2026
Warrant exercise price
$0.16 per share
Exercise price for both warrant blocks
Net shares from March 20 exercise
31,838 shares
Class A Ordinary Shares issued via cashless exercise
Net shares from April 28 exercise
31,111 shares
Class A Ordinary Shares issued via cashless exercise
Shares held after transactions
62,949 shares
Directly held Class A Ordinary Shares after April 28, 2026
Restricted Stock Units underlying
121,951 shares
Underlying Class A Ordinary Shares from RSUs
Stock options blocks
20,000 and 45,454 shares
Underlying shares for options at $5.50 exercise price
Stock option exercise price
$5.50 per share
Exercise price for remaining stock options
Key Terms
cashless exercise, Restricted Stock Units, Stock Options, in-the-money derivative exercise, +1 more
5 terms
cashless exercise financial
"The reporting person 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" with 121,951 underlying Class A Ordinary 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 20,000 and 45,454 underlying Class A Ordinary Shares"
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.
in-the-money derivative exercise financial
"transaction_action": "in-the-money derivative exercise""
warrants financial
"the reporting person 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.
