1.05M DSC (DSC) shares redesignated to Class A in SVP Form 4
Rhea-AI Filing Summary
DSC Holdings Ltd. Senior Vice President Zhang Gongwei reported an internal share reclassification involving 1,051,669 shares held indirectly through Sky Harmony Ventures Limited. Immediately before the company’s initial public offering, 1,051,669 ordinary shares were redesignated into 1,051,669 Class A ordinary shares on a one-for-one basis at no stated price, leaving the same number of shares held after the transaction but in the new Class A class.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Zhang Gongwei
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Ordinary shares | 1,051,669 | $0.00 | $0.00 |
| Other | Class A ordinary shares | 1,051,669 | $0.00 | $0.00 |
Holdings After Transaction:
Ordinary shares — 0 shares (Indirect, Held by Sky Harmony Ventures Limited);
Class A ordinary shares — 1,051,669 shares (Indirect, Held by Sky Harmony Ventures Limited)
Footnotes (1)
- F1. Immediately prior to the completion of the Issuer's initial public offering, each ordinary shares was redesignated as Class A ordinary shares on a one-for-one basis.
Key Figures
Shares redesignated: 1,051,669 shares
Price per share: $0.0000 per share
Class A shares after: 1,051,669 shares
+1 more
4 metrics
Shares redesignated
1,051,669 shares
Ordinary shares redesignated into Class A ordinary shares one-for-one
Price per share
$0.0000 per share
Reported transaction price for the redesignation
Class A shares after
1,051,669 shares
Indirect Class A ordinary share holdings following the transaction
Ordinary shares after
0 shares
Indirect ordinary share holdings following redesignation into Class A
Key Terms
Class A ordinary shares, ordinary shares, initial public offering, transaction code J, +1 more
5 terms
initial public offering financial
"Immediately prior to the completion of the Issuer's initial public offering, each ordinary shares was redesignated"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
transaction code J financial
"transaction_code": "J" ... "transaction_code_description": "Other acquisition or disposition""
indirect ownership financial
""direct_or_indirect": "I", "nature_of_ownership": "Held by Sky Harmony Ventures Limited""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did DSC (DSC) Senior Vice President Zhang Gongwei report in this Form 4?
The Form 4 reports an internal restructuring where 1,051,669 ordinary shares held indirectly were redesignated into 1,051,669 Class A ordinary shares on a one-for-one basis, with no price paid and the same number of shares held afterward.