Datasea Intelligent (DTSS) insider granted stock and converted 2M shares to Class B
Rhea-AI Filing Summary
Datasea Intelligent Technology Ltd. director and 10% owner Fu Liu reported several stock awards and a share conversion. Over late 2025 and early 2026, he was granted Common Stock as compensation in lieu of cash, to pay accrued salary, and as consideration for transferring software copyrights.
Effective on April 16, 2026, Datasea merged into Datasea Intelligent Technology Ltd. In that merger, 2,000,000 shares of Datasea Common Stock held by Fu Liu were converted into 2,000,000 Class B ordinary shares, while his remaining Common Stock converted into an equal number of Class A ordinary shares, leaving him with 952,695 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 730,061 shares
Net Buy
6 txns
Insider
Liu Fu
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock/Class A Ordinary Share | 2,000,000 | $1.07 | $2.14M |
| Grant/Award | Class B Ordinary Share | 2,000,000 | $1.07 | $2.14M |
| Grant/Award | Common Stock | 150,000 | $0.83 | $125K |
| Grant/Award | Common Stock | 533,504 | $1.27 | $678K |
| Grant/Award | Common Stock | 30,000 | $1.92 | $58K |
| Grant/Award | Common Stock | 16,557 | $1.92 | $32K |
Holdings After Transaction:
Common Stock — 2,952,695 shares (Direct);
Common Stock/Class A Ordinary Share — 952,695 shares (Direct);
Class B Ordinary Share — 2,000,000 shares (Direct)
Footnotes (4)
- F1. The Reporting Person was issued shares of the common stock, par value $0.001 per share (the "Common Stock") of Datasea Inc. ("Datasea"), the predecessor of the Issuer, as compensation in lieu of cash.
- F2. The Reporting Person was issued shares of the Common Stock of Datasea as payment of accrued and unpaid salary.
- F3. On November 20, 2025, Datasea entered into an intellectual property purchase agreement with Mr. Fu Liu, pursuant to which Mr. Fu Liu transferred to Datasea two intangible assets (software copyrights) owned by himself. Datasea granted Fu Liu 533,504 shares of restricted Common Stock of Datasea as consideration for such purchase.
- F4. Effective on April 16, 2026, Datasea merged with and into the Issuer, with the Issuer as the surviving company. Upon the merger, 2,000,000 shares of the Common Stock held by the Reporting Person were converted into 2,000,000 class B ordinary shares, with no par value, of the Issuer (the "Class B Ordinary Shares"). The remaining Common Stock held by the Reporting Person were converted into an equal number of the class A ordinary shares, with no par value, of the Issuer (the "Class A Ordinary Shares").
Key Figures
Class B ordinary shares: 2,000,000 shares
Class A ordinary shares: 952,695 shares
Restricted stock grant: 533,504 shares at $1.27
+3 more
6 metrics
Class B ordinary shares
2,000,000 shares
Converted from Datasea Common Stock on April 16, 2026
Class A ordinary shares
952,695 shares
Directly held after merger-related conversion
Restricted stock grant
533,504 shares at $1.27
Consideration for software copyrights on November 20, 2025
Stock grant
150,000 shares at $0.83
Common Stock award on January 5, 2026
Stock grant
30,000 shares at $1.92
Common Stock award on October 17, 2025
Additional stock grant
16,557 shares at $1.92
Common Stock award on October 17, 2025
Key Terms
Class B Ordinary Share, Class A Ordinary Shares, restricted Common Stock, intellectual property purchase agreement, +1 more
5 terms
restricted Common Stock financial
"Datasea granted Fu Liu 533,504 shares of restricted Common Stock of Datasea as consideration for such purchase."
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
intellectual property purchase agreement financial
"Datasea entered into an intellectual property purchase agreement with Mr. Fu Liu, pursuant to which he transferred two software copyrights."
Disposition to issuer financial
"A Form 4 entry shows a transaction coded as a Disposition to issuer on April 16, 2026."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Datasea Intelligent (DTSS) report for Fu Liu?
Fu Liu reported stock awards and a share conversion. He received Common Stock as compensation and for software copyrights, and later his Datasea Common Stock converted into Class A and 2,000,000 Class B ordinary shares after a merger.
Why did Datasea Intelligent (DTSS) grant Fu Liu additional Common Stock?
Fu Liu received Datasea Common Stock for several reasons: as compensation in lieu of cash, as payment of accrued and unpaid salary, and as restricted stock consideration for transferring two software copyright assets under an intellectual property purchase agreement dated November 20, 2025.