What was the purpose of the 533,504-share Datasea stock grant to Fu Liu?

Datasea granted Fu Liu 533,504 shares of restricted Common Stock as consideration for purchasing two intangible assets, specifically software copyrights he owned, under an intellectual property purchase agreement entered into on November 20, 2025 between Datasea and Fu Liu.

Datasea Intelligent (DTSS) insider granted stock and converted 2M shares to Class B

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

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.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Liu Fu

Role null

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/Class A Ordinary Share — 952,695 shares (Direct, null); Class B Ordinary Share — 2,000,000 shares (Direct, null); Common Stock — 2,952,695 shares (Direct, null)

Footnotes (1)

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. The Reporting Person was issued shares of the Common Stock of Datasea as payment of accrued and unpaid salary. 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. 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

Class A Ordinary Shares financial

"The remaining Common Stock held by the Reporting Person were converted into an equal number of the Class A ordinary shares."

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

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."

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Form 4 Insider Transactions: What Each Field Means →

06/03/2026 - 09:05 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Liu Fu

(Last)

(First)

(Middle)

ROOM 302-5, BUILDING C, GEMDALE VISEEN

INTERNATIONAL CENTER, NO.5 SHENGFANG RD

(Street)

DAXING DISTRICT, BEIJING

100176

(City)

(State)

(Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Datasea Intelligent Technology Ltd. [ DTSS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/17/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/17/2025		A		30,000⁽¹⁾	A	$1.92	2,252,634	D
Common Stock	10/17/2025		A		16,557⁽²⁾	A	$1.92	2,269,191	D
Common Stock	11/25/2025		A		533,504⁽³⁾	A	$1.27	2,802,695	D
Common Stock	01/05/2026		A		150,000⁽¹⁾	A	$0.83	2,952,695	D
Common Stock/Class A Ordinary Share	04/16/2026		D		2,000,000⁽⁴⁾	D	$1.07	952,695	D
Class B Ordinary Share	04/16/2026		A		2,000,000⁽⁴⁾	A	$1.07	2,000,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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.

2. The Reporting Person was issued shares of the Common Stock of Datasea as payment of accrued and unpaid salary.

3. 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.

4. 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").

	/s/ Fu Liu	06/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

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.

How many Datasea Intelligent (DTSS) Class B shares does Fu Liu now hold?

Following the April 16, 2026 merger, 2,000,000 shares of Datasea Common Stock held by Fu Liu were converted into 2,000,000 Class B ordinary shares of Datasea Intelligent Technology Ltd., which he now holds directly according to the reported Form 4 transactions.

How many Datasea Intelligent (DTSS) Class A shares does Fu Liu hold after the merger?

After the merger on April 16, 2026, the remaining Datasea Common Stock held by Fu Liu converted into an equal number of Class A ordinary shares, leaving him with 952,695 Class A shares directly owned, as shown in the Form 4 data.

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.

Did Fu Liu sell Datasea Intelligent (DTSS) shares in this Form 4 filing?

The filing shows a disposal coded as a disposition to issuer tied to the merger-related conversion of Datasea Common Stock into Datasea Intelligent Class A and Class B ordinary shares, rather than an open-market sale of shares to third-party investors.