ECARX Holdings (ECX) director details share and warrant stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
ECARX Holdings Inc. director Heng Jun Hong filed an initial statement of beneficial ownership. The filing lists direct holdings of 279,564 Class A Ordinary Shares and warrants exercisable for 124,028 Class A Ordinary Shares at an exercise price of $11.50 per share, expiring on December 20, 2027. It also shows indirect holdings through Absolute Bond Limited of 1,030,956 Class A Ordinary Shares and warrants exercisable for 3,797,216 Class A Ordinary Shares on the same terms. A footnote explains that Absolute Bond Limited is managed by Press Room LLC, for which Heng Jun Hong is the manager, and that he disclaims ownership of the shares and warrants held by Absolute Bond Limited.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Heng Jun Hong
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants, each exercisable for one Class A Ordinary Share | -- | -- | -- |
| holding | Warrants, each exercisable for one Class A Ordinary Share | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Warrants, each exercisable for one Class A Ordinary Share — 124,028 shares (Direct);
Warrants, each exercisable for one Class A Ordinary Share — 3,797,216 shares (Indirect, By Absolute Bond Limited);
Class A Ordinary Shares — 279,564 shares (Direct);
Class A Ordinary Shares — 1,030,956 shares (Indirect, By Absolute Bond Limited)
Footnotes (1)
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FAQ
What does ECARX (ECX) director Heng Jun Hong report in this Form 3?
He reports his initial beneficial ownership in ECARX, including direct and indirect Class A Ordinary Shares and warrants. This establishes his baseline holdings as a director when he became subject to reporting rules.
What ECARX (ECX) holdings are reported through Absolute Bond Limited?
The filing shows 1,030,956 Class A Ordinary Shares and warrants for 3,797,216 Class A Ordinary Shares held indirectly through Absolute Bond Limited, which is managed by Press Room LLC.
What are the key terms of the ECARX (ECX) warrants reported by Heng Jun Hong?
The warrants are each exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share and expire on December 20, 2027, providing potential future share acquisition rights.
Does Heng Jun Hong claim ownership of ECARX securities held by Absolute Bond Limited?
A footnote states he is manager of Press Room LLC, which manages Absolute Bond Limited, but he disclaims any ownership of the shares and warrants held by Absolute Bond Limited despite this management role.
Is this ECARX (ECX) Form 3 a record of trades or just holdings?
This Form 3 reflects holding entries only, with no reported buys or sells. It establishes existing positions in shares and warrants rather than disclosing new market transactions.