FinVolution (NYSE: FINV) CEO reports RSU vesting and sell-to-cover tax transaction
Rhea-AI Filing Summary
FinVolution Group’s Chief Executive Officer Tiezheng Li reported equity compensation activity involving restricted share units (RSUs) and related tax withholding. On June 1, 2026, RSUs covering 697,070 Class A ordinary shares vested and were converted into the same number of Class A ordinary shares at a stated price of $0.0000 per share. A separate entry shows an award of 697,070 RSUs, each representing a contingent right to receive one Class A ordinary share when vested. On June 2, 2026, 328,770 Class A ordinary shares were disposed of in a sell-to-cover transaction at $1.05 per share to satisfy tax withholding obligations, rather than as an open-market sale. After these transactions, Li directly held 4,616,670 Class A ordinary shares and indirectly held 7,719,350 Class A ordinary shares through Happyariel Holding Limited, which he beneficially owns via a trust. The Class A ordinary shares are held in the form of American depositary shares, with each ADS representing five Class A ordinary shares.
Positive
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Insider Trade Summary
Net Buyer: 368,300 shares
Net Buy
5 txns
Insider
Li Tiezheng
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Ordinary Shares | 328,770 | $1.05 | $345K |
| Grant/Award | Restricted Share Units | 697,070 | $0.00 | $0.00 |
| Exercise | Restricted Share Units | 697,070 | $0.00 | $0.00 |
| Exercise | Class A Ordinary Shares | 697,070 | $0.00 | $0.00 |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 2,572,300 shares (Direct);
Class A Ordinary Shares — 4,616,670 shares (Direct);
Class A Ordinary Shares — 7,719,350 shares (Indirect, Happyariel Holding Limited)
Footnotes (6)
- F1. The Class A ordinary shares are held in the form of American depositary shares. Each American depositary share represents five Class A ordinary shares.
- F2. Represents Class A ordinary shares acquired upon the vesting of restricted share units (RSUs) on June 1, 2026.
- F3. The shares were sold in a "sell-to-cover" transaction to cover tax withholding obligations in connection with the vesting and settlement of the RSUs.
- F4. Happyariel Holding Limited is beneficially owned by Mr. Tiezheng Li through a trust, of which Mr. Tiezheng Li is the settlor and Mr. Tiezheng Li and his family members are the beneficiaries. Mr. Tiezheng Li is the sole director of Happyariel Holding Limited.
- F5. Each RSU represents a contingent right to receive, when vested, one Class A ordinary share.
- F6. The RSUs vested on June 1, 2026 and have no expiration date.
Key Figures
RSUs vested: 697,070 units
Tax-withholding shares: 328,770 shares
Sell-to-cover price: $1.05 per share
+3 more
6 metrics
RSUs vested
697,070 units
RSUs vested into Class A ordinary shares on June 1, 2026
Tax-withholding shares
328,770 shares
Shares disposed of in sell-to-cover transaction on June 2, 2026
Sell-to-cover price
$1.05 per share
Price for 328,770 Class A ordinary shares used for tax withholding
Direct holdings after transactions
4,616,670 shares
Class A ordinary shares directly held by Tiezheng Li after reported activity
Indirect holdings via Happyariel
7,719,350 shares
Class A ordinary shares held through Happyariel Holding Limited
ADS ratio
1 ADS = 5 shares
Each American depositary share represents five Class A ordinary shares
Key Terms
American depositary shares, Restricted share units, sell-to-cover, beneficially owned, +1 more
5 terms
sell-to-cover financial
"The shares were sold in a "sell-to-cover" transaction to cover tax withholding obligations"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
beneficially owned financial
"Happyariel Holding Limited is beneficially owned by Mr. Tiezheng Li through a trust"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
contingent right financial
"Each RSU represents a contingent right to receive, when vested, one Class A ordinary share."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity transactions did FinVolution (FINV) CEO Tiezheng Li report?
Tiezheng Li reported RSU vesting and related tax withholding. 697,070 RSUs vested into Class A ordinary shares, and 328,770 shares were disposed of in a sell-to-cover transaction to satisfy tax obligations, rather than as an open-market sale.
What role does Happyariel Holding Limited play in FinVolution (FINV) CEO holdings?
Happyariel Holding Limited holds 7,719,350 Class A ordinary shares indirectly for Tiezheng Li. It is beneficially owned by Li through a trust for him and his family members, and he serves as the entity’s sole director, reflecting structured indirect ownership.