FinVolution (NYSE: FINV) COO Wang reports RSU vesting and sell-to-cover tax share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FinVolution Group COO and CTO Wang Yuxiang reported equity compensation activity and related tax withholding. On April 10, 2026, Wang received a grant of 970,720 restricted share units (RSUs), each representing a right to one Class A ordinary share, which vested the same day and were exercised into 970,720 Class A ordinary shares.
To cover tax withholding obligations from this vesting, 453,545 Class A ordinary shares were disposed of in a sell-to-cover transaction at $0.99 per share, rather than through a discretionary open-market sale. After these transactions, Wang directly holds 7,065,140 Class A ordinary shares and indirectly holds 5,001,290 Class A ordinary shares through Mobilescope Holding Limited. The Class A ordinary shares are held in the form of American depositary shares, with each ADS representing five Class A ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
970,720 shares exercised/converted
Mixed
5 txns
Insider
Wang Yuxiang
Role
COO and CTO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Ordinary Shares | 453,545 | $0.99 | $449K |
| Grant/Award | Restricted Share Units | 970,720 | $0.00 | -- |
| Exercise | Restricted Share Units | 970,720 | $0.00 | -- |
| Exercise | Class A Ordinary Shares | 970,720 | $0.00 | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class A Ordinary Shares — 7,065,140 shares (Direct);
Restricted Share Units — 970,720 shares (Direct);
Class A Ordinary Shares — 5,001,290 shares (Indirect, Mobilescope Holding Limited)
Footnotes (1)
- The Class A ordinary shares are held in the form of American depositary shares. Each American depositary share represents five Class A ordinary shares. Represents Class A ordinary shares acquired upon the vesting of restricted share units (RSUs) on April 10, 2026. 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. Each RSU represents a contingent right to receive, when vested, one Class A ordinary share. The RSUs vested on April 10, 2026 and have no expiration date.
Key Figures
RSUs granted and vested: 970,720 units
Shares from RSU exercise: 970,720 shares
Sell-to-cover shares: 453,545 shares
+4 more
7 metrics
RSUs granted and vested
970,720 units
Restricted share units vested and exercised on April 10, 2026
Shares from RSU exercise
970,720 shares
Class A ordinary shares acquired upon RSU vesting
Sell-to-cover shares
453,545 shares
Shares disposed to cover tax withholding obligations
Sell-to-cover price
$0.99 per share
Price for Class A ordinary shares in tax-withholding disposition
Direct holdings after transactions
7,065,140 shares
Class A ordinary shares directly held by Wang Yuxiang post-transactions
Indirect holdings
5,001,290 shares
Class A ordinary shares held indirectly via Mobilescope Holding Limited
ADS to share ratio
1 ADS = 5 shares
Each American depositary share represents five Class A ordinary shares
Key Terms
Restricted Share Units, sell-to-cover, American depositary shares, tax withholding obligations, +1 more
5 terms
sell-to-cover financial
"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."
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.
tax withholding obligations financial
"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."
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did FinVolution (FINV) COO and CTO Wang Yuxiang report?
Wang Yuxiang reported the vesting and exercise of 970,720 restricted share units into Class A ordinary shares, followed by a sell-to-cover tax transaction involving 453,545 Class A ordinary shares at $0.99 per share to satisfy tax withholding obligations.
How many FinVolution (FINV) RSUs did Wang Yuxiang receive and vest?
Wang Yuxiang received 970,720 restricted share units that vested on April 10, 2026. Each RSU represents a contingent right to receive one Class A ordinary share, and all vested RSUs were exercised into 970,720 Class A ordinary shares on the same date.
What indirect FinVolution (FINV) holdings are associated with Wang Yuxiang?
In addition to direct holdings, there is an indirect holding of 5,001,290 Class A ordinary shares through Mobilescope Holding Limited. This entry reflects shares held by that entity, which is associated with Wang Yuxiang, and is reported as indirect ownership on the Form 4 filing.