Huize (HUIZ) CEO Ma Cunjun boosts stake with Class A and ADS buys
Rhea-AI Filing Summary
Huize Holding Ltd Chief Executive Officer Ma Cunjun reported multiple open-market purchases of the company’s equity. On April 1, an entity associated with him, Huidz Holding Limited, bought 7,839,032 Class A common shares at $0.014 per share, held as indirect ownership.
On March 30, he also directly purchased 1,000 American depositary shares at $1.39 per ADS and a further 2,000 ADS at $1.42 per ADS in open-market transactions. Following these trades, filings show 7,839,032 Class A common shares held indirectly through Huidz Holding Limited and 10,023,000 ADS held directly. Each ADS represents 100 Class A common shares, according to the disclosure.
Positive
- None.
Negative
- None.
Insights
Huize’s CEO and 10% owner reported net open-market share purchases.
Ma Cunjun, the CEO and a ten-percent owner, reported three open-market purchases, all classified as buys. An affiliated entity, Huidz Holding Limited, acquired 7,839,032 Class A common shares at $0.014 per share, recorded as indirect ownership.
Separately, Ma bought 1,000 ADS at $1.39 and 2,000 ADS at $1.42 per ADS, bringing direct ADS holdings to 10,023,000. All reported transactions are open-market purchases, with no sales or derivative exercises in this filing, suggesting a net increase in his reported economic exposure based on the disclosed data.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A common shares | 7,839,032 | $0.014 | $110K |
| Purchase | American depositary shares | 1,000 | $1.39 | $1K |
| Purchase | American depositary shares | 2,000 | $1.42 | $3K |
Footnotes (1)
- [object Object]