Tax withholding reduces HUYA Inc. (HUYA) director share count
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HUYA Inc. director Lin Songtao reported a share disposition driven by tax withholding, not an open-market sale. The issuer withheld 47,275 Class A Ordinary Shares, in the form of American Depositary Shares, to cover tax obligations from partial vesting of restricted share unit awards.
The withholding price was $2.43 per share, the rate HUYA used to calculate taxes. After this transaction, Lin holds 389,642 Class A Ordinary Shares directly, so he retains a substantial equity position while settling taxes on vested equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 47,275 shares ($114,878)
Net Sell
1 txn
Insider
Lin Songtao
Role
null
Sold
47,275 shs ($115K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Share | 47,275 | $2.43 | $115K |
Holdings After Transaction:
Class A Ordinary Share — 389,642 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 47,275 shares
Tax valuation price: $2.43 per share
Shares held after transaction: 389,642 shares
3 metrics
Shares withheld for taxes
47,275 shares
Class A Ordinary Shares in ADS form withheld for RSU tax
Tax valuation price
$2.43 per share
Price HUYA used to calculate tax on vested RSUs
Shares held after transaction
389,642 shares
Class A Ordinary Shares held directly by Lin Songtao
Key Terms
restricted share unit awards, American Depositary Shares, withheld
3 terms
withheld financial
"The issuer withheld 47,275 Class A Ordinary Shares in the form of American Depositary Shares"
FAQ
What insider transaction did HUYA (HUYA) director Lin Songtao report?
HUYA director Lin Songtao reported a disposition where the issuer withheld 47,275 Class A Ordinary Shares in ADS form. This was done to satisfy tax obligations arising from the partial vesting of his restricted share unit awards, rather than an open-market sale.
Was the HUYA (HUYA) Form 4 transaction an open-market sale?
The Form 4 code shows a sale, but the footnote clarifies the shares were withheld by HUYA to pay taxes on vested RSUs. No open-market transaction occurred; it was a tax withholding mechanism tied to equity compensation vesting.