What do the restricted share units in JD.com’s Form 4 represent?

Each restricted share unit represents a contingent right to receive one Class A ordinary share of JD.com. In this filing, the units vested on May 22, 2026 and were settled into shares, with no expiration date applied to the vested units.

JD.com (JD) director gains ADSs through equity RSU vesting

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

JD.com director Louis Hsieh increased his holdings through equity compensation vesting. On May 22, 2026, restricted share units covering 14,934 Class A ordinary shares vested and were settled, resulting in the acquisition of 7,467 American depositary shares (ADSs), with no cash purchase or market sale involved.

Each ADS represents two Class A ordinary shares, and each restricted share unit represented the right to receive one Class A ordinary share. Following these transactions, Hsieh directly holds 56,564 ADSs, reflecting a routine compensation-related share delivery rather than an open-market trade.

Insider Trade Summary

14,934 shares exercised/converted

Mixed 2 txns

Insider Hsieh Louis

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	14,934	$0.00	--
Exercise	American depositary shares	7,467	$0.00	--

Holdings After Transaction: Restricted Share Units — 0 shares (Direct, null); American depositary shares — 56,564 shares (Direct, null)

Footnotes (1)

These American depositary shares (ADSs), each representing two Class A ordinary shares, were acquired upon vesting and settlement of restricted share units. Each restricted share unit represents the contingent right to receive one Class A ordinary share. These restricted shares units were vested on May 22, 2026 and do not have an expiration date.

Key Figures

ADSs acquired: 7,467 ADSs RSUs vested: 14,934 shares ADS holdings after transaction: 56,564 ADSs +1 more

4 metrics

ADSs acquired 7,467 ADSs Acquired on May 22, 2026 via RSU vesting

RSUs vested 14,934 shares Restricted share units over Class A ordinary shares

ADS holdings after transaction 56,564 ADSs Direct holdings following RSU settlement

ADS share ratio 1 ADS = 2 Class A shares Each ADS represents two Class A ordinary shares

Key Terms

American depositary shares, Restricted Share Units, Class A ordinary shares

3 terms

American depositary shares financial

"These American depositary shares (ADSs), each representing two Class A ordinary shares, were acquired upon vesting and settlement of restricted share units."

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

Class A ordinary shares financial

"Each restricted share unit represents the contingent right to receive one Class A ordinary share."

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

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Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 06:14 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hsieh Louis

(Last)

(First)

(Middle)

THE HARBOURSIDE, TOWER 2, 37-B, I

AUSTIN ROAD WEST, KOWLOON

(Street)

HONG KONG

00000

(City)

(State)

(Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
JD.com, Inc. [ JD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol
[HKEX: 9618]

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
American depositary shares⁽¹⁾	05/22/2026		M		7,467	A	$0	56,564	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Share Units	⁽²⁾	05/22/2026		M			14,934	⁽³⁾	⁽³⁾	Class A ordinary shares	14,934	$0	0	D

Explanation of Responses:

1. These American depositary shares (ADSs), each representing two Class A ordinary shares, were acquired upon vesting and settlement of restricted share units.

2. Each restricted share unit represents the contingent right to receive one Class A ordinary share.

3. These restricted shares units were vested on May 22, 2026 and do not have an expiration date.

	/s/ Louis T. Hsieh	05/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did JD (JD) director Louis Hsieh report in this Form 4?

Louis Hsieh reported the vesting and settlement of restricted share units into JD.com shares. These equity awards converted into American depositary shares as part of routine compensation, not through an open-market stock purchase or sale.

How many JD.com shares were acquired through RSU vesting in this filing?

Restricted share units covering 14,934 Class A ordinary shares vested for Louis Hsieh. These were settled into 7,467 American depositary shares, each ADS representing two Class A ordinary shares, reflecting equity compensation rather than a market transaction.

What are American depositary shares (ADSs) in JD (JD) Form 4?

American depositary shares are securities representing interests in JD.com’s Class A ordinary shares. In this filing, each ADS represents two Class A ordinary shares, allowing the director to hold JD.com equity in a form tradable on U.S. markets.

How many JD.com ADSs does Louis Hsieh hold after this transaction?

After the vesting and settlement of restricted share units, Louis Hsieh directly holds 56,564 American depositary shares of JD.com. This updated holding reflects his position following the equity award conversion disclosed in the Form 4.

Were there any open-market buys or sells by JD (JD) director Louis Hsieh?

No open-market buys or sells were reported. The Form 4 shows derivative exercises where restricted share units vested and converted into shares, categorized as an exercise or conversion of derivative securities rather than discretionary trading.