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JinkoSolar (JKS) director’s entity receives 354,285 vested shares

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

JinkoSolar Holding Co., Ltd. director Cao Haiyun reported the vesting of performance-based restricted shares held through affiliated entities. On May 1, 2026, Vision Cloud Limited associated with Cao Haiyun acquired 354,285 ordinary shares at $0.00 per share

These shares vested under performance-based restricted share awards granted on January 5, 2023 pursuant to the company’s 2023 Equity Incentive Plan. After this event, Vision Cloud Limited holds 354,285 ordinary shares and 4,000 ordinary shares represented by American Depositary Shares, while HY Vision Cloud Holdings Limited holds 1,966,564 ordinary shares, all as indirect holdings.

Positive

  • None.

Negative

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Insider Cao Haiyun
Role null
Type Security Shares Price Value
Grant/Award Ordinary Shares 354,285 $0.00 --
holding Ordinary Shares -- -- --
holding Ordinary Shares (represented by American Depositary Shares) -- -- --
Holdings After Transaction: Ordinary Shares — 354,285 shares (Indirect, By Vision Cloud Limited); Ordinary Shares (represented by American Depositary Shares) — 4,000 shares (Indirect, By Vision Cloud Limited)
Footnotes (1)
  1. Vesting of performance-based restricted shares. Each restricted share represents a contingent right to receive one ordinary share of the Issuer. These performance-based restricted shares were granted by the Issuer on January 5, 2023 pursuant to 2023 Equity Incentive Plan, which vested in full on May 1, 2026. These performance-based restricted shares are being reported for the first time on this Form 4 in connection with their vesting. Each American Depositary Share ("ADS") represents four ordinary shares of the Issuer, par value US$0.00002 per share. Represents previously reported ADSs.
Vested award 354,285 shares Performance-based restricted shares vested on May 1, 2026
Award price $0.00 per share Grant/award acquisition reported for Vision Cloud Limited
Vision Cloud indirect ADS-based holding 4,000 ordinary shares Ordinary shares represented by ADSs held indirectly
HY Vision Cloud Holdings position 1,966,564 ordinary shares Indirect ownership as of May 1, 2026
ADS ratio 1 ADS = 4 ordinary shares Relationship between ADS and ordinary shares stated in footnote
Grant date of performance shares January 5, 2023 Grant date under 2023 Equity Incentive Plan
Vesting date of performance shares May 1, 2026 Full vesting of performance-based restricted shares
performance-based restricted shares financial
"Vesting of performance-based restricted shares. Each restricted share represents a contingent right"
Performance-based restricted shares are company stock grants that only become the recipient’s to keep if the business or individual meets specific financial or operational targets over time. For investors, they matter because they align management pay with company results—encouraging goal-focused decisions—but can also affect share count and reported earnings if many shares are earned and issued.
2023 Equity Incentive Plan financial
"were granted by the Issuer on January 5, 2023 pursuant to 2023 Equity Incentive Plan"
American Depositary Share ("ADS") financial
"Each American Depositary Share ("ADS") represents four ordinary shares of the Issuer"
An American Depositary Share (ADS) is a U.S.-listed certificate issued by a U.S. bank that represents one or more ordinary shares of a foreign company, letting U.S. investors buy and sell that foreign stock in dollars on U.S. markets. It matters because ADSs make access to overseas companies easier and more convenient—like a local ticket that stands in for a foreign product—while affecting liquidity, dividend payments, currency conversion and the regulatory disclosures investors rely on.
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "By Vision Cloud Limited""
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Cao Haiyun
(Last)(First)(Middle)
1 YINGBIN ROAD
SHANGRAO ECONOMIC DEVELOPMENT ZONE
(Street)
JIANGXI334100
(City)(State)(Zip)
CHINA
(Country)		2. Issuer Name and Ticker or Trading Symbol
JinkoSolar Holding Co., Ltd. [ JKS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Ordinary Shares05/01/2026A354,285(1)A$0(1)354,285IBy Vision Cloud Limited
Ordinary Shares1,966,564IBy HY Vision Cloud Holdings Limited
Ordinary Shares (represented by American Depositary Shares)(2)4,000(3)IBy Vision Cloud Limited
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Vesting of performance-based restricted shares. Each restricted share represents a contingent right to receive one ordinary share of the Issuer. These performance-based restricted shares were granted by the Issuer on January 5, 2023 pursuant to 2023 Equity Incentive Plan, which vested in full on May 1, 2026. These performance-based restricted shares are being reported for the first time on this Form 4 in connection with their vesting.
2. Each American Depositary Share ("ADS") represents four ordinary shares of the Issuer, par value US$0.00002 per share.
3. Represents previously reported ADSs.
/s/ Haiyun Cao05/04/2026
** Signature of Reporting PersonDate
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 JinkoSolar (JKS) director Cao Haiyun report on this Form 4?

The Form 4 reports that an entity associated with director Cao Haiyun, Vision Cloud Limited, acquired 354,285 ordinary shares at no cost upon vesting of performance-based restricted shares granted under the 2023 Equity Incentive Plan on May 1, 2026.

How many JinkoSolar (JKS) shares vested for the entity linked to Cao Haiyun?

Vision Cloud Limited, an entity associated with Cao Haiyun, had 354,285 ordinary shares vest on May 1, 2026. These came from performance-based restricted shares originally granted on January 5, 2023 under the company’s 2023 Equity Incentive Plan.

Were the newly vested JinkoSolar (JKS) shares purchased in the market?

No, the 354,285 ordinary shares were acquired at $0.00 per share through vesting of performance-based restricted shares. This reflects a grant or award under the 2023 Equity Incentive Plan, not an open-market purchase or sale transaction.

What indirect JinkoSolar (JKS) holdings are reported for entities linked to Cao Haiyun?

The filing shows indirect holdings of 354,285 ordinary shares and 4,000 ordinary shares represented by ADSs held by Vision Cloud Limited, plus 1,966,564 ordinary shares held by HY Vision Cloud Holdings Limited, all reported as indirect ownership interests.

What is the relationship between JinkoSolar (JKS) ADSs and ordinary shares in this filing?

The filing states each American Depositary Share (ADS) represents four ordinary shares of JinkoSolar. Vision Cloud Limited’s position includes previously reported ADSs representing 4,000 ordinary shares, in addition to its direct holding of 354,285 ordinary shares after vesting.

Under which plan were the vested JinkoSolar (JKS) restricted shares granted?

The performance-based restricted shares that vested into 354,285 ordinary shares were granted on January 5, 2023 under JinkoSolar’s 2023 Equity Incentive Plan. They fully vested on May 1, 2026 and are reported in this Form 4 for the first time.