JinkoSolar (JKS) director trims stake with 16,000-ADS open-market sale
Rhea-AI Filing Summary
JinkoSolar Holding Co., Ltd. director Siew Wing Keong reported an open-market sale of 16,000 securities described as ordinary shares represented by American Depositary Shares. The weighted average sale price was $26.11 per ADS, with individual trades ranging from $26.00 to $26.29 per ADS.
Each ADS represents four ordinary shares. After this transaction, the reporting person holds 186,000 of these securities directly, indicating that the sale was a partial reduction of an existing position rather than a full exit.
Positive
- None.
Negative
- None.
Insights
Director’s sale is modest relative to remaining holdings and appears routine.
Director Siew Wing Keong sold 16,000 JinkoSolar securities described as ordinary shares represented by ADSs at a weighted average of $26.11 per ADS. Each ADS represents four ordinary shares, so the transaction reduces but does not eliminate the position.
Following the sale, the director still holds 186,000 of these securities directly, suggesting the transaction represents a relatively small portion of the total stake. The filing describes an open-market sale with executions between $26.00 and $26.29 per ADS, with no additional context such as options exercises or tax withholding.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares (represented by American Depositary Shares) | 16,000 | $26.11 | $418K |
Footnotes (1)
- Each American Depositary Shares ("ADSs") represents four ordinary shares of the Issuer, par value US$0.00002 per share. The ordinary shares of the Issuer sold were in the form of ADSs. The reported price is the price of each ADS sold. This transaction was executed in multiple trades at prices ranging from $26.00 to $26.29; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the Issuer, or a security holder of the Issuer.