Director at JinkoSolar (NYSE: JKS) sells 1.28M ordinary shares, keeps large stake

Rhea-AI Filing Summary

JinkoSolar Holding Co., Ltd. director LI XIANHUA, through Peaky Investments Limited, reported an open-market sale of 1,280,000 ordinary shares on May 13, 2026. The shares were sold in the form of American Depositary Shares at a weighted average price of $25.53 per ADS, with individual trades between $24.76 and $26.00 per ADS. After the sale, Peaky Investments Limited still indirectly holds 10,349,612 ordinary shares, and a separate line shows 40,000 ordinary shares represented by ADSs as previously reported holdings.

Insights

Equity markets analyst

Large indirect insider sale via ADSs, but substantial holdings remain.

Director LI XIANHUA, through Peaky Investments Limited, executed an open-market sale of 1,280,000 ordinary shares of JinkoSolar in ADS form at a weighted average of $25.53 per ADS. This is a meaningful disposition in absolute terms.

Following the transaction, Peaky Investments Limited still reports 10,349,612 ordinary shares held indirectly, plus a separate 40,000 ordinary shares represented by ADSs. With no derivative positions disclosed and no trading plan mentioned in the excerpt, this looks like a straightforward reduction rather than part of an options exercise.

The net effect is a sizable sale but with a large remaining stake, which often reads as portfolio rebalancing rather than an exit. Subsequent filings may further clarify whether this is a one-time move or part of a broader selling pattern.

Insider Trade Summary

Net Seller: 1,280,000 shares ($32,678,400)

Net Sell 2 txns

Insider LI XIANHUA

Role null

Sold 1,280,000 shs ($32.68M)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares	1,280,000	$25.53	$32.68M
holding	Ordinary Shares (represented by American Depositary Shares)	--	--	--

Holdings After Transaction: Ordinary Shares — 10,349,612 shares (Indirect, By Peaky Investments Limited); Ordinary Shares (represented by American Depositary Shares) — 40,000 shares (Indirect, By Peaky Investments Limited)

Footnotes (1)

1. The ordinary shares of the Issuer sold were in the form of American Depositary Shares ("ADSs"). Each ADS represents four ordinary shares of the Issuer, par value US$0.00002 per share. The reported price is the price of each ADS sold. This transaction was executed in multiple trades at prices ranging from $24.76 to $26.00; 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. Represents previously reported ADSs.

Key Figures

Shares sold: 1,280,000 ordinary shares Weighted average sale price: $25.53 per ADS Post-sale indirect holdings: 10,349,612 ordinary shares +2 more

5 metrics

Shares sold 1,280,000 ordinary shares Open-market sale on May 13, 2026

Weighted average sale price $25.53 per ADS ADS sales representing ordinary shares

Post-sale indirect holdings 10,349,612 ordinary shares Held indirectly by Peaky Investments Limited after sale

ADS-related holding line 40,000 ordinary shares represented by ADSs Previously reported ADS position

Trade price range $24.76–$26.00 per ADS Individual trade prices within reported sale

Key Terms

American Depositary Shares, ADSs, weighted average sale price, indirect, +1 more

5 terms

American Depositary Shares financial

"The ordinary shares of the Issuer sold were in the form of American Depositary Shares ("ADSs")."

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.

ADSs financial

"Each ADS represents four ordinary shares of the Issuer, par value US$0.00002 per share."

weighted average sale price financial

"the price reported above reflects the weighted average sale price."

indirect financial

"ownership_type": "indirect","ownership_code": "I""

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

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^*

LI XIANHUA

(Last) (First) (Middle)

1 YINGBIN ROAD

SHANGRAO ECONOMIC DEVELOPMENT ZONE

(Street)

JIANGXI 334100

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

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)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	05/13/2026		S		1,280,000(1)(2)	D	$25.53(3)	10,349,612	I	By Peaky Investments Limited
Ordinary Shares (represented by American Depositary Shares)(2)								40,000(4)	I	By Peaky Investments 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The ordinary shares of the Issuer sold were in the form of American Depositary Shares ("ADSs").

2. Each ADS represents four ordinary shares of the Issuer, par value US$0.00002 per share.

3. The reported price is the price of each ADS sold. This transaction was executed in multiple trades at prices ranging from $24.76 to $26.00; 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.

4. Represents previously reported ADSs.

	/s/ Xianhua Li	05/15/2026
	** 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)

FAQ

What did JinkoSolar (JKS) director LI XIANHUA report in this Form 4?

The filing shows director LI XIANHUA, through Peaky Investments Limited, sold 1,280,000 ordinary shares of JinkoSolar in ADS form on May 13, 2026. These were open-market transactions at a weighted average price of $25.53 per ADS.

At what price were JinkoSolar (JKS) shares sold in the reported insider transaction?

The sale was executed at a weighted average price of $25.53 per ADS. Individual trades occurred between $24.76 and $26.00 per ADS, with the reported figure summarizing the overall sale price range for this Form 4 transaction.

How many JinkoSolar (JKS) shares does Peaky Investments Limited hold after the sale?

After the transaction, Peaky Investments Limited indirectly holds 10,349,612 ordinary shares of JinkoSolar. A separate entry also reports 40,000 ordinary shares represented by ADSs as previously reported holdings, indicating a substantial remaining ownership position.

Were the JinkoSolar (JKS) insider sales made using American Depositary Shares (ADSs)?

Yes. Footnotes explain the ordinary shares sold were in the form of American Depositary Shares. Each ADS represents four ordinary shares, and the sale prices and weighted average price reported relate to the ADSs rather than the underlying ordinary shares.

Who actually executed the JinkoSolar (JKS) share sale reported for LI XIANHUA?

The transactions are attributed to Peaky Investments Limited, shown as holding the shares indirectly for LI XIANHUA. The Form 4 lists ownership type as indirect with the nature of ownership specified as “By Peaky Investments Limited.”

Does this JinkoSolar (JKS) Form 4 show any options or derivative exercises?

No derivative exercises are disclosed in this excerpt. The transactions relate to non-derivative ordinary shares, including the sale of 1,280,000 ordinary shares in ADS form and a separate holding line, with the derivative position summary reported as empty.