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  4. [Form 4] JinkoSolar Holding Co., Ltd. Insider Trading Activity

Li Xiande entity gains 1.78M JinkoSolar (JKS) shares via vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

JinkoSolar Holding Co., Ltd. disclosed that an entity associated with Chief Executive Officer Li Xiande, Brilliant Win Holdings Limited, acquired 1,777,142 ordinary shares at $0.0000 per share through the vesting of performance-based restricted shares granted on January 5, 2023 under the 2023 Equity Incentive Plan. These awards vested in full on May 1, 2026 and are being reported in connection with that vesting. Following this vesting, Brilliant Win Holdings Limited holds 4,550,062 ordinary shares indirectly, while Brilliant Win Holdings Limited and Gorgeous Win Capital Limited together hold 41,293,840 ordinary shares in the form of American Depositary Shares, each ADS representing four ordinary shares.

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Insider LI XIANDE
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Ordinary Shares 1,777,142 $0.00 --
holding Ordinary Shares (represented by American Depositary Shares) -- -- --
Holdings After Transaction: Ordinary Shares — 4,550,062 shares (Indirect, By Brilliant Win Holdings Limited); Ordinary Shares (represented by American Depositary Shares) — 41,293,840 shares (Indirect, By Brilliant Win Holdings Limited and Gorgeous Win Capital 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. The ADSs include ADSs and restricted ADSs. Represents previously reported ADSs.
Vested ordinary shares 1,777,142 shares Performance-based restricted shares vested on May 1, 2026
Vesting price per share $0.0000 per share Grant/award acquisition of vested restricted shares
Indirect ordinary shares after vesting 4,550,062 shares Held indirectly by Brilliant Win Holdings Limited
Ordinary shares via ADSs 41,293,840 shares Held via ADSs by Brilliant Win and Gorgeous Win
ADS to ordinary share ratio 1 ADS = 4 ordinary shares Structure of JinkoSolar American Depositary Shares
Grant date of restricted shares January 5, 2023 Performance-based restricted shares under 2023 Equity Incentive Plan
Vesting date of restricted shares May 1, 2026 Performance-based restricted shares vested in full on this date
performance-based restricted shares financial
"Vesting of performance-based restricted shares. Each restricted share represents"
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
"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"
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.
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*
LI XIANDE
(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
XOfficer (give title below)Other (specify below)
Chief Executive Officer
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 Shares05/01/2026A1,777,142(1)A$0(1)4,550,062IBy Brilliant Win Holdings Limited
Ordinary Shares (represented by American Depositary Shares)(2)41,293,840(3)IBy Brilliant Win Holdings Limited and Gorgeous Win Capital 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. The ADSs include ADSs and restricted ADSs.
3. Represents previously reported ADSs.
/s/ Xiande Li05/04/2026
** 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 insider transaction did JinkoSolar (JKS) report for CEO Li Xiande?

JinkoSolar reported that an entity associated with CEO Li Xiande, Brilliant Win Holdings Limited, acquired 1,777,142 ordinary shares at no cost. The shares came from performance-based restricted shares that fully vested on May 1, 2026 under the company’s 2023 Equity Incentive Plan.

How many JinkoSolar shares vested for Li Xiande on May 1, 2026?

A total of 1,777,142 performance-based restricted ordinary shares vested for an entity associated with Li Xiande on May 1, 2026. Each restricted share converted into one ordinary share under the 2023 Equity Incentive Plan, and this vesting is being reported for the first time in this Form 4.

What are Li Xiande’s indirect ordinary share holdings in JinkoSolar after this Form 4?

After this Form 4, Brilliant Win Holdings Limited holds 4,550,062 ordinary shares of JinkoSolar indirectly. In addition, Brilliant Win Holdings Limited and Gorgeous Win Capital Limited together hold 41,293,840 ordinary shares represented by American Depositary Shares, according to the reported ownership figures.

How are JinkoSolar American Depositary Shares (ADSs) structured in this filing?

Each JinkoSolar American Depositary Share, or ADS, represents four ordinary shares of the issuer. The filing notes that the ADSs include both regular ADSs and restricted ADSs, clarifying how the large indirect holdings are represented in the U.S. market.

Was cash paid for the JinkoSolar shares acquired by Li Xiande’s entity?

No cash was paid for these shares; the reported transaction price per share is $0.0000. The 1,777,142 ordinary shares resulted from vesting of previously granted performance-based restricted shares under the 2023 Equity Incentive Plan, rather than an open-market purchase.

Through which entities does Li Xiande hold his indirect JinkoSolar stake?

The filing states that Li Xiande’s indirect holdings are through Brilliant Win Holdings Limited and Gorgeous Win Capital Limited. Brilliant Win Holdings Limited is listed as holding ordinary shares directly, while both entities are shown as holding ordinary shares represented by American Depositary Shares.