36Kr (KRKR) CEO Dagang Feng reports large direct and indirect holdings
Rhea-AI Filing Summary
36Kr Holdings Inc. director and Chief Executive Officer Dagang Feng filed an initial ownership report showing substantial direct and indirect positions. He holds three fully vested employee share option grants over 24,001,202, 3,245,420, and 5,000,000 Class A ordinary shares at an exercise price of $0.0001 per share, expiring between 2029 and 2031. Indirectly, Palopo Holding Limited, a BVI company ultimately controlled by The Lording Trust for which Feng is settlor and a beneficiary, holds 23,553,600 Class A ordinary shares and 54,958,400 Class C ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Feng Dagang
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Share Option | -- | -- | -- |
| holding | Employee Share Option | -- | -- | -- |
| holding | Employee Share Option | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class C Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Employee Share Option — 32,246,622 shares (Direct);
Class A Ordinary Shares — 23,553,600 shares (Indirect, By Palopo Holding Limited);
Class C Ordinary Shares — 54,958,400 shares (Indirect, By Palopo Holding Limited)
Footnotes (4)
- F1. These shares are held by Palopo Holding Limited, a limited liability company incorporated under the laws of the British Virgin Islands wholly owned by Lording Global Limited and ultimately controlled by The Lording Trust. The Lording Trust is a trust established under the laws of the Cayman Islands and managed by TMF (Cayman) Ltd. as the trustee. Mr. Dagang Feng is the settlor of the trust, and Mr. Dagang Feng and his family members are the trust's beneficiaries.
- F2. These options were granted on September 7, 2019, with 50% vested immediately, 6,000,300 shares vested on December 19, 2019 and 6,000,301 shares vested on December 19,2020. As of the date of this Form 3, these options are fully vested and exercisable.
- F3. These options were granted on September 7, 2019 and vest in equal installments over a four-year period. As of the date of this Form 3, these options are fully vested and exercisable.
- F4. These options were granted on December 19, 2021. and vest in equal installments over a four-year period. As of the date of this Form 3, these options are fully vested and exercisable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Dagang Feng’s Form 3 filing reveal about his KRKR holdings?
The filing shows Dagang Feng has large direct option awards and indirect share holdings in 36Kr. Fully vested options cover several tranches of Class A ordinary shares, while Palopo Holding Limited holds significant Class A and Class C ordinary shares linked to his trust structure.
What indirect 36Kr (KRKR) ownership is reported through Palopo Holding Limited?
The Form 3 reports indirect ownership through Palopo Holding Limited of 23,553,600 Class A ordinary shares and 54,958,400 Class C ordinary shares. Palopo is wholly owned by Lording Global Limited and ultimately controlled by The Lording Trust, where Feng is settlor and beneficiary.