How are LightInTheBox ADSs related to ordinary shares in this filing?

A footnote explains that each American Depositary Share (ADS) represents 12 ordinary shares. This means the ADS and ordinary share counts are not one-to-one; the ADS positions disclosed correspond to a larger number of underlying ordinary shares at that fixed ratio.

LightInTheBox CTO reports initial insider holdings

Q: What insider holdings did LITB CTO Shi Bin Spencer report?

Shi Bin Spencer reported direct and indirect holdings of American Depositary Shares (ADSs) and options. The filing lists 353,850 ADSs held directly and 33,333 ADSs held indirectly via BINLIGHT PTE. LTD., plus several option grants tied to ADSs at specified exercise prices.

Q: Does the LITB Form 3 for Shi Bin Spencer show any recent buy or sell transactions?

The Form 3 for Shi Bin Spencer reports holdings only, with no explicit buy or sell transactions. All entries are classified as holding records, so the document serves as a baseline disclosure of his existing ADS and option positions rather than new trading activity.

Q: How many LightInTheBox ADSs does Shi Bin Spencer hold directly and indirectly?

The filing states that he holds 353,850 ADSs directly and 33,333 ADSs indirectly through BINLIGHT PTE. LTD. This splits his reported ADS ownership into personal direct holdings and shares controlled via an entity he beneficially owns, as disclosed in the footnotes.

Q: What option positions over LightInTheBox ADSs are disclosed for Shi Bin Spencer?

The report lists options over 33,333 ADSs at $3.0000, 9,259 ADSs at $0.0600, and 25,000 ADSs at $3.9000. These options have expiration dates in 2032, 2033, and 2034, providing long-dated potential to acquire additional ADSs if exercised.

LightInTheBox Holding Co., Ltd. Chief Technology Officer Shi Bin Spencer filed an initial insider ownership report showing positions in American Depositary Shares (ADSs) and options linked to ADSs.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

LightInTheBox Holding Co., Ltd. Chief Technology Officer Shi Bin Spencer filed an initial insider ownership report showing positions in American Depositary Shares (ADSs) and options linked to ADSs. The filing lists both direct holdings and indirect holdings through BINLIGHT PTE. LTD., which he beneficially owns.

The report shows 353,850 ADSs held directly and 33,333 ADSs held indirectly via BINLIGHT PTE. LTD., with no new purchases or sales disclosed. It also lists options over ADSs with various exercise prices and expiration dates, and notes that each ADS represents 12 ordinary shares.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Shi Bin Spencer

Role Chief Technology Officer

Type	Security	Shares	Price	Value
holding	Options (right to buy)	--	--	--
holding	Options (right to buy)	--	--	--
holding	Options (right to buy)	--	--	--
holding	American Depositary Shares	--	--	--
holding	American Depositary Shares	--	--	--

Holdings After Transaction: Options (right to buy) — 58,333 contracts (Indirect, By BINLIGHT PTE. LTD.); Options (right to buy) — 9,259 contracts (Direct); American Depositary Shares — 353,850 shares (Direct); American Depositary Shares — 33,333 shares (Indirect, By BINLIGHT PTE. LTD.)

Footnotes (2)

F1. Each American Depositary Share ("ADS") represents 12 ordinary shares.
F2. The reporting person is the sole beneficial owner of BINLIGHT PTE. LTD.

Key Figures

Direct ADS holdings: 353,850 ADSs Indirect ADS holdings: 33,333 ADSs Option over ADSs at $3.0000: 33,333 ADSs +3 more

6 metrics

Direct ADS holdings 353,850 ADSs Total American Depositary Shares held directly after reporting

Indirect ADS holdings 33,333 ADSs ADSs held indirectly through BINLIGHT PTE. LTD.

Option over ADSs at $3.0000 33,333 ADSs Options with $3.0000 exercise price expiring 2032-10-24, indirect

Option over ADSs at $0.0600 9,259 ADSs Options with $0.0600 exercise price expiring 2033-12-28, direct

Option over ADSs at $3.9000 25,000 ADSs Options with $3.9000 exercise price expiring 2034-07-29, indirect

ADS to ordinary share ratio 1 ADS = 12 ordinary shares Conversion ratio disclosed in footnote

Key Terms

American Depositary Shares, Options (right to buy, indirect ownership, beneficial owner

4 terms

American Depositary Shares financial

"underlying_security_title: "American Depositary Shares" with ADS positions disclosed"

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.

Options (right to buy financial

"security_title: "Options (right to buy)" for derivative holdings"

indirect ownership financial

"direct_or_indirect: "I" and nature_of_ownership: "By BINLIGHT PTE. LTD.""

beneficial owner financial

"footnote: "The reporting person is the sole beneficial owner of BINLIGHT PTE. LTD.""

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider holdings did LITB CTO Shi Bin Spencer report?

Shi Bin Spencer reported direct and indirect holdings of American Depositary Shares (ADSs) and options. The filing lists 353,850 ADSs held directly and 33,333 ADSs held indirectly via BINLIGHT PTE. LTD., plus several option grants tied to ADSs at specified exercise prices.

Does the LITB Form 3 for Shi Bin Spencer show any recent buy or sell transactions?

The Form 3 for Shi Bin Spencer reports holdings only, with no explicit buy or sell transactions. All entries are classified as holding records, so the document serves as a baseline disclosure of his existing ADS and option positions rather than new trading activity.

How many LightInTheBox ADSs does Shi Bin Spencer hold directly and indirectly?

The filing states that he holds 353,850 ADSs directly and 33,333 ADSs indirectly through BINLIGHT PTE. LTD. This splits his reported ADS ownership into personal direct holdings and shares controlled via an entity he beneficially owns, as disclosed in the footnotes.

What option positions over LightInTheBox ADSs are disclosed for Shi Bin Spencer?

The report lists options over 33,333 ADSs at $3.0000, 9,259 ADSs at $0.0600, and 25,000 ADSs at $3.9000. These options have expiration dates in 2032, 2033, and 2034, providing long-dated potential to acquire additional ADSs if exercised.

What is BINLIGHT PTE. LTD.’s role in Shi Bin Spencer’s LITB holdings?

The filing notes that certain ADS and option positions are held indirectly via BINLIGHT PTE. LTD., and that Shi Bin Spencer is the sole beneficial owner of this entity. This clarifies that he ultimately benefits from those indirect holdings alongside his directly held ADSs and options.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/31/2026 - 06:52 AM

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Shi Bin Spencer

(Last)

(First)

(Middle)

21/F, QIANTAN XINDE CENTER, LANE 666,

HAIYANG WEST ROAD, PUDONG NEW DISTRICT

(Street)

SHANGHAI

200126

(City)

(State)

(Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
LightInTheBox Holding Co., Ltd. [ LITB ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
American Depositary Shares⁽¹⁾	353,850	D
American Depositary Shares⁽¹⁾	33,333	I	By BINLIGHT PTE. LTD.⁽²⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Options (right to buy)	10/24/2022	10/24/2032	American Depositary Shares⁽¹⁾	33,333	$3	I	By BINLIGHT PTE. LTD.⁽²⁾
Options (right to buy)	12/28/2023	12/28/2033	American Depositary Shares⁽¹⁾	9,259	$0.06	D
Options (right to buy)	12/31/2025	07/29/2034	American Depositary Shares⁽¹⁾	25,000	$3.9	I	By BINLIGHT PTE. LTD.⁽²⁾

Explanation of Responses:

1. Each American Depositary Share ("ADS") represents 12 ordinary shares.

2. The reporting person is the sole beneficial owner of BINLIGHT PTE. LTD.

	/s/ Shi Bin Spencer	03/31/2026
	** 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 5 (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 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR