Who executed the NAMI share sales reported in this Form 4 filing?

The sales were executed by Light Stream Holdings Ltd., a British Virgin Islands company wholly owned by Jun Jiang. The Form 4 attributes the holdings and transactions to this entity, indicating Jun Jiang’s interest is through indirect ownership rather than direct personal accounts.

Jun Jiang entity trims NAMI (NASDAQ: NAMI) stake with 61,760 ADS sale

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Jinxin Technology Holding Co director and CFO/COO Jun Jiang reported indirect open-market sales of American depositary shares of NAMI on May 20, 2026. The trades were executed through Light Stream Holdings Ltd., a British Virgin Islands company wholly owned by him.

Light Stream sold a total of 61,760 American depositary shares at prices between $0.27 and $0.39 per share, and now holds 3,093,630 American depositary shares indirectly. Each American depositary share represents 18 ordinary shares of Jinxin Technology Holding Company.

Insider Trade Summary

Net Seller: 61,760 shares ($20,676)

Net Sell 8 txns

Insider Jiang Jun Jason

Role CFO and COO

Sold 61,760 shs ($21K)

Type	Security	Shares	Price	Value
Sale	American depositary shares	1,500	$0.276	$414.00
Sale	American depositary shares	1,000	$0.269	$269.00
Sale	American depositary shares	5,000	$0.295	$1K
Sale	American depositary shares	10,000	$0.295	$3K
Sale	American depositary shares	30,000	$0.345	$10K
Sale	American depositary shares	10,000	$0.354	$4K
Sale	American depositary shares	4,260	$0.394	$2K
holding	Ordinary shares	--	--	--

Holdings After Transaction: American depositary shares — 3,093,630 shares (Indirect, By Light Stream Holdings Ltd.); Ordinary shares — 2 shares (Indirect, By Light Stream Holdings Ltd.)

Footnotes (1)

Each American depositary share represents 18 ordinary shares of Jinxin Technology Holding Company. Light Stream Holdings Ltd. is a British Virgin Islands company wholly-owned by Jun Jiang.

Key Figures

ADS sold: 61,760 American depositary shares Remaining ADS holdings: 3,093,630 American depositary shares Highest sale price: $0.3940 per American depositary share +3 more

6 metrics

ADS sold 61,760 American depositary shares Total open-market sales on May 20, 2026

Remaining ADS holdings 3,093,630 American depositary shares Indirectly held after transactions on May 20, 2026

Highest sale price $0.3940 per American depositary share One of the reported open-market sale prices

Lowest sale price $0.2690 per American depositary share One of the reported open-market sale prices

Largest single trade 30,000 American depositary shares Single open-market sale at $0.3450 per share

ADS-to-ordinary share ratio 1 ADS = 18 ordinary shares Relationship between NAMI ADS and ordinary shares

Key Terms

American depositary shares, open-market sale, indirect ownership, transaction code, +1 more

5 terms

American depositary shares financial

"Each American depositary share represents 18 ordinary shares of Jinxin Technology Holding Company."

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.

open-market sale financial

"transaction_action: open-market sale in the non-derivative transactions."

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.

indirect ownership financial

"ownership_type: indirect and nature_of_ownership: By Light Stream Holdings Ltd."

transaction code financial

"transaction_code: S with description Sale in open market or private transaction."

net-sell financial

"transactionSummary shows netBuySellDirection: net-sell based on reported trades."

Form 4 Insider Transactions: What Each Field Means →

05/22/2026 - 06:07 AM

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^*

Jiang Jun Jason

(Last)

(First)

(Middle)

FLOOR 8, BUILDING D, SHENGYIN BUILDING

SHENGXIA ROAD 666, PUDONG DISTRICT

(Street)

SHANGHAI

201210

(City)

(State)

(Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Jinxin Technology Holding Co [ NAMI ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
American depositary shares⁽¹⁾	05/20/2026		S		1,500	D	$0.276	3,093,630	I	By Light Stream Holdings Ltd.⁽²⁾
American depositary shares⁽¹⁾	05/20/2026		S		1,000	D	$0.269	3,092,630	I	By Light Stream Holdings Ltd.⁽²⁾
American depositary shares⁽¹⁾	05/20/2026		S		5,000	D	$0.295	3,087,630	I	By Light Stream Holdings Ltd.⁽²⁾
American depositary shares⁽¹⁾	05/20/2026		S		10,000	D	$0.295	3,077,630	I	By Light Stream Holdings Ltd.⁽²⁾
American depositary shares⁽¹⁾	05/20/2026		S		30,000	D	$0.345	3,047,630	I	By Light Stream Holdings Ltd.⁽²⁾
American depositary shares⁽¹⁾	05/20/2026		S		10,000	D	$0.354	3,037,630	I	By Light Stream Holdings Ltd.⁽²⁾
American depositary shares⁽¹⁾	05/20/2026		S		4,260	D	$0.394	3,033,370	I	By Light Stream Holdings Ltd.⁽²⁾
Ordinary shares								2	I	By Light Stream Holdings Ltd.

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Each American depositary share represents 18 ordinary shares of Jinxin Technology Holding Company.

2. Light Stream Holdings Ltd. is a British Virgin Islands company wholly-owned by Jun Jiang.

	/s/ Jun Jiang	05/22/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Jinxin Technology (NAMI) report on this Form 4?

Jinxin Technology reported that Light Stream Holdings Ltd., wholly owned by CFO/COO Jun Jiang, sold 61,760 American depositary shares on May 20, 2026. These were open-market sales and represent a partial reduction of his indirect holdings in NAMI.

How many NAMI shares did Light Stream Holdings sell and at what prices?

Light Stream Holdings sold 61,760 American depositary shares of NAMI in multiple open-market transactions. Sale prices ranged from $0.2690 to $0.3940 per American depositary share, reflecting trading over that price band on May 20, 2026.

How many NAMI American depositary shares does Jun Jiang still hold indirectly?

After the reported sales, entities linked to Jun Jiang, through Light Stream Holdings Ltd., hold 3,093,630 American depositary shares indirectly. This figure comes from the post-transaction ownership column disclosed for the final listed transaction on the Form 4.

What is the relationship between NAMI American depositary shares and ordinary shares?

Each NAMI American depositary share represents 18 ordinary shares of Jinxin Technology Holding Company. This ratio is disclosed in the Form 4 footnotes, helping investors translate ADS figures into the underlying number of ordinary shares represented.

What was the overall direction of insider activity for NAMI in this Form 4?

The Form 4 reflects net selling activity. It shows seven open-market sale transactions totaling 61,760 American depositary shares and no purchases, with the transaction summary indicating a net-sell direction based on these reported trades.