What does each NAMI American depositary share represent in ordinary shares?

According to the footnotes, each NAMI American depositary share represents 18 ordinary shares of Jinxin Technology Holding Company. This ADS-to-ordinary share ratio helps investors understand the economic interest represented by the reported ADS holdings and transactions.

Jinxin Technology (NAMI) insider unit sells 1,494 ADS in open market

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Jinxin Technology Holding Co director and CFO/COO Jiang Jun Jason, through indirectly owned Light Stream Holdings Ltd., reported open-market sales of 1,494 American depositary shares of NAMI on April 30 at prices around $0.35–$0.40 per ADS. After these trades, Light Stream indirectly holds 3,110,911 ADS and 2 ordinary shares.

Insider Trade Summary

Net Seller: 1,494 shares ($583)

Net Sell 13 txns

Insider Jiang Jun Jason

Role CFO and COO

Sold 1,494 shs ($582.70)

Type	Security	Shares	Price	Value
Sale	American depositary shares	100	$0.398	$39.80
Sale	American depositary shares	100	$0.398	$39.80
Sale	American depositary shares	100	$0.398	$39.80
Sale	American depositary shares	100	$0.379	$37.90
Sale	American depositary shares	100	$0.378	$37.80
Sale	American depositary shares	100	$0.378	$37.80
Sale	American depositary shares	40	$0.348	$13.92
Sale	American depositary shares	60	$0.398	$23.88
Sale	American depositary shares	50	$0.358	$17.90
Sale	American depositary shares	450	$0.398	$179.10
Sale	American depositary shares	56	$0.362	$20.27
Sale	American depositary shares	238	$0.398	$94.72
holding	Ordinary shares	--	--	--

Holdings After Transaction: American depositary shares — 3,111,011 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: 1,494 ADS Sale price range: $0.348–$0.398 per ADS ADS held after transactions: 3,110,911 ADS +3 more

6 metrics

ADS sold 1,494 ADS Total NAMI American depositary shares sold on April 30

Sale price range $0.348–$0.398 per ADS Prices for the reported open-market ADS sales

ADS held after transactions 3,110,911 ADS Indirect holdings by Light Stream Holdings Ltd. after April 30

Ordinary shares held 2 ordinary shares Indirect ordinary share holdings reported as of April 30

ADS to ordinary share ratio 1 ADS = 18 ordinary shares Economic equivalence disclosed in Form 4 footnote

Net share direction -1,494 ADS Net-sell direction from transaction summary

Key Terms

American depositary shares, open-market sale, indirect ownership, Form 4, +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 multiple Form 4 line items"

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

"direct_or_indirect: I, nature_of_ownership: By Light Stream Holdings Ltd."

Form 4 regulatory

"INSIDER FILING DATA (Form 4) summarizing the transactions"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

British Virgin Islands regulatory

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

Form 4 Insider Transactions: What Each Field Means →

05/04/2026 - 06:02 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)
04/30/2026

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⁾	04/30/2026		S		100	D	$0.398	3,111,011	I	By Light Stream Holdings Ltd.⁽²⁾
American depositary shares	04/30/2026		S		100	D	$0.398	3,110,911	I	By Light Stream Holdings Ltd.
American depositary shares	04/30/2026		S		100	D	$0.398	3,110,811	I	By Light Stream Holdings Ltd.
American depositary shares	04/30/2026		S		100	D	$0.379	3,110,711	I	By Light Stream Holdings Ltd.
American depositary shares	04/30/2026		S		100	D	$0.378	3,110,611	I	By Light Stream Holdings Ltd.
American depositary shares	04/30/2026		S		100	D	$0.378	3,110,511	I	By Light Stream Holdings Ltd.
American depositary shares	04/30/2026		S		40	D	$0.348	3,110,471	I	By Light Stream Holdings Ltd.
American depositary shares	04/30/2026		S		60	D	$0.398	3,110,411	I	By Light Stream Holdings Ltd.
American depositary shares	04/30/2026		S		50	D	$0.358	3,110,361	I	By Light Stream Holdings Ltd.
American depositary shares	04/30/2026		S		450	D	$0.398	3,109,911	I	By Light Stream Holdings Ltd.
American depositary shares	04/30/2026		S		56	D	$0.362	3,109,855	I	By Light Stream Holdings Ltd.
American depositary shares	04/30/2026		S		238	D	$0.398	3,109,617	I	By Light Stream Holdings Ltd.
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	05/04/2026
	** 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?

The filing shows Light Stream Holdings Ltd., an entity associated with Jinxin Technology’s CFO/COO Jiang Jun Jason, sold 1,494 American depositary shares of NAMI in multiple open-market trades on April 30, while retaining a large remaining ADS position.

How many NAMI American depositary shares were sold and at what prices?

Light Stream Holdings Ltd. sold a total of 1,494 NAMI American depositary shares in several open-market transactions on April 30, at per-share prices ranging from $0.348 to $0.398, according to the Form 4 transaction detail lines.

How many NAMI American depositary shares does the reporting entity still hold?

After the reported sales, Light Stream Holdings Ltd. is shown holding 3,110,911 American depositary shares of NAMI indirectly, plus 2 ordinary shares. These figures reflect the position reported following the April 30 transactions in the Form 4.

What is the relationship between Light Stream Holdings Ltd. and Jiang Jun Jason?

The footnotes state that Light Stream Holdings Ltd. is a British Virgin Islands company wholly-owned by Jun Jiang (Jiang Jun Jason). The Form 4 therefore reports the NAMI share transactions as indirect holdings and trades through this wholly-owned entity.

Were the NAMI shares sold directly by the CFO/COO or through an entity?

The Form 4 indicates the NAMI American depositary shares were held and sold indirectly, with ownership reported as “By Light Stream Holdings Ltd.”, a wholly-owned company of Jun Jiang. Transactions are therefore attributed to this entity associated with the executive.