NIP Group president entity sells 353K Class B1 shares
NIP Group Inc. director and president Liwei Sun, through xiaOt Sun Holdings Limited, completed an open-market sale of 353,624 Class B1 ordinary shares at $1.25 per share.
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Rhea-AI Filing Summary
NIP Group Inc. director and president Liwei Sun, through xiaOt Sun Holdings Limited, completed an open-market sale of 353,624 Class B1 ordinary shares at $1.25 per share. Following the transaction, the indirect holding stands at 18,095,424 Class B1 ordinary shares.
Each Class B1 and Class B2 ordinary share carries 20 votes and is convertible into one Class A ordinary share, while Class A shares carry one vote and are not convertible into Class B shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B1 ordinary share | 353,624 | $1.25 | $442K |
Footnotes (2)
- F1. The authorized share capital of NIP Group Inc. consists of Class A ordinary shares, Class B1 ordinary shares and Class B2 ordinary shares. Each holder of Class A ordinary shares is entitled to one vote per share, while each holder of Class B1 ordinary shares and Class B2 ordinary shares is entitled to 20 votes per share, subject to the approval conditions for ordinary resolutions, the Weighted Voting Right and certain restrictions. Each Class B1 ordinary share and Class B2 ordinary share is convertible into one Class A ordinary share at any time at the option of the holder thereof, while Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.
- F2. xiaOt Sun Holdings Limited is a limited liability company established in the British Virgin Islands wholly owned by Liwei Sun.
Key Figures
Key Terms
Weighted Voting Right financial
indirect ownership financial
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