Cloopen Group (RAASY) CFO discloses 2.8M indirect Class A share stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Cloopen Group Holding Ltd executive Li Yipeng, the Chief Financial Officer, has filed an initial statement of beneficial ownership. The Form 3 shows indirect beneficial ownership of 2,800,000 Class A Ordinary Shares as of February 8, 2021.
These shares are held by Flawless Success Limited, which acts as a nominee for an employee trust holding shares for the benefit of grantees under Cloopen’s share incentive plans. This filing records existing holdings and does not report any new share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Li Yipeng
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class A Ordinary Shares — 2,800,000 shares (Indirect, See Footnote)
Footnotes (1)
- [object Object]
FAQ
What does Li Yipeng’s Form 3 filing for Cloopen Group (RAASY) show?
The Form 3 shows indirect beneficial ownership of 2,800,000 Class A Ordinary Shares. These shares are attributed to Chief Financial Officer Li Yipeng as of February 8, 2021, and are held through a nominee entity linked to an employee share incentive trust.
What is the role of Flawless Success Limited in the Cloopen (RAASY) Form 3?
Flawless Success Limited acts as a nominee for an employee share trust. It holds 2,800,000 Class A Ordinary Shares for the benefit of participants in Cloopen’s share incentive plans, and these shares are reported as indirectly beneficially owned by CFO Li Yipeng.
Does this Cloopen Group (RAASY) Form 3 involve derivative securities or options?
No derivative securities or options are listed in this Form 3. The filing only reports indirect beneficial ownership of 2,800,000 Class A Ordinary Shares, with no separate derivative positions disclosed for Chief Financial Officer Li Yipeng.