ATRenew CEO exercises options into ADS stake
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Form Type
4
Rhea-AI Filing Summary
ATRenew Inc.’s Chief Executive Officer Kerry Xuefeng Chen exercised options and restricted share units into Class A ordinary shares on March 25, 2026, then received 8,423,097 American depositary shares as a result of these derivative exercises and vesting events.
Following these transactions, he directly holds 9,134,518 ADS. He also indirectly holds 11,287,336 Class C ordinary shares through C&XF Group Limited, which is wholly owned by him. The filing reports 5,615,398 derivative shares exercised in total and shows no open-market sales.
Insider Trade Summary
5,615,398 shares exercised/converted
Exercise
16 txns
Insider
Chen Kerry Xuefeng
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options (Right to Buy) | 407,200 | $0.00 | $0.00 |
| Exercise | Options (Right to Buy) | 19,844 | $0.00 | $0.00 |
| Exercise | Options (Right to Buy) | 15,314 | $0.00 | $0.00 |
| Exercise | Options (Right to Buy) | 75,931 | $0.00 | $0.00 |
| Exercise | Options (Right to Buy) | 26,521 | $0.00 | $0.00 |
| Exercise | Options (Right to Buy) | 4,793 | $0.00 | $0.00 |
| Exercise | Options (Right to Buy) | 70,650 | $0.00 | $0.00 |
| Exercise | Options (Right to Buy) | 64,291 | $0.00 | $0.00 |
| Exercise | Options (Right to Buy) | 1,725,746 | $0.00 | $0.00 |
| Exercise | Restricted share units | 2,964,091 | $0.00 | $0.00 |
| Exercise | Options (Right to Buy) | 179,030 | $0.00 | $0.00 |
| Exercise | Options (Right to Buy) | 1,378 | $0.00 | $0.00 |
| Exercise | Options (Right to Buy) | 7,276 | $0.00 | $0.00 |
| Exercise | Options (Right to Buy) | 53,333 | $0.00 | $0.00 |
| Exercise | American depositary shares | 8,423,097 | $0.00 | $0.00 |
| holding | Class C ordinary shares | -- | -- | -- |
Holdings After Transaction:
Options (Right to Buy) — 0 contracts (Direct);
Restricted share units — 0 contracts (Direct);
American depositary shares — 9,134,518 shares (Direct);
Class C ordinary shares — 11,287,336 shares (Indirect, By C&XF Group Limited)
Footnotes (13)
- F1. Represents American depositary shares acquired through the exercise of options and the vesting of restricted share units. Every three American depositary shares ("ADS") represent two Class A ordinary shares, par value US$0.001 per share.
- F2. Shares held of record by C&XF Group Limited, which is wholly owned by the reporting person.
- F3. Represents options to purchase 407,200 Class A ordinary shares granted on January 1, 2017. The options vest in equal installments of 1/4 of the options on the January 1 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
- F4. Represents options to purchase 19,844 Class A ordinary shares granted on July 1, 2018. The options vest in equal installments of 1/4 of the options on the July 1 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
- F5. Represents options to purchase 15,314 Class A ordinary shares granted on January 1, 2019. The options vest in equal installments of 1/4 of the options on the January 1 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
- F6. Represents options to purchase 75,931 Class A ordinary shares granted on January 1, 2019. The options vest in equal installments of 1/4 of the options on the January 1 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
- F7. Represents options to purchase 26,521 Class A ordinary shares granted on September 1, 2016. The options vest in equal installments of 1/4 of the options on the September 1 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
- F8. Represents options to purchase 4,793 Class A ordinary shares granted on October 4, 2016. The options vest in equal installments of 1/4 of the options on the October 4 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
- F9. Represents options to purchase 70,650 Class A ordinary shares granted on July 31, 2019. The options vest in equal installments of 1/4 of the options on the July 31 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
- F10. Represents options to purchase 64,291 Class A ordinary shares granted on January 1, 2021. The options vest in equal installments of 1/4 of the options on the January 1 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
- F11. Represents options to purchase 1,725,746 Class A ordinary shares granted on January 1, 2021. The options vest in equal installments of 1/4 of the options on the January 1 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
- F12. Each restricted share unit represents the contingent right to receive one (1) Class A ordinary shares of the Issuer upon vesting.
- F13. Represents options to purchase 179,030 Class A ordinary shares granted on January 1, 2022. The options vest in equal installments of 1/4 of the options on the January 1 of each year thereafter over the next 4 years, subject to the reporting person's continued service through the applicable vesting date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ATRenew (RERE) report for CEO Kerry Xuefeng Chen?
ATRenew reported that CEO Kerry Xuefeng Chen exercised options and restricted share units into shares. These derivative exercises and vesting events were then settled in American depositary shares, increasing his direct ADS stake without any reported open-market share sales.
What derivative securities did the ATRenew (RERE) CEO exercise in this filing?
The CEO exercised options and restricted share units covering 5,615,398 derivative shares in total. These included multiple option grants with a conversion price of $0.10 per Class A ordinary share and a large block of restricted share units converting one-for-one into Class A shares.
What does the ADS conversion ratio mean for ATRenew (RERE) investors?
Each ATRenew American depositary share represents two-thirds of a Class A ordinary share. The footnote specifies that three ADS equal two Class A ordinary shares, which helps investors understand how ADS counts relate to the underlying share capital of the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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