Sound Group (NASDAQ: SOGP) CEO files Form 3 showing large indirect stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Sound Group Inc. director and CEO Lai Jinnan (Marco) filed an initial ownership report showing indirect stakes in the company. Through Voice Future Ltd, he is reported as indirectly holding 47,300 American Depositary Shares and 184,215,000 Class B ordinary shares. A footnote explains that each ADS represents 200 Class A ordinary shares and that Voice Future Ltd is ultimately connected to a trust established by Mr. Lai as settlor.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lai Jinnan (Marco)
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | American Depositary Share | -- | -- | -- |
| holding | Class B Ordinary Share | -- | -- | -- |
Holdings After Transaction:
American Depositary Share — 47,300 shares (Indirect, By Voice Future Ltd);
Class B Ordinary Share — 184,215,000 shares (Indirect, By Voice Future Ltd)
Footnotes (1)
- Each American depositary share ("ADS") represents two hundred Class A ordinary shares, par value US$0.0001 per share, of the Issuer. Voice Future Ltd is 5% owned by VOICE WORLD Ltd, an entity controlled by Mr. Jinnan Lai, and 95% owned by Voice Home Ltd. The entire interest of Voice Home Ltd is held by TMF (Cayman) Ltd. as trustee for a trust established by Mr. Jinnan Lai as settlor for the benefit of beneficiaries designated by Mr. Jinnan Lai.
FAQ
What does Sound Group Inc. (SOGP) Form 3 for Lai Jinnan disclose?
The Form 3 discloses initial beneficial ownership for CEO and director Lai Jinnan (Marco). It reports indirect holdings in 47,300 American Depositary Shares and 184,215,000 Class B ordinary shares of Sound Group Inc. through Voice Future Ltd.
How many ADSs does CEO Lai Jinnan indirectly hold in Sound Group Inc.?
The filing shows an indirect holding of 47,300 American Depositary Shares of Sound Group Inc. These ADSs are held through Voice Future Ltd and each ADS represents 200 Class A ordinary shares according to the footnote.
What does each ADS of Sound Group Inc. represent in the Form 3?
The Form 3 notes that each American Depositary Share of Sound Group Inc. represents 200 Class A ordinary shares with a par value of US$0.0001 per share, clarifying the relationship between ADSs and the underlying equity.