Sound Group director sells 1,001 ADSs in open market

Sound Group Inc. director Zhang Ming reported selling 1,001 American Depositary Shares (ADSs) of the company in open-market transactions.

Rhea-AI Filing Summary

Sound Group Inc. director Zhang Ming reported selling 1,001 American Depositary Shares (ADSs) of the company in open-market transactions. The sales occurred on April 2, 2026 at prices of $16.88 and $15.05 per ADS. Each ADS represents 200 Class A ordinary shares of Sound Group Inc.

Insights

Insider transactions analyst

Director executes a modest open-market sale of ADSs, a routine net-sell event.

Director Zhang Ming sold a total of 1,001 American Depositary Shares of Sound Group Inc. in open-market trades on April 2, 2026. Reported prices were $16.88 and $15.05 per ADS, indicating ordinary market transactions rather than compensation-related activity.

The filing shows only non-derivative ADS transactions and an empty derivative position list, so this event reflects straightforward share sales rather than option exercises or complex restructurings. The scale appears modest for a director-level insider, suggesting a routine liquidity move rather than a transformational change in ownership.

Because there is no reference to a Rule 10b5-1 trading plan or other special arrangements in the provided footnotes, these sales look like standard discretionary trades. Subsequent company filings may give additional context on any broader changes in insider ownership trends, but this single report by itself appears neutral.

Insider Trade Summary

Net Seller: 1,001 shares

Net Sell 2 txns

Insider Zhang Ming

Role Director

Sold 1,001 shs ($17K)

Type	Security	Shares	Price	Value
Sale	American Depositary Share	1,000	$16.88	$17K
Sale	American Depositary Share	1	$15.05	$15.05

Holdings After Transaction: American Depositary Share — 24,798 shares (Direct)

Footnotes (1)

1. F1. Each American depositary share ("ADS") represents two hundred Class A ordinary shares, par value US$0.0001 per share, of the Issuer.

Key Figures

ADSs sold at $16.88: 1,000 ADSs at $16.88 ADSs sold at $15.05: 1 ADS at $15.05 Total ADSs sold: 1,001 ADSs +1 more

4 metrics

ADSs sold at $16.88 1,000 ADSs at $16.88 Open-market sale on April 2, 2026

ADSs sold at $15.05 1 ADS at $15.05 Open-market sale on April 2, 2026

Total ADSs sold 1,001 ADSs Net insider sales reported in Form 4

ADS to ordinary share ratio 1 ADS = 200 Class A shares Instrument structure per footnote

Key Terms

American Depositary Share, open-market sale, non-derivative, Class A ordinary shares

4 terms

American Depositary Share financial

"Each American depositary share ("ADS") represents two hundred Class A ordinary shares"

An American Depositary Share (ADS) is a U.S.-listed certificate that represents a specified number of shares in a foreign company, held by a custodian bank; it works like a receipt that allows U.S. investors to buy and trade foreign equity on American exchanges without dealing with another country’s markets. Investors care because ADSs make foreign stocks easier to access, improve liquidity and settlement in dollars, and can affect dividend payments, voting rights and regulatory oversight compared with buying the underlying foreign shares directly.

open-market sale financial

"transaction_action: "open-market sale""

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.

non-derivative financial

"transaction_type: "non-derivative""

Class A ordinary shares financial

"two hundred Class A ordinary shares, par value US$0.0001 per share"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Zhang Ming report at Sound Group Inc. (SOGP)?

Zhang Ming reported selling 1,001 American Depositary Shares of Sound Group Inc. in open-market transactions. The trades occurred on April 2, 2026, and are classified as non-derivative sales, meaning they involved existing ADS holdings rather than option exercises or other derivatives.

At what prices did Zhang Ming sell Sound Group Inc. (SOGP) ADSs?

The reported sales were executed at $16.88 and $15.05 per American Depositary Share. These prices reflect open-market transaction levels on April 2, 2026, and show that the sales were split across at least two trades at different market prices that day.

How many Sound Group Inc. (SOGP) ADSs did Zhang Ming sell in total?

Zhang Ming sold a total of 1,001 American Depositary Shares of Sound Group Inc. The Form 4 transaction summary classifies all of these as net sale activity, with two separate trade lines adding up to the overall 1,001 ADS disposition reported.

What does each Sound Group Inc. (SOGP) ADS represent in underlying shares?

Each Sound Group Inc. American Depositary Share represents 200 Class A ordinary shares, according to the footnote. ADSs allow investors to hold an interest in the company’s underlying ordinary shares through a U.S.-listed instrument rather than directly holding the foreign ordinary shares.

Were Zhang Ming’s Sound Group Inc. (SOGP) trades open-market sales or derivative exercises?

The filing classifies the transactions as non-derivative open-market sales with the code “S.” There are no derivative transactions or option exercises listed, and the derivative holdings summary is empty, indicating these trades involved direct ADS positions only.

Does the Form 4 show any remaining derivative positions for Zhang Ming in SOGP?

The derivative holdings section in the filing is empty, indicating no reported options, warrants, or other derivative securities. This suggests the disclosed activity relates solely to direct ADS share ownership and sales, without any simultaneous derivative exercises or conversions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/06/2026 - 06:16 AM Learn about SEC filing dates

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^*

Zhang Ming

(Last) (First) (Middle)

108 ROBINSON ROAD

(Street)

SINGAPORE 068900

(City) (State) (Zip)

SINGAPORE

(Country)

2. Issuer Name and Ticker or Trading Symbol
Sound Group Inc. [ SOGP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026

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)
			Code	V	Amount	(A) or (D)	Price
American Depositary Share(1)	04/02/2026		S		1,000	D	$16.88	23,798	D
American Depositary Share(1)	04/02/2026		S		1	D	$15.05	24,798	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each American depositary share ("ADS") represents two hundred Class A ordinary shares, par value US$0.0001 per share, of the Issuer.

	/s/ Ming Zhang	04/06/2026
	** 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)