UP Fintech (NASDAQ: TIGR) grants 80,000 ADSs in RSU award

Rhea-AI Filing Summary

Dong Ming reported acquisition or exercise transactions in this Form 4 filing.

UP Fintech Holding Ltd disclosed that key personnel member Dong Ming received a grant of 80,000 American Depositary Shares (ADSs) on May 1, 2026, issued at no cash cost as part of an equity award. The grant represents 1,200,000 restricted share units (RSUs), with each RSU delivering one Class A Ordinary Share and each ADS representing 15 Class A Ordinary Shares. The RSUs vest in four equal tranches of 300,000 RSUs on May 1 of 2027, 2028, 2029 and 2030, subject to continued employment or service. After this award, Dong Ming holds 154,989 ADSs directly, including the unvested 80,000 ADSs, and an additional 2,060,999 ADSs plus 5 Class A Ordinary Shares indirectly through Juvenamster Capital Holding Limited.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Dong Ming

Role Key Personnel

Type	Security	Shares	Price	Value
Grant/Award	American Depositary Shares	80,000	$0.00	--
holding	American Depositary Shares	--	--	--
holding	Class A Ordinary Shares	--	--	--

Holdings After Transaction: American Depositary Shares — 154,989 shares (Direct, null); American Depositary Shares — 2,060,999 shares (Indirect, By Juvenamster Capital Holding Limited); Class A Ordinary Shares — 5 shares (Indirect, By Juvenamster Capital Holding Limited)

Footnotes (1)

1. Represents 80,000 American Depositary Shares ("ADSs") issuable upon vesting of 1,200,000 restricted share units ("RSUs") granted to the Reporting Person on May 1, 2026. Each RSU represents the right to receive one Class A Ordinary Share of the Issuer upon vesting(1:1 ratio), and each ADS represents 15 Class A Ordinary Shares of the Issuer. The RSUs settle exclusively in Class A Ordinary Shares; no cash settlement alternative exists. The RSUs vest as follows, subject to continued employment or service through each applicable vesting date: 300,000 RSUs on each of May 1, 2027, May 1, 2028, May 1, 2029 and May 1, 2030. Includes the 80,000 ADSs referenced in footnote (1), none of which have vested as of the date of this Form 4.

Key Figures

ADSs granted: 80,000 ADSs RSUs granted: 1,200,000 RSUs Vesting tranches: 300,000 RSUs each year +4 more

7 metrics

ADSs granted 80,000 ADSs Equity award to Dong Ming on May 1, 2026

RSUs granted 1,200,000 RSUs Underlying Class A Ordinary Shares for the ADS award

Vesting tranches 300,000 RSUs each year Vest on May 1 of 2027, 2028, 2029, 2030

Direct ADS holdings 154,989 ADSs Total ADSs directly held by Dong Ming after grant

Indirect ADS holdings 2,060,999 ADSs Held indirectly via Juvenamster Capital Holding Limited

Indirect Class A shares 5 shares Class A Ordinary Shares held via Juvenamster Capital Holding Limited

Grant price $0.00 per ADS Reported transaction price for the awarded ADSs

Key Terms

American Depositary Shares, restricted share units, vest, indirect, +1 more

5 terms

American Depositary Shares financial

"Represents 80,000 American Depositary Shares ("ADSs") issuable upon vesting"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

restricted share units financial

"issuable upon vesting of 1,200,000 restricted share units ("RSUs") granted"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

vest financial

"The RSUs vest as follows, subject to continued employment or service"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

indirect financial

"total_shares_following_transaction ... ownership_type": "indirect""

Class A Ordinary Shares financial

"Each RSU represents the right to receive one Class A Ordinary 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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 06:03 AM Accepted by SEC EDGAR 06/29/2026 - 06:01 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^*

Dong Ming

(Last) (First) (Middle)

NO. 16 TAIYANGGONG MIDDLE ROAD

(Street)

BEIJING 100020

(City) (State) (Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
UP Fintech Holding Ltd [ TIGR ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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 Shares(1)	05/01/2026		A		80,000	A	$0	154,989(2)	D
American Depositary Shares								2,060,999	I	By Juvenamster Capital Holding Limited
Class A Ordinary Shares								5	I	By Juvenamster Capital Holding Limited

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. Represents 80,000 American Depositary Shares ("ADSs") issuable upon vesting of 1,200,000 restricted share units ("RSUs") granted to the Reporting Person on May 1, 2026. Each RSU represents the right to receive one Class A Ordinary Share of the Issuer upon vesting(1:1 ratio), and each ADS represents 15 Class A Ordinary Shares of the Issuer. The RSUs settle exclusively in Class A Ordinary Shares; no cash settlement alternative exists. The RSUs vest as follows, subject to continued employment or service through each applicable vesting date: 300,000 RSUs on each of May 1, 2027, May 1, 2028, May 1, 2029 and May 1, 2030.

2. Includes the 80,000 ADSs referenced in footnote (1), none of which have vested as of the date of this Form 4.

	/s/Ming Dong	06/29/2026
	** 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)

FAQ

What insider transaction did UP Fintech (TIGR) report for Dong Ming?

UP Fintech reported that key personnel member Dong Ming received a grant of 80,000 American Depositary Shares as an equity award. These ADSs come from 1,200,000 restricted share units that settle in Class A Ordinary Shares of the company.

How do the 1,200,000 RSUs granted to Dong Ming at TIGR vest?

The 1,200,000 restricted share units granted to Dong Ming vest in four equal tranches of 300,000 RSUs. Vesting dates are May 1, 2027, May 1, 2028, May 1, 2029, and May 1, 2030, subject to continued employment or service.

What is the relationship between TIGR ADSs and Class A Ordinary Shares in this grant?

Each restricted share unit delivers one Class A Ordinary Share of UP Fintech, and each American Depositary Share represents 15 Class A Ordinary Shares. The 80,000 ADSs reported therefore correspond to 1,200,000 underlying Class A Ordinary Shares via the RSUs.

How many UP Fintech ADSs does Dong Ming hold after this Form 4 filing?

After the reported grant, Dong Ming holds 154,989 American Depositary Shares directly, including the unvested 80,000 ADSs from the RSU award. Indirectly, through Juvenamster Capital Holding Limited, there are 2,060,999 ADSs and 5 Class A Ordinary Shares reported.

Is the 80,000 ADS grant to Dong Ming at TIGR a cash purchase?

No, the 80,000 American Depositary Shares are issued at a price of $0.00 per share as part of a restricted share unit grant. The RSUs settle exclusively in Class A Ordinary Shares, with no cash settlement alternative described for this award.