UP Fintech (TIGR) director LIU JIAN sells 9,333 ADS stake

Rhea-AI Filing Summary

UP Fintech Holding Ltd director LIU JIAN reported an open-market sale of American Depositary Shares (ADS). On June 25, 2026, he sold 9,333 ADS at $4.60 per ADS. After the sale, he directly holds 62,665 ADS. Each ADS represents 15 Class A Ordinary Shares. A footnote also notes 26,666 unvested restricted stock units granted on March 19, 2026, none of which had vested as of this Form 4.

Insider Trade Summary

Net Seller: 9,333 shares ($42,932)

Net Sell 1 txn

Insider LIU JIAN

Role null

Sold 9,333 shs ($43K)

Type	Security	Shares	Price	Value
Sale	American Depositary Shares	9,333	$4.60	$43K

Holdings After Transaction: American Depositary Shares — 62,665 shares (Direct, null)

Footnotes (1)

1. Each ADS represents 15 Class A Ordinary Shares of the Issuer. Includes: 26,666 unvested restricted stock units granted to the Reporting Person on March 19, 2026, none of which have vested as of the date of this Form 4.

Key Figures

Shares sold: 9,333 ADS Sale price: $4.60 per ADS Shares held after transaction: 62,665 ADS +2 more

5 metrics

Shares sold 9,333 ADS Open-market sale on June 25, 2026

Sale price $4.60 per ADS Open-market sale on June 25, 2026

Shares held after transaction 62,665 ADS Direct holdings after sale

ADS to ordinary share ratio 1 ADS = 15 Class A Ordinary Shares Equity structure from footnote

Unvested RSUs 26,666 RSUs Granted March 19, 2026; none vested as of Form 4

Key Terms

American Depositary Shares, restricted stock units, Class A Ordinary Shares, open-market sale

4 terms

American Depositary Shares financial

"On June 25, 2026, he sold 9,333 American Depositary Shares at $4.60 per ADS."

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 stock units financial

"A footnote also notes 26,666 unvested restricted stock units granted on March 19, 2026."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Class A Ordinary Shares financial

"Each ADS represents 15 Class A Ordinary Shares."

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.

open-market sale financial

"he sold 9,333 ADS at $4.60 per ADS in an 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.

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Form 4 Insider Transactions: What Each Field Means →

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

LIU JIAN

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

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)	06/25/2026		S		9,333	D	$4.6	62,665(2)	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 ADS represents 15 Class A Ordinary Shares of the Issuer.

2. Includes: 26,666 unvested restricted stock units granted to the Reporting Person on March 19, 2026, none of which have vested as of the date of this Form 4.

	/s/Jian Liu	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) disclose for LIU JIAN?

UP Fintech disclosed that director LIU JIAN executed an open-market sale of 9,333 American Depositary Shares on June 25, 2026 at $4.60 per ADS. The filing shows this as a sale transaction under code S.

How many UP Fintech (TIGR) ADS does LIU JIAN hold after the reported sale?

Following the sale, LIU JIAN directly holds 62,665 American Depositary Shares of UP Fintech. This post-transaction figure is reported in the Form 4 and reflects his direct ownership position after selling 9,333 ADS in the open market.

What price did LIU JIAN receive per UP Fintech (TIGR) ADS in the sale?

The Form 4 states that LIU JIAN sold 9,333 ADS at $4.60 per share. This price represents the transaction value per American Depositary Share in the reported open-market sale on June 25, 2026, under transaction code S.

What does each UP Fintech (TIGR) ADS represent in terms of ordinary shares?

A footnote explains that each UP Fintech ADS represents 15 Class A Ordinary Shares. This means the 62,665 ADS held after the transaction correspond to a larger number of underlying Class A shares, using the fixed 15-to-1 ADS conversion ratio disclosed.

Does LIU JIAN have unvested UP Fintech (TIGR) equity awards outstanding?

Yes. A footnote states there are 26,666 unvested restricted stock units granted to LIU JIAN on March 19, 2026. None of these RSUs had vested as of the Form 4 date, so they represent additional potential future equity, not current shares.

Was the UP Fintech (TIGR) transaction by LIU JIAN a purchase or a sale?

The Form 4 identifies the transaction as an open-market sale. It uses transaction code S and describes the action as an “open-market sale”, with 9,333 American Depositary Shares sold at $4.60 per ADS on June 25, 2026.