Tuya CEO shifts 383 shares between A and B classes
CEO Xueji Wang reclassified small blocks of Tuya share classes to maintain his weighted voting rights after a company share cancellation.
Rhea-AI Filing Summary
Tuya Inc. (TUYA) reported that CEO and director Xueji Wang, through affiliated entities, reclassified small blocks of shares between Class A and Class B on April 24, 2026. These moves followed the company’s cancellation of 5,400 repurchased Class A ordinary shares and were made to keep his weighted voting rights proportionate under Hong Kong listing rules.
Through Trust TMF (Cayman) Ltd., 308 Class B ordinary shares were converted into 308 Class A ordinary shares, and through Tuya Group Inc., 75 Class B ordinary shares were converted into 75 Class A ordinary shares, all on a one-for-one basis. The transactions are reported as indirect ownership and represent internal restructuring rather than open-market buying or selling, with Mr. Wang’s total economic interest essentially preserved while adjusting his share-class mix.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock F1, F3 | 308 | $0.00 | $0.00 |
| Other | Class B Common Stock F1, F3 | 308 | $0.00 | $0.00 |
| Other | Class A Common Stock F2, F4 | 75 | $0.00 | $0.00 |
| Other | Class B Common Stock F2, F4 | 75 | $0.00 | $0.00 |
Footnotes (4)
- F1. On April 24, 2026, the Company canceled 5,400 repurchased Class A ordinary shares. As this cancellation reduced the total number of shares in issue, absent any corresponding adjustment, the proportion of shares carrying weighted voting rights (WVR) would have increased. Accordingly, in compliance with Rule 8A.15 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, Mr. Wang, as a WVR beneficiary, caused Tenet Group Limited to convert 308 Class B ordinary shares into Class A ordinary shares on a one-for-one basis, so as to reduce his weighted voting rights proportionately.
- F2. On April 24, 2026, the Company canceled 5,400 repurchased Class A ordinary shares. As this cancellation reduced the total number of shares in issue, absent any corresponding adjustment, the proportion of shares carrying weighted voting rights (WVR) would have increased. Accordingly, in compliance with Rule 8A.15 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, Mr. Wang, as a WVR beneficiary, caused Tuya Group Inc. to convert 75 Class B ordinary shares into Class A ordinary shares on a one-for-one basis, so as to reduce his weighted voting rights proportionately.
- F3. Represent shares held through a trust of which the settlor is the reporting person and the beneficiaries are the reporting person and Tuya Group Inc.
- F4. Represent shares held through Tuya Group Inc, a business company with limited liability incorporated under the laws of BVI wholly owned by the reporting person.
Key Figures
Key Terms
weighted voting rights (WVR) regulatory
Rule 8A.15 regulatory
indirect ownership financial
FAQ
What insider transactions did TUYA’s CEO report on April 24, 2026?
Were the TUYA insider transactions open-market buys or sells?
Was a Rule 10b5-1 trading plan used for these TUYA transactions?
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