What was the reported price per share for Li Yibing’s Top KingWin grant?

The Form 4 reports the grant of 27,027 Class A Ordinary Shares at $2.22 per share. This price is used for reporting purposes and reflects how the equity compensation was valued for this director award rather than a market purchase transaction.

What service period does Li Yibing’s Top KingWin share grant cover?

The footnote states that the 27,027 Class A Ordinary Shares were issued as compensation for the period from October 1, 2025 to March 31, 2026. This aligns the equity award with roughly six months of director service at Top KingWin Ltd.

Top KingWin (WAI) director receives 27,027-share equity compensation grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Li Yibing reported acquisition or exercise transactions in this Form 4 filing.

Top KingWin Ltd director Li Yibing received a grant of 27,027 Class A Ordinary Shares as equity compensation. The grant is recorded at a price of $2.22 per share and increased his directly held stake to 44,628 shares following the transaction.

According to the footnote, these shares were issued as part of his compensation for service from October 1, 2025 to March 31, 2026, under a director letter agreement dated October 10, 2024. The filing reflects a compensation-related award rather than an open-market share purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Li Yibing

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Ordinary Shares	27,027	$2.22	$60K

Holdings After Transaction: Class A Ordinary Shares — 44,628 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Shares granted: 27,027 shares Reported grant price: $2.22 per share Shares after transaction: 44,628 shares +2 more

5 metrics

Shares granted 27,027 shares Class A Ordinary Shares compensation grant

Reported grant price $2.22 per share Value used for 27,027-share award

Shares after transaction 44,628 shares Total Class A Ordinary Shares held directly after grant

Service period covered October 1, 2025 to March 31, 2026 Period for which the equity compensation was issued

Director agreement date October 10, 2024 Date of director letter agreement governing compensation

Key Terms

Class A Ordinary Shares, Grant, award, or other acquisition, director letter agreement

3 terms

Class A Ordinary Shares financial

"The Reporting Person was issued such class A ordinary shares of Top KingWin Ltd."

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.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

director letter agreement financial

"pursuant to his director letter agreement with the Company, dated October 10, 2024"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

06/18/2026 - 04:13 PM

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^*

Li Yibing

(Last)

(First)

(Middle)

BUILDING 35, UNIT 701, 23 JINZHONG ST.

WUJIAN COMPANY COMPREHENSIVE BUILDING

(Street)

SHENZHEN

518000

(City)

(State)

(Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Top KingWin Ltd [ WAI ]

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)
05/08/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Ordinary Shares	05/08/2026		A		27,027⁽¹⁾	A	$2.22	44,628	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The Reporting Person was issued such class A ordinary shares of Top KingWin Ltd. (the "Company"), as part of his compensation for the period from October 1, 2025 to March 31, 2026, pursuant to his director letter agreement with the Company, dated October 10, 2024.

	/s/ Yibing Li	06/18/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Top KingWin (WAI) report for Li Yibing?

Top KingWin reported that director Li Yibing received 27,027 Class A Ordinary Shares as compensation. The award was classified as a grant or other acquisition, not an open-market trade, and is tied to his service as a director over a defined period.

How many Top KingWin (WAI) shares does Li Yibing hold after this grant?

After the compensation grant, Li Yibing directly holds 44,628 Class A Ordinary Shares of Top KingWin. This total reflects the newly issued 27,027 shares added to his prior holdings, as disclosed in the Form 4 insider transaction report.

Was Li Yibing’s Top KingWin transaction a market purchase or compensation award?

The transaction is a compensation-related award, not a market purchase. It is coded as a grant or other acquisition, and the footnote explains the shares were issued as part of his director compensation under an existing letter agreement with Top KingWin.