UTime (WTO) director awarded 200,000 RSUs in stock grant

Rhea-AI Filing Summary

UTime Ltd director Bao Minfei reported an equity award of 200,000 Class A Ordinary Shares on April 29, 2026. The shares were granted at a price of $0.0000 per share as restricted stock units that vest immediately, with each RSU converting into one Class A share.

After this grant, Bao Minfei beneficially owns 200,036 Class A Ordinary Shares, including 36 shares held through Gransky Phoenix Limited, an entity wholly owned by him. This is a compensation-related acquisition, not an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bao Minfei

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Ordinary Shares	200,000	$0.00	--

Holdings After Transaction: Class A Ordinary Shares — 200,036 shares (Direct, null)

Footnotes (1)

1. On April 29, 2026, the Reporting Person was awarded 200,000 restricted stock units ("RSUs"), which RSUs vest immediately following the date of grant. Each RSU represents the right to receive one UTime Class A ordinary share. Consists of 200,000 shares are beneficially owned by the Reporting Person and 36 shares beneficially owned by Gransky Phoenix Limited, an entity wholly owned by the Reporting Person.

Key Figures

RSU grant size: 200,000 shares Grant price: $0.0000 per share Total shares after grant: 200,036 shares +3 more

6 metrics

RSU grant size 200,000 shares Restricted stock units awarded on April 29, 2026

Grant price $0.0000 per share Price per share for the RSU award

Total shares after grant 200,036 shares Beneficial ownership following the transaction

Indirectly held shares 36 shares Held by Gransky Phoenix Limited, wholly owned by Bao Minfei

Transaction code A Grant, award, or other acquisition of non-derivative security

Transaction direction acquire Compensation-related acquisition, not an open-market trade

Key Terms

restricted stock units ("RSUs"), beneficially owned, Class A Ordinary Shares

3 terms

restricted stock units ("RSUs") financial

"the Reporting Person was awarded 200,000 restricted stock units ("RSUs"), which RSUs vest immediately"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

beneficially owned financial

"Consists of 200,000 shares are beneficially owned by the Reporting Person and 36 shares beneficially owned"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Class A Ordinary Shares financial

"Each RSU represents the right to receive one UTime 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Bao Minfei

(Last) (First) (Middle)

7TH FLOOR BUILDING 5A

SHENZEN SOFTWARE INDUSTRY BASE

(Street)

NANSHEN SHENZEN 518061

(City) (State) (Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
UTime Ltd [ WTO ]

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)
04/29/2026

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
Class A Ordinary Shares	04/29/2026		A		200,000(1)	A	$0.00	200,036(2)	D(2)

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. On April 29, 2026, the Reporting Person was awarded 200,000 restricted stock units ("RSUs"), which RSUs vest immediately following the date of grant. Each RSU represents the right to receive one UTime Class A ordinary share.

2. Consists of 200,000 shares are beneficially owned by the Reporting Person and 36 shares beneficially owned by Gransky Phoenix Limited, an entity wholly owned by the Reporting Person.

	/s/ Minfei Bao	05/28/2026
	** 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 UTime Ltd (WTO) report for Bao Minfei?

UTime Ltd reported an equity grant to director Bao Minfei. He received 200,000 restricted stock units of Class A Ordinary Shares on April 29, 2026, as compensation, rather than buying or selling shares in the open market.

How many UTime (WTO) shares did Bao Minfei receive in this Form 4 filing?

Bao Minfei was awarded 200,000 Class A Ordinary Shares-equivalent RSUs. Each restricted stock unit represents one UTime Class A Ordinary Share, and the RSUs vest immediately following the grant date, making the full 200,000 shares effectively issued to him at once.

At what price were the UTime Ltd (WTO) shares granted to Bao Minfei?

The 200,000 UTime Class A Ordinary Shares were granted at $0.0000 per share. This reflects a compensation award using restricted stock units, not an open-market purchase where the director paid cash for the stock.

How many UTime (WTO) shares does Bao Minfei own after this RSU grant?

After the grant, Bao Minfei beneficially owns 200,036 Class A Ordinary Shares. This total includes 200,000 shares from the new RSU award and 36 shares held through Gransky Phoenix Limited, an entity wholly owned by him.

Do the UTime Ltd (WTO) RSUs granted to Bao Minfei vest over time?

No, the 200,000 RSUs granted to Bao Minfei vest immediately. The filing states the restricted stock units vest right after the grant date, so they convert at once into 200,000 UTime Class A Ordinary Shares.