Was the UTime (WTO) CEO’s share grant an open-market purchase?

No, the CEO’s 200,000-share increase came from a restricted stock unit award recorded with transaction code A. The Form 4 shows a price of $0.0000 per share, indicating a compensation-related grant rather than buying shares in the open market.

UTime CEO receives 200,000 RSUs grant

Qiu Hengcong reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 05/28/2026 - 05:30 PM EDT

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Form Type

Rhea-AI Filing Summary

Qiu Hengcong reported acquisition or exercise transactions in this Form 4 filing.

UTime Ltd reported that Chief Executive Officer Qiu Hengcong received an award of 200,000 Class A Ordinary Shares on April 29, 2026. These shares were granted as restricted stock units that vest immediately on the grant date. Following the award, Qiu directly holds 200,000 shares.

Insider Trade Summary

Grant/Award: 200,000 shares

Grant/Award 1 txn

Insider Qiu Hengcong

Role Chief Executive Officer

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

Holdings After Transaction: Class A Ordinary Shares — 200,000 shares (Direct)

Holdings Before and After: Class A Ordinary Shares, 0 to 200,000 shares (Direct)

Footnotes (1)

F1. 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.

Key Figures

RSUs granted: 200,000 shares Grant price: $0.0000 per share Shares owned after grant: 200,000 shares

3 metrics

RSUs granted 200,000 shares Restricted stock unit award on April 29, 2026

Grant price $0.0000 per share Reported transaction price per share for RSU award

Shares owned after grant 200,000 shares Total Class A Ordinary Shares directly owned post-transaction

Key Terms

restricted stock units, Class A Ordinary Shares, transaction code A

3 terms

restricted stock units financial

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

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 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.

transaction code A financial

"transaction_code": "A","transaction_code_description": "Grant, award, or other acquisition""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did UTime (WTO) report for its CEO?

UTime reported that CEO Qiu Hengcong received 200,000 Class A Ordinary Shares as a restricted stock unit grant. The RSUs vest immediately and increase his direct holdings to 200,000 shares, reflecting equity-based executive compensation rather than an open-market purchase.

How many UTime (WTO) shares did the CEO acquire in this Form 4?

The CEO acquired 200,000 Class A Ordinary Shares through a grant of restricted stock units. Each RSU equals one share, and the award vests immediately, bringing his directly owned share count to 200,000 after the transaction reported on April 29, 2026.

When do the CEO’s UTime (WTO) RSUs vest?

The 200,000 restricted stock units awarded to the CEO vest immediately following the April 29, 2026 grant date. Because vesting is immediate, the RSUs convert right away into 200,000 Class A Ordinary Shares directly owned by the reporting person.

What does each UTime (WTO) RSU represent in this filing?

Each restricted stock unit represents the right to receive one UTime Class A Ordinary Share. In this grant, 200,000 RSUs therefore correspond to 200,000 shares, which become owned by the CEO once the RSUs vest immediately after the grant date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Qiu Hengcong

(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
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

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)
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	04/29/2026		A		200,000⁽¹⁾	A	$0.00	200,000	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. 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.

	/s/ Hengcong Qiu	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)

Source: View Original Filing on SEC EDGAR