XCHG updates Patel status, 10.4M-share holding
Amended Form 4 for XCH updates Aatish Patel’s officer status while leaving his previously reported RSU vesting and share holdings unchanged.
Rhea-AI Filing Summary
XCHG Ltd (XCH) filed an amended Form 4 for Aatish Patel that keeps the previously reported July 1, 2026 vesting of 4,155,160 Restricted Stock Units into an equal number of Class A Ordinary Shares, leaving him with 10,387,960 shares held directly. The amendment mainly notes that, effective September 7, 2026, Patel ceased serving as President and is no longer subject to Section 16, and that he will continue as General Manager of XCharge Energy USA Inc., a wholly owned subsidiary. The filing also states he continues to hold substantial unvested RSUs scheduled to vest through September 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,155,160 shares exercised/converted
Exercise
2 txns
Insider
Patel Aatish
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 4,155,160 | -- | -- |
| Exercise | Class A Ordinary Shares F1 | 4,155,160 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 15,581,960 contracts (Direct);
Class A Ordinary Shares — 10,387,960 shares (Direct)
Footnotes (1)
- F1. Represents the vesting of Restricted Stock Units ("RSUs") on July 1, 2026. The reporting person holds additional RSUs that will vest on the following schedule, subject to the Reporting Person's continued employment with the Issuer or its group member: 5,194,000 RSUs will vest on each of September 10, 2026 and September 10, 2027; and 5,193,960 RSUs will vest on September 10, 2028. Each RSU represents the contingent right to receive, following vesting, one of the Issuer's Class A Ordinary Shares, par value US$0.00001 per share (each, a "Class A Ordinary Share"), or the equivalent value of one Class A Ordinary Share in cash. In lieu of Class A Ordinary Shares, the RSUs may be settled in an equivalent number of ADSs.
Key Figures
RSUs vested on July 1, 2026: 4,155,160 units
Shares held after transaction: 10,387,960 shares
RSUs vesting September 10, 2026: 5,194,000 units
+3 more
6 metrics
RSUs vested on July 1, 2026
4,155,160 units
Restricted Stock Units that vested and converted into Class A Ordinary Shares on July 1, 2026
Shares held after transaction
10,387,960 shares
Class A Ordinary Shares held directly by Aatish Patel after the July 1, 2026 RSU vesting
RSUs vesting September 10, 2026
5,194,000 units
Unvested RSUs scheduled to vest on September 10, 2026, subject to continued employment
RSUs vesting September 10, 2027
5,194,000 units
Unvested RSUs scheduled to vest on September 10, 2027, subject to continued employment
RSUs vesting September 10, 2028
5,193,960 units
Unvested RSUs scheduled to vest on September 10, 2028, subject to continued employment
Effective date no longer subject to Section 16
September 7, 2026
Date on which Aatish Patel ceased serving as President and was no longer subject to Section 16
Key Terms
Restricted Stock Units, Class A Ordinary Shares, Section 16 of the Securities Exchange Act of 1934, ADSs
4 terms
Restricted Stock Units financial
"Represents the vesting of Restricted Stock Units ("RSUs") on July 1, 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.
Section 16 of the Securities Exchange Act of 1934 regulatory
"and is no longer subject to Section 16 of the Securities Exchange Act of 1934."
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
ADSs financial
"In lieu of Class A Ordinary Shares, the RSUs may be settled in an equivalent number of ADSs."
FAQ
What change does this Form 4/A report for XCH insider Aatish Patel?
It reports that, effective September 7, 2026, Aatish Patel ceased serving as President of XCHG Ltd and is no longer subject to Section 16. The amendment states that all previously reported transaction and ownership information remains unchanged.
What RSU vesting transaction did XCH disclose for Aatish Patel on July 1, 2026?
On July 1, 2026, 4,155,160 RSUs vested for Aatish Patel and were settled into 4,155,160 Class A Ordinary Shares. This is reported as an exercise or conversion of a derivative security and a corresponding acquisition of non-derivative shares.
What unvested RSUs does Aatish Patel still have according to the XCH Form 4/A?
He holds additional RSUs scheduled to vest as follows: 5,194,000 RSUs on September 10, 2026, 5,194,000 RSUs on September 10, 2027, and 5,193,960 RSUs on September 10, 2028, subject to continued employment with XCHG Ltd or its group member.
Does XCH indicate that Aatish Patel’s transactions were under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the July 1, 2026 RSU vesting occurred under a Rule 10b5-1 trading plan.
What role will Aatish Patel hold with XCH after stepping down as President?
After ceasing to serve as President on September 7, 2026, Aatish Patel will serve as the General Manager of XCharge Energy USA Inc., which is a wholly owned subsidiary of XCHG Ltd.
AI-generated analysis. How Rhea-AI works. Not financial advice.
