XCHG Ltd (XCH) President gains 4.16M shares as major RSU award vests

Rhea-AI Filing Summary

XCHG Ltd President Aatish Patel acquired 4,155,160 Class A Ordinary Shares on July 1, 2026 through the vesting and exercise of Restricted Stock Units. Following this transaction, he directly holds 10,387,960 Class A Ordinary Shares. Additional RSUs are scheduled to vest in three annual tranches through September 10, 2028, each convertible into one Class A Ordinary Share or equivalent cash/ADS value upon vesting.

Insights

Equity compensation analyst

Large RSU vesting boosts insider’s direct share ownership, with more awards scheduled.

The President of XCHG Ltd, Aatish Patel, exercised Restricted Stock Units on July 1, 2026, receiving 4,155,160 Class A Ordinary Shares at a stated conversion price of $0.00. This is a non-cash equity compensation event rather than an open-market purchase.

After this vesting, Patel holds 10,387,960 Class A Ordinary Shares directly. Footnote disclosures show a substantial remaining RSU pipeline: 5,194,000 units vesting on each of September 10, 2026 and September 10, 2027, and 5,193,960 units on September 10, 2028. Each RSU can settle in shares, cash, or ADSs, so future ownership levels will depend on settlement choices.

The filing does not show any same-day sales or tax-withholding dispositions, and derivativeSummary is empty, indicating no additional derivative positions visible here. Subsequent company filings can clarify how future RSU vesting and settlement affect the overall share count and the President’s stake over the 2026–2028 vesting schedule.

Insider Trade Summary

Net Buyer: 4,155,160 shares

Net Buy 2 txns

Insider Patel Aatish

Role President

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	4,155,160	$0.00	$0.00
Exercise	Class A Ordinary Shares	4,155,160	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 15,581,960 shares (Direct); Class A Ordinary Shares — 10,387,960 shares (Direct)

Footnotes (1)

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 continued service to the Issuer: 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 and exercised: 4,155,160 shares Shares held after transaction: 10,387,960 shares Future RSUs vesting 2026: 5,194,000 RSUs +3 more

6 metrics

RSUs vested and exercised 4,155,160 shares RSUs converting into Class A Ordinary Shares on July 1, 2026

Shares held after transaction 10,387,960 shares Direct Class A Ordinary Shares held by President after July 1, 2026

Future RSUs vesting 2026 5,194,000 RSUs Scheduled to vest on September 10, 2026

Future RSUs vesting 2027 5,194,000 RSUs Scheduled to vest on September 10, 2027

Future RSUs vesting 2028 5,193,960 RSUs Scheduled to vest on September 10, 2028

RSU conversion price $0.00 per share Stated transaction price for RSU exercise

Key Terms

Restricted Stock Units, Class A Ordinary Shares, ADSs, derivative exercise/conversion

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.

Class A Ordinary Shares financial

"Each RSU represents the contingent right to receive, following vesting, one of the Issuer's Class A Ordinary Shares."

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.

ADSs financial

"In lieu of Class A Ordinary Shares, the RSUs may be settled in an equivalent number of ADSs."

derivative exercise/conversion financial

"transaction_action: derivative exercise/conversion"

FAQ

What did XCHG Ltd President Aatish Patel report in this Form 4 for XCH?

He reported acquiring 4,155,160 Class A Ordinary Shares on July 1, 2026 via vesting and exercise of Restricted Stock Units. This increased his direct holdings to 10,387,960 shares, with no open-market buys or sells disclosed in this filing.

How many XCHG Ltd shares does Aatish Patel own after the July 1, 2026 RSU vesting?

After the transaction, he directly holds 10,387,960 Class A Ordinary Shares of XCHG Ltd. These shares reflect equity received through RSU vesting, rather than open-market purchases, as described in the Form 4 and its accompanying footnote.

How many Restricted Stock Units are still scheduled to vest for XCH President Aatish Patel?

He holds additional RSUs vesting in three tranches: 5,194,000 units on September 10, 2026, another 5,194,000 on September 10, 2027, and 5,193,960 on September 10, 2028. Each RSU can settle into one Class A Ordinary Share or equivalent value.

Is the XCH Form 4 for Aatish Patel an open-market share purchase or sale?

No, it reflects RSU vesting and derivative exercise, not market trades. The 4,155,160 shares were acquired at a stated conversion price of $0.00 per share as part of equity compensation, with no reported open-market buying or selling.

How are Aatish Patel’s RSUs in XCHG Ltd settled after vesting?

Each RSU gives a contingent right to receive one Class A Ordinary Share, equivalent cash value, or an equivalent number of ADSs after vesting. The footnote states the company may choose between share settlement, cash settlement, or ADSs for each vested RSU.

What is the total size of the July 1, 2026 RSU vesting for XCH President Aatish Patel?

The vesting covered 4,155,160 Restricted Stock Units, each converting into a Class A Ordinary Share. This large equity grant is part of his compensation structure and significantly increases his direct share ownership in XCHG Ltd without an open-market transaction.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 06:06 AM Accepted by SEC EDGAR 07/02/2026 - 06:02 AM Learn about SEC filing dates

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^*

Patel Aatish

(Last) (First) (Middle)

XCHARGE ENERGY USA INC.

19121 MARKETPLACE AVE, BLDG 2-STE 2-145

(Street)

KYLE TEXAS 78640

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
XCHG Ltd [ XCH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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	07/01/2026		M		4,155,160(1)	A	(1)	10,387,960	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	07/01/2026		M			4,155,160	(1)	(1)	Class A Ordinary Shares	4,155,160	(1)	15,581,960(1)	D

Explanation of Responses:

1. 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 continued service to the Issuer: 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.

Remarks:

The Power of Attorney given by Mr. Patel was previously filed with the U.S. Securities and Exchange Commission on March 18, 2026, as an exhibit to a statement on Form 3 filed by Mr. Patel with respect to XCHG Limited and is hereby incorporated by reference.

	/s/ Ran Li, attorney-in-fact for Aatish V. Patel	07/02/2026
	** 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)