[144] X Financial American SEC Filing

Rhea-AI Filing Summary

X Financial (XYF) filing a Form 144 notifies the proposed sale of 83,333 ADS with an aggregate market value of $1,310,828.00. The sale is to be executed on 09/05/2025 on the NYSE through TIGER BROKERS (NZ) LIMITED. The securities were acquired on 09/05/2025 via an employee stock option exercise and paid for by option cost. The filer reports no securities sold in the past three months and includes the standard representation that they are not aware of undisclosed material adverse information about the issuer.

Positive

• Compliance with Rule 144: The filer submitted a timely Form 144 providing required details of the proposed sale
• Transaction transparency: The filing specifies the broker, exchange, sale date, and that the shares were acquired via an employee stock option exercise

Negative

• Insider sale: The filing notifies the market of a planned sale of 83,333 ADS, which may be viewed negatively by some investors

Insights

Securities Analyst

TL;DR: Insider sale notice for 83,333 ADS executed after an employee option exercise; routine disclosure under Rule 144.

The Form 144 documents a proposed sale of ADS resulting from an employee stock option exercise on the same date, routed through TIGER BROKERS (NZ) LIMITED for execution on the NYSE. The filer indicates no other sales in the prior three months and makes the required representation regarding material nonpublic information. This is a standard compliance filing that notifies the market of a planned disposition by an insider or person included under Rule 144.

Corporate Governance Specialist

TL;DR: The notice reflects routine insider liquidity following option exercise; no additional governance concerns disclosed.

The filing specifies the mechanics of the transaction: acquisition by employee stock option exercise and sale via a named broker. The form includes the statutory attestation about absence of undisclosed material adverse information. There are no disclosures of recent sales in the past three months and no remarks indicating disputes or unusual arrangements. From a governance perspective, the document meets Rule 144 notification requirements without flagging extraordinary issues.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
ADS	TIGER BROKERS (NZ) LIMITED Level 27/ 151 Queen Street Auckland CBD Auckland Q2 1010	83333	1310828.00	42209393	09/05/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
ADS	09/05/2025	Employee Stock Option Exercise	X Financial			83333	09/05/2025	Option Cost

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What securities are being sold in the Form 144 for XYF?

The filing reports a proposed sale of 83,333 ADS of X Financial.

When is the XYF sale scheduled to occur?

The Form 144 lists the approximate date of sale as 09/05/2025.

Through which broker and exchange will the XYF ADS be sold?

The sale is to be executed through TIGER BROKERS (NZ) LIMITED on the NYSE.

How were the ADS being sold acquired according to the filing?

The securities were acquired on 09/05/2025 by an employee stock option exercise and payment was by option cost.

Does the filer report any other sales of XYF securities in the past three months?

The filing states Nothing to Report for securities sold during the past three months.