X Financial (NYSE: XYF) CEO Tang Yue discloses extensive Form 3 share holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
X Financial director and CEO Tang Yue (Justin) filed a Form 3 that lists his existing equity interests in the company. The filing shows direct holdings of Class A ordinary shares, including shares represented by ADS, and restricted stock units tied to Class A shares with a zero exercise price.
The document also details substantial indirect positions. One block includes 1,165,278 Class A ordinary shares in the form of 194,213 ADSs and 97,600,000 Class B ordinary shares held by Mangrove Coast Investment Limited, which is controlled by Mangrove Coast Trust where Yue Tang is the settlor and he and his family are beneficiaries. Another block comprises 4,068,241 Class A ordinary shares held by Purple Mountain Holding Ltd., an entity ultimately controlled by Yue Tang, who holds voting and dispositive power over those shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Tang Yue (Justin)
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted stock unit ("RSU") | -- | -- | -- |
| holding | RSU | -- | -- | -- |
| holding | Class A ordinary shares, including shares represented by ADS | -- | -- | -- |
| holding | Class A ordinary shares, including shares represented by ADS | -- | -- | -- |
| holding | Class B ordinary shares | -- | -- | -- |
| holding | Class A ordinary shares, including shares represented by ADS | -- | -- | -- |
Holdings After Transaction:
Restricted stock unit ("RSU") — 49,998 shares (Direct);
RSU — 50,004 shares (Direct);
Class A ordinary shares, including shares represented by ADS — 12,101,423 shares (Direct);
Class A ordinary shares, including shares represented by ADS — 1,165,278 shares (Indirect, Refer to Footnote);
Class B ordinary shares — 97,600,000 shares (Indirect, Refer to Footnote)
Footnotes (1)
- Represents 1,165,278 Class A ordinary shares in form of 194,213 ADSs and 97,600,000 Class B ordinary shares held by Mangrove Coast Investment Limited, a British Virgin Islands company controlled by Mangrove Coast Trust. The registered address of Mangrove Coast Investment Limited is Geneva Place, Waterfront Drive, P.O. Box 3469, Road Town, Tortola, British Virgin Islands. Mangrove Coast Trust is a trust established under the laws of Bahamas and managed by RHONE TRUSTEES (BAHAMAS) LTD. as the trustee. 1,165,278 Class A ordinary shares and 97,600,000 Class B indirectly held by Mangrove Coast Trust of which Yue Tang is the settlor of the trust and Yue Tang and his family members are the trust's beneficiaries. Represents 2,519,527 Class A ordinary shares and 1,548,714 Class A ordinary shares in the form of 258,119 ADSs held by Purple Mountain Holding Ltd. The registered address of Purple Mountain Holding Ltd. is at Ellen Skelton Building, 3076 Sir Francis Darke Highway, Road Reef, P.O. Box 765, Road Town, Tortola VG 1110, British Virgin Islands. 4,068,241 Class A ordinary shares directly held by Purple Mountain Holding Ltd. which is ultimately controlled by Yue Tang and he holds the voting and dispositive power over the ordinary shares held by such entity.
FAQ
What does Tang Yue’s Form 3 filing show for X Financial (XYF)?
The Form 3 shows Tang Yue’s existing ownership in X Financial, not new trades. It lists direct Class A share holdings, restricted stock units, and large indirect stakes held through Mangrove Coast Investment Limited and Purple Mountain Holding Ltd., which he ultimately controls or is associated with.
What indirect stakes in X Financial (XYF) are held via Mangrove Coast entities?
Mangrove Coast Investment Limited holds 1,165,278 Class A ordinary shares in the form of 194,213 ADSs and 97,600,000 Class B ordinary shares. It is controlled by Mangrove Coast Trust, for which Yue Tang is the settlor and he and his family members are beneficiaries.
What role does Purple Mountain Holding Ltd. play in Tang Yue’s XYF ownership?
Purple Mountain Holding Ltd. holds 4,068,241 Class A ordinary shares of X Financial, including shares in ADS form. The entity is ultimately controlled by Yue Tang, and he holds the voting and dispositive power over the ordinary shares owned by Purple Mountain Holding Ltd.
What restricted stock units (RSUs) are reported for Tang Yue at X Financial?
Two RSU positions are reported, each with a zero exercise price and expiration on January 10, 2034. They are tied to 49,998 and 50,004 underlying Class A ordinary shares, including shares represented by ADS, and represent additional potential equity beyond his existing share holdings.
Does this X Financial (XYF) Form 3 indicate recent buying or selling by Tang Yue?
No, the Form 3 is an initial ownership report showing what Tang Yue already holds. The transactions are coded as holdings with unknown direction and do not reflect new open‑market purchases or sales of X Financial securities in this disclosure.