X Financial (NYSE: XYF) CFO discloses 549,990 shares and RSU awards

Rhea-AI Filing Summary

X Financial filed an initial ownership report for Chief Financial Officer Zheng Fuya (Frank). He directly holds 549,990 Class A ordinary shares, including shares represented by ADS. He also holds RSUs covering 25,014 underlying shares exercisable on January 10, 2028 and 24,996 underlying shares exercisable on January 10, 2027, all with a zero exercise price.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Zheng Fuya (Frank)

Role Chief Financial Officer

Type	Security	Shares	Price	Value
holding	Restricted stock unit ("RSU")	--	--	--
holding	RSU	--	--	--
holding	Class A ordinary shares, including shares represented by ADS	--	--	--

Holdings After Transaction: Restricted stock unit ("RSU") — 24,996 shares (Direct, null); RSU — 25,014 shares (Direct, null); Class A ordinary shares, including shares represented by ADS — 549,990 shares (Direct, null)

Footnotes (1)

Key Figures

Direct Class A share holdings: 549,990 shares RSU underlying shares (2028 exercisable): 25,014 shares RSU underlying shares (2027 exercisable): 24,996 shares +1 more

4 metrics

Direct Class A share holdings 549,990 shares Total shares following transaction for CFO

RSU underlying shares (2028 exercisable) 25,014 shares Underlying Class A shares for RSU exercisable January 10, 2028

RSU underlying shares (2027 exercisable) 24,996 shares Underlying Class A shares for RSU exercisable January 10, 2027

RSU exercise price $0.00 per share Exercise price for reported RSU positions

Key Terms

Class A ordinary shares, including shares represented by ADS, RSU, Restricted stock unit ("RSU"), beneficial ownership

4 terms

Class A ordinary shares, including shares represented by ADS financial

"Class A ordinary shares, including shares represented by ADS"

RSU financial

"security_title": "RSU""

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

Restricted stock unit ("RSU") financial

"security_title": "Restricted stock unit ("RSU")""

beneficial ownership financial

"initial ownership report for Chief Financial Officer Zheng Fuya (Frank)"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Zheng Fuya (Frank)

(Last) (First) (Middle)

NO.168 HAIDE THIRD AVENUE

NANSHAN DISTRICT

(Street)

SHENZHEN 518067

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
X Financial [ NYSE: XYF ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

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

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

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A ordinary shares, including shares represented by ADS	549,990	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted stock unit ("RSU")	01/10/2027	01/10/2034	Class A ordinary shares, including shares represented by ADS	24,996	$0.00	D
RSU	01/10/2028	01/10/2034	Class A ordinary shares, including shares represented by ADS	25,014	$0.00	D

Explanation of Responses:

	/s/ Fuya Zheng	05/11/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does the Form 3 filing for X Financial (XYF) disclose?

The Form 3 discloses Chief Financial Officer Zheng Fuya (Frank)’s initial ownership in X Financial. It reports his direct holdings of common shares and restricted stock units, giving investors a baseline view of his equity stake at the time of becoming a reporting insider.

How many X Financial (XYF) Class A shares does the CFO hold?

The CFO directly holds 549,990 Class A ordinary shares, including shares represented by ADS. This figure reflects his beneficial ownership of the company’s listed equity, establishing an initial reference point for any future insider trading activity or changes in his stake.

What RSU awards does the X Financial (XYF) CFO report?

He reports two RSU positions tied to Class A ordinary shares. One award covers 25,014 underlying shares, and another covers 24,996 underlying shares, both with a zero exercise price, highlighting stock-based compensation that may convert into shares as vesting conditions are met.

When do the reported RSUs for X Financial (XYF) become exercisable?

The RSUs covering 24,996 underlying shares become exercisable on January 10, 2027, while those covering 25,014 underlying shares become exercisable on January 10, 2028. Both awards carry an expiration date in 2034, defining their long-term potential to convert into common shares.

Does the X Financial (XYF) Form 3 show any insider buying or selling?

The Form 3 lists holdings only and shows no buy or sell transactions. It serves as an initial ownership snapshot for the CFO, rather than a record of recent trades, allowing investors to understand his starting equity position as a reporting insider.