X Financial president discloses major equity holdings

Q: What insider position does Li Kan hold at X Financial (XYF)?

Li Kan is identified as both a director and an officer of X Financial, serving as President. This role information helps investors understand the seniority and potential influence behind the disclosed equity holdings.

Q: How many X Financial Class A shares does Li Kan report owning?

Li Kan reports direct ownership of 2,256,420 Class A ordinary shares, including shares represented by ADS, as of March 18, 2026. This figure reflects the total direct share position reported in the filing.

Q: What RSU holdings for X Financial does Li Kan report?

The filing lists two RSU positions, each referencing 2,250,000 underlying Class A ordinary shares. Both RSU positions carry an exercise price of $0.0000 and share the same stated expiration date of January 10, 2034.

Q: What is the significance of the $0.0000 exercise price on Li Kan’s RSUs?

The RSU entries show an exercise price of $0.0000, which typically reflects share-based awards that do not require cash payment on vesting. This underscores that the positions are compensation-related units rather than options purchased in the market.

X Financial director and president Li Kan filed an initial statement of holdings in the company.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

X Financial director and president Li Kan filed an initial statement of holdings in the company. The filing lists direct ownership of 2,256,420 Class A ordinary shares, including shares represented by ADS as of March 18, 2026. It also records two RSU positions, each tied to 2,250,000 underlying Class A ordinary shares, with a stated exercise price of $0.0000 and expiration on January 10, 2034. These entries describe existing equity interests and do not show any new open‑market purchases or sales.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider LI KAN

Role President

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") — 2,250,000 contracts (Direct); RSU — 2,250,000 contracts (Direct); Class A ordinary shares, including shares represented by ADS — 2,256,420 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider position does Li Kan hold at X Financial (XYF)?

Li Kan is identified as both a director and an officer of X Financial, serving as President. This role information helps investors understand the seniority and potential influence behind the disclosed equity holdings.

How many X Financial Class A shares does Li Kan report owning?

Li Kan reports direct ownership of 2,256,420 Class A ordinary shares, including shares represented by ADS, as of March 18, 2026. This figure reflects the total direct share position reported in the filing.

What RSU holdings for X Financial does Li Kan report?

The filing lists two RSU positions, each referencing 2,250,000 underlying Class A ordinary shares. Both RSU positions carry an exercise price of $0.0000 and share the same stated expiration date of January 10, 2034.

Does the Li Kan filing show any recent buying or selling of X Financial shares?

No recent buying or selling is indicated. All three entries are classified as holdings with an unknown transaction direction and zero reported buy or sell counts, suggesting this is a position disclosure rather than a trade report.

What is the significance of the $0.0000 exercise price on Li Kan’s RSUs?

The RSU entries show an exercise price of $0.0000, which typically reflects share-based awards that do not require cash payment on vesting. This underscores that the positions are compensation-related units rather than options purchased in the market.

When do Li Kan’s reported RSU positions in X Financial expire?

Both RSU positions reported by Li Kan list an expiration date of January 10, 2034. This long-dated expiration highlights that these equity awards are structured as long-term incentives tied to Class A ordinary shares, including ADS.

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

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Accepted by SEC EDGAR 03/18/2026 - 04:31 PM

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^*

LI KAN

(Last)

(First)

(Middle)

NO. 168 HAIDE THIRD AVENUE

NANSHAN DISTRICT

(Street)

SHENZHEN

518067

(City)

(State)

(Zip)

UNITED STATES

(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)

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

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	2,256,420	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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Restricted stock unit ("RSU")	01/10/2028	01/10/2034	Class A ordinary shares, including shares represented by ADS	2,250,000	$0.00	D
RSU	01/10/2029	01/10/2034	Class A ordinary shares, including shares represented by ADS	2,250,000	$0.00	D

Explanation of Responses:

	/s/ Kan Li	03/18/2026
	** 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)

Source: View Original Filing on SEC EDGAR