X Financial director converts 90,000 shares

X Financial director Xue Zheng converted a derivative security into 90,000 Class A ordinary shares (including ADS) on August 1, 2026, at an exercise price of $0.0000 per share.

Accepted by SEC EDGAR 08/03/2026 - 06:08 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

X Financial director Xue Zheng converted a derivative security into 90,000 Class A ordinary shares (including ADS) on August 1, 2026, at an exercise price of $0.0000 per share. After the conversion, Xue Zheng directly owned 499,998 shares and held restricted stock units over 90,000 underlying shares, exercisable from August 1, 2027 and expiring August 1, 2034.

Insider Trade Summary

Conversion: 90,000 shares

Conversion 1 txn

Insider Xue Zheng

Role Director

Type	Security	Shares	Price	Value
Conversion	Class A ordinary shares, including shares represented by ADS	90,000	$0.00	$0.00
Holding	Restricted stock unit	--	--	--

Holdings After Transaction: Class A ordinary shares, including shares represented by ADS — 499,998 shares (Direct); Restricted stock unit — 90,000 contracts (Direct)

Key Figures

Shares acquired via conversion: 90,000 shares Total shares owned after transaction: 499,998 shares RSU underlying shares: 90,000 shares +3 more

6 metrics

Shares acquired via conversion 90,000 shares Class A ordinary shares, including ADS, acquired on August 1, 2026 through derivative conversion

Total shares owned after transaction 499,998 shares Direct Class A ordinary share holdings following the August 1, 2026 conversion

RSU underlying shares 90,000 shares Underlying Class A ordinary shares for restricted stock units held directly

RSU exercise price $0.0000 per share Exercise price of restricted stock units for underlying Class A ordinary shares

RSU earliest exercise date August 1, 2027 Earliest exercise date for the reported restricted stock units

RSU expiration date August 1, 2034 Expiration date for the reported restricted stock units

Key Terms

Class A ordinary shares, ADS, Restricted stock unit, derivative security

4 terms

Class A ordinary shares financial

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

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.

ADS financial

"including shares represented by ADS"

Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

Restricted stock unit financial

"security_title: Restricted stock unit"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

derivative security financial

"transaction_code_description: Conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

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

What insider transaction did X Financial (XYF) report for director Xue Zheng?

X Financial reported that director Xue Zheng converted a derivative security into 90,000 Class A ordinary shares (including ADS) on August 1, 2026. The conversion was recorded at an exercise price of $0.0000 per share and increased his directly held share count.

How many X Financial (XYF) shares does Xue Zheng hold after the reported transaction?

Following the August 1, 2026 conversion, Xue Zheng directly owns 499,998 Class A ordinary shares of X Financial. In addition, he holds restricted stock units linked to 90,000 underlying shares, which provide potential future equity subject to their terms.

What are the key terms of Xue Zheng’s restricted stock units in X Financial (XYF)?

Xue Zheng holds restricted stock units tied to 90,000 underlying Class A ordinary shares at an exercise price of $0.0000 per share. These units become exercisable on August 1, 2027 and have an expiration date of August 1, 2034.

Were Xue Zheng’s X Financial (XYF) transactions reported under a Rule 10b5-1 trading plan?

The Form 4 indicates no affirmation of a Rule 10b5-1 trading plan, as the related checkbox is not marked. The report does not describe these transactions as being executed pursuant to any pre-arranged trading plan for the director.

What type of security did Xue Zheng convert into X Financial (XYF) Class A shares?

The transaction is described as a conversion of a derivative security into Class A ordinary shares, including ADS. This reflects a change from a derivative position into directly held equity, rather than an open-market purchase or sale of existing shares.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Xue Zheng

(Last) (First) (Middle)

NO.168 HAIDE THIRD AVENUE,

NANSHAN DISTRICT

(Street)

SHENZHEN 518067

(City) (State) (Zip)

CHINA

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2026

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, including shares represented by ADS	08/01/2026		C		90,000	A	$0	499,998	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 unit	$0							08/01/2027	08/01/2034	Class A ordinary shares, including shares represented by ADS	90,000		90,000	D

Explanation of Responses:

	/s/ Zheng Xue	08/03/2026
	** 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)