X Financial (NYSE: XYF) director gains 90,000 shares in derivative conversion
Rhea-AI Filing Summary
X Financial director Zhang Longgen acquired 90,000 Class A ordinary shares, including shares represented by ADS, on 2026-08-01 through a conversion of a derivative security at $0.00 per share, bringing his direct holdings to 499,998 shares.
He also directly holds restricted stock units linked to 90,000 underlying Class A ordinary shares with a $0.00 exercise price, exercisable from 2027-08-01 and expiring on 2034-08-01.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 90,000 shares
Net Buy
2 txns
Insider
ZHANG LONGGEN
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 shares (Direct)
Key Figures
Shares acquired via conversion: 90,000 shares
Total shares 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 2026-08-01 through conversion of derivative security
Total shares after transaction
499,998 shares
Direct Class A ordinary share holdings of Zhang Longgen following the 2026-08-01 transaction
RSU underlying shares
90,000 shares
Underlying Class A ordinary shares for restricted stock units held directly
RSU exercise price
$0.0000
Stated exercise price for restricted stock units on Class A ordinary shares
RSU exercisable date
2027-08-01
Date from which restricted stock units on 90,000 underlying shares become exercisable
RSU expiration date
2034-08-01
Expiration date for restricted stock units linked to 90,000 underlying Class A ordinary shares
Key Terms
Conversion of derivative security, Restricted stock unit, Class A ordinary shares, including shares represented by ADS
3 terms
Conversion of derivative security financial
"Transaction code description reads "Conversion of derivative security" for the share acquisition"
Restricted stock unit financial
"A separate entry lists the security title as "Restricted stock unit" with underlying Class A shares"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Zhang Longgen report for X Financial (XYF)?
Zhang Longgen reported acquiring 90,000 Class A ordinary shares of X Financial on 2026-08-01 via a conversion of a derivative security, increasing his direct holdings to 499,998 shares after the transaction.
Was the X Financial (XYF) insider transaction a market purchase or sale?
The reported activity is a conversion of a derivative security into 90,000 Class A ordinary shares, not a market purchase or sale, and is coded as an acquisition of shares following that conversion event.
What security class was involved in Zhang Longgen’s X Financial (XYF) transaction?
The transaction involved Class A ordinary shares of X Financial, including shares represented by ADS, with 90,000 shares acquired via a derivative conversion and total direct holdings rising to 499,998 shares.
What are the key dates for Zhang Longgen’s X Financial (XYF) restricted stock units?
The restricted stock units related to X Financial cover 90,000 underlying shares, become exercisable on 2027-08-01, and have an expiration date of 2034-08-01, with a stated exercise price of $0.00.