Jin Hui 4

What Happened

• Jin Hui, CEO of H World Group Ltd (HTHT), had restricted share units (RSUs) vest and convert into 147,850 ordinary shares on 2026-03-26. To satisfy tax withholding, 31,200 of those shares were transferred/sold on 2026-03-27 at $50.36 per share for proceeds of $1,571,232. The conversion shows no exercise price (typical for RSUs).

Key Details

• Transaction dates and types:
  • 2026-03-26 — Exercise/conversion of derivative (RSUs) into 147,850 shares (code M; no exercise price).
  • 2026-03-27 — Tax withholding/settlement (code F): 31,200 shares disposed at $50.36 each, total $1,571,232.
  • Filing date: 2026-03-27 (report covers period 2026-03-26); filing appears within the standard Form 4 timeframe.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Relevant footnotes:
  • F1/F2: These were restricted share units that vested and each RSU equals one ordinary share.
  • F3: RSUs were granted on Mar 26, 2015 and vested on Mar 26, 2026; previously reported on a Form 3 filed Mar 17, 2026.
• Codes: M = exercise/conversion of derivative (RSU conversion), F = shares withheld/sold to satisfy tax withholding.

Context

• This was primarily an award vesting event (RSUs converting to shares) with a routine tax-withholding disposition, not an opportunistic open-market sale. RSUs typically have no strike price, so the conversion is recorded with $0 exercise price; some of the resulting shares were surrendered/sold to cover taxes (cashless withholding), yielding about $1.57M. Such withholding transactions are common and do not by themselves indicate the insider is signaling a buy or sell decision.