Dai Kun, Chief Executive Officer and Director of Uxin Ltd, filed a Form 4 on November 5, 2026, disclosing purchases of American depositary shares on November 3 and November 4, 2026, executed pursuant to a Rule 10b5-1(c) plan.

Key Highlights

  • First purchase: 6,100 American depositary shares acquired on November 3, 2026, at $0.8943 per share, indirectly through Xin Gao Group Limited.
  • Second purchase: 5,115 American depositary shares acquired on November 4, 2026, at $0.9535 per share, indirectly through Xin Gao Group Limited.
  • Total ADS following transactions: 160,695 American depositary shares beneficially owned indirectly by Xin Gao Group Limited after the two purchases.
  • ADS conversion: Each American depositary share represents 300 Class A ordinary shares of the issuer, according to the filing.
  • 10b5-1 plan: The filing indicates the transactions were made pursuant to a contract, instruction, or written plan satisfying the affirmative defense conditions of Rule 10b5-1(c).
  • Reporting person roles: Dai Kun is identified as both a Director and Chief Executive Officer of Uxin Ltd.

Dai Kun's Two-Day ADS Acquisitions via Xin Gao Group Limited

According to the Form 4 filed with the U.S. Securities and Exchange Commission on November 5, 2026, Dai Kun disclosed two open-market purchases of Uxin Ltd (NASDAQ:UXIN) American depositary shares made on consecutive days. The filing identifies Dai Kun as the company's Chief Executive Officer and a Director, with a Beijing, China address.

On November 3, 2026, 6,100 ADS were acquired at a price of $0.8943 per share, bringing indirect beneficial ownership to 155,580 ADS. On November 4, 2026, an additional 5,115 ADS were acquired at $0.9535 per share, raising the total indirect beneficial ownership to 160,695 ADS. Both transactions are classified with transaction code "P" (purchase) and are held indirectly through Xin Gao Group Limited, as the filing states. No direct holdings are reported in Table I.

The filing notes that each American depositary share represents 300 Class A ordinary shares of the issuer. The form also indicates, via a checked box, that both transactions were made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). No derivative securities transactions are reported in Table II.

What Was Disclosed

Dai Kun, CEO and Director of Uxin Ltd, disclosed the indirect purchase of 11,215 total American depositary shares over two days in November 2026 through Xin Gao Group Limited, under a Rule 10b5-1(c) plan, resulting in indirect beneficial ownership of 160,695 ADS.