Shan Yigang, an Executive Director of KE Holdings Inc., filed a statement of changes in beneficial ownership with the U.S. Securities and Exchange Commission on August 18, 2026, reporting a conversion of Class B ordinary shares into Class A ordinary shares that occurred on August 14, 2026.

Key Highlights

  • Reporting person: Shan Yigang, identified as both a Director and Officer (Executive Director) of KE Holdings Inc.
  • Transaction date: August 14, 2026, with the filing signed and submitted on August 18, 2026.
  • Conversion: 316,964 Class B ordinary shares were converted into 316,964 Class A ordinary shares at a price of $0, via transaction code J, held indirectly through Clover Rich Limited.
  • Post-transaction holdings: 57,194,859 Class A ordinary shares (indirect, via Clover Rich Limited) and 40,820,871 Class B ordinary shares (indirect, via Clover Rich Limited).
  • Trigger: The conversion followed the cancellation of 26,677,794 Class A ordinary shares represented by repurchased ADSs and two Class A ordinary shares surrendered by a shareholder.
  • Listing: KE Holdings trades on NYSE as NASDAQ:BEKE is not the exchange here; the filing identifies the issuer as KE Holdings Inc. with ticker BEKE and foreign trading symbol SEHK: 2423.

Share Class Conversion Details for KE Holdings Executive Director Shan Yigang

According to the filing, Shan Yigang holds shares indirectly through an entity called Clover Rich Limited and is identified as a beneficiary of weighted voting rights as defined under the Hong Kong Listing Rules. KE Holdings Inc., the issuer, operates a technology-driven real estate services platform in China and carries the ticker symbol BEKE on the NYSE, with a concurrent foreign trading symbol of SEHK: 2423 on the Stock Exchange of Hong Kong.

The filing discloses that on August 14, 2026, 26,677,794 Class A ordinary shares represented by repurchased ADSs, along with two Class A ordinary shares surrendered by a shareholder, were canceled. The filing states that as a result of this cancellation, Mr. Shan "converted 316,964 Class B ordinary shares into Class A ordinary shares on 1:1 ratio under the Hong Kong Listing Rules." Both the acquisition of 316,964 Class A ordinary shares and the disposition of 316,964 Class B ordinary shares were recorded at a price of $0 and coded as transaction type J, indicating a conversion or exchange rather than a market purchase or sale.

Following the reported transaction, the filing indicates that Shan Yigang beneficially owns 57,194,859 Class A ordinary shares and 40,820,871 Class B ordinary shares, both held indirectly through Clover Rich Limited. The filing was submitted by one reporting person and bears the signature of Shan Yigang dated August 18, 2026.

What Was Disclosed

The filing reported a conversion of 316,964 Class B ordinary shares into Class A ordinary shares on August 14, 2026, by Executive Director Shan Yigang, held indirectly through Clover Rich Limited, triggered by the cancellation of repurchased ADS-represented shares under the Hong Kong Listing Rules.