Summary by Moomoo AI
JD.com affiliate Hsieh Louis plans to sell 30,000 American Depositary Shares (ADS) on December 11, 2024. Each ADS represents two Class A ordinary shares, with an aggregate market value of $1,238,100. The sale is scheduled approximately one year from the date of this notice.The shares to be sold were acquired through the vesting of Restricted Share Units (RSUs) granted under JD.com's Share Incentive Plan. The acquisition of these shares occurred in tranches from May 21, 2015, to May 21, 2024, with varying amounts vesting each year. The most recent vesting of 4,863 shares took place on May 21, 2024.No securities have been sold by the affiliate in the past three months prior to this announcement. The notice for this planned sale was filed on December 10, 2024, indicating a strategic decision to divest a portion of the accumulated shares from the long-term incentive program.
