Liu Fu sold DTSS
April 16, 2026 · Form 4 insider transaction
Liu Fu sold 2,000,000 shares of Datasea Intelligent Technology Ltd. at $1.07 per share, a transaction worth $2.14M. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 48 days after the transaction.
Footnotes
Effective on April 16, 2026, Datasea merged with and into the Issuer, with the Issuer as the surviving company. Upon the merger, 2,000,000 shares of the Common Stock held by the Reporting Person were converted into 2,000,000 class B ordinary shares, with no par value, of the Issuer (the "Class B Ordinary Shares"). The remaining Common Stock held by the Reporting Person were converted into an equal number of the class A ordinary shares, with no par value, of the Issuer (the "Class A Ordinary Shares").