Sun Changxun sold RAASY
October 28, 2026 · Form 4 insider transaction
Sun Changxun sold 25,649,839 shares of RAASY, a transaction worth N/A. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 1 day after the transaction.
Footnotes
This Form 4 reports securities disposed of under the Agreement and Plan of Merger, dated May 12, 2026 (the "Merger Agreement"), by and among the Issuer, SpringX Holdings Limited ("Parent"), AutumnX Holdings Limited ("Holdco"), a wholly-owned subsidiary of Parent and SummerX Holdings Limited ("Merger Sub"), a wholly-owned subsidiary of Holdco. Pursuant to be Merger Agreement, Merger Sub was merged with and into the Issuer (the "Merger"), with the Issuer being the surviving company of the Merger as a wholly-owned subsidiary of Holdco. Upon completion of the Merger, the Issuer became a privately-held company.; Pursuant to the Support Agreement, at the Effective Time, each of these Class B ordinary shares, with par value of US$0.0001 each, of the Issuer (each a "Class B Ordinary Share" and collectively, the "Class B Ordinary Shares"), reported in this row and beneficially owned by Mr. Sun Changxun was cancelled in exchange for one ordinary share newly issued by HoldCo.; These Class B Ordinary Shares are held by Cloopen Co., Ltd, a company wholly-owned by Mr. Sun Changxun.