Luo Cheng sold RAASY
October 28, 2026 · Form 4 insider transaction
Luo Cheng sold 1,050,000 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
Pursuant to the Merger Agreement, at the Effective Time, each of these RSUs that was vested as of April 30, 2026, was canceled and, in exchange therefor, Mr. Luo Cheng was issued a vested award comprised of other rights or property to the extent permitted by applicable laws, which shall be subject to terms and conditions substantially equivalent to those of such vested RSUs, as reasonably determined by both HoldCo and the Issuer.; Each of these restricted stock units of the Issuer ("RSU") represented a contingent right to receive one share of Class A Ordinary Share. On April 1, 2024, Mr. Luo Cheng was granted 1,500,000 RSUs. The RSUs have all vested.