Zhang Jie reports 2.1M Futu (FUTU) shares via Diamond Orbit
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Futu Holdings Ltd director Zhang Jie filed an initial ownership report showing indirect holdings of 2,096,000 Class A ordinary shares. These shares are held through Diamond Orbit Investments Limited, meaning the position is owned via an affiliated entity rather than directly in his own name.
The filing is a Form 3, which records existing ownership when someone becomes an insider, not a new stock purchase or sale. A footnote explains that Zhang Jie disclaims beneficial ownership of these securities except to the extent of any pecuniary interest he may have in them.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zhang Jie
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares — 2,096,000 shares (Indirect, By Diamond Orbit Investments Limited)
Footnotes (1)
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FAQ
What does Zhang Jie’s Form 3 filing for Futu (FUTU) show?
The Form 3 shows Zhang Jie indirectly holds 2,096,000 Class A ordinary shares of Futu Holdings Ltd through Diamond Orbit Investments Limited. It records his existing ownership as he is a director, not a new trade or transaction in the company’s stock.
What does the beneficial ownership disclaimer mean in Zhang Jie’s Futu Form 3?
The footnote says Zhang Jie disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest. This means he does not concede full economic ownership of all 2,096,000 shares, despite their inclusion in this insider ownership report.
Why is Futu (FUTU) filing a Form 3 for Zhang Jie now?
Form 3 is used when someone first becomes a reporting insider, such as a new director. This filing records Zhang Jie’s indirect holdings of 2,096,000 Class A ordinary shares at that time, establishing a baseline for any future insider transaction reports.