A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 4 filings in this group are Form 4s for Niu Technologies.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 4 insider filings shown, the breakdown is 3 compensation award and 1 open-market sale. 1 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
What each transaction type means
- Compensation award ×3
- Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
- Open-market sale ×1
- The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Form 4
Compensation award
Tax / Compensation Filing
2026-10-20
NIU insider Form 4 filed for equity award, exercise, or tax withholding
CHENG MEI WEI (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
20,000 |
— |
— |
M |
Option exercise
derivative · Restricted share units
|
40,000 |
— |
— |
A |
Compensation award
derivative · Restricted share units
|
80,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: CHENG MEI WEI (Director)
Shares: 20,000
Form 4
Compensation award
Tax / Compensation Filing
2026-10-20
NIU insider Form 4 filed for equity award, exercise, or tax withholding
Zhang Jinshu (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
20,000 |
— |
— |
M |
Option exercise
derivative · Restricted share units
|
40,000 |
— |
— |
A |
Compensation award
derivative · Restricted share units
|
80,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Zhang Jinshu (Director)
Shares: 20,000
Form 4
Compensation award
Tax / Compensation Filing
2026-10-20
NIU insider Form 4 filed for equity award, exercise, or tax withholding
Ye Changqing (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
20,000 |
— |
— |
M |
Option exercise
derivative · Restricted share units
|
40,000 |
— |
— |
A |
Compensation award
derivative · Restricted share units
|
80,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Ye Changqing (Director)
Shares: 20,000
Form 4
Open-market sale
Insider Selling
2026-03-17
NIU insider Zhou Fion Wenjuan (Director, Chief Financial Officer) sold 22,113 shares (~$77.0K)
Zhou Fion Wenjuan, listed as Director, Chief Financial Officer at Niu Technologies, reported an open-market sale of 22,113 NIU shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
45,000 |
— |
— |
S |
Open-market sale
|
22,113 |
$3.48 |
$77.0K |
M |
Option exercise
derivative · Restricted share units
|
90,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Zhou Fion Wenjuan (Director, Chief Financial Officer)
Shares: 22,113
Est. Value: $77.0K