SCHEDULE 13D/A: LightInTheBox Director Yan Zhi Significantly Increases Stake, Acquiring Millions of Shares on Open Market

Sentiment:

Beneficial Ownership Update 2 April 2025 8:50 AM

📋All filings for Lightinthebox Holding Co, LTD

LightInTheBox Holding Co., Ltd. director Yan Zhi has substantially increased his beneficial ownership in the company through open market purchases, now holding 27.7% of outstanding ordinary shares.

Better than expectedThe document indicates that director Yan Zhi has significantly increased his stake in the company through open market purchases.These acquisitions were made at weighted average prices ($0.3148 in Sept 2024 and $0.1190 in March 2025) that were below the closing market prices on the respective acquisition dates ($0.3833 and $0.1667). This suggests that a key insider perceives the shares as undervalued and is willing to invest further capital, which is generally a positive signal for investors.

Summary

This Amendment No. 12 to Schedule 13D updates the beneficial ownership of LightInTheBox Holding Co., Ltd. (LITB) ordinary shares.
The Issuer's American Depositary Share (ADS) ratio changed on September 5, 2024, from one ADS representing two Ordinary Shares to one ADS representing twelve Ordinary Shares.
As of December 31, 2024, there were 220,668,763 Ordinary Shares outstanding.
Zall Development Investment Company Limited beneficially owns 50,000,000 Ordinary Shares, representing 22.7% of the class, with shared voting and dispositive power.
Yan Zhi beneficially owns an aggregate of 61,188,512 Ordinary Shares, representing 27.7% of the class, including 11,188,512 shares with sole voting and dispositive power, and 50,000,000 shares with shared voting and dispositive power.
From September 10, 2024, to September 12, 2024, Mr. Yan Zhi acquired 1,470,372 Ordinary Shares (in ADS form) from the open market at a weighted average price of $0.3148 per Ordinary Share.
The closing price of Ordinary Shares on the New York Stock Exchange on September 12, 2024, was approximately $0.3833 per Ordinary Share.
From March 26, 2025, to March 31, 2025, Mr. Yan Zhi acquired an additional 3,696,408 Ordinary Shares (in ADS form) from the open market at a weighted average price of $0.1190 per Ordinary Share.
The closing price of Ordinary Shares on the New York Stock Exchange on March 31, 2025, was approximately $0.1667 per Ordinary Share.

Sentiment

Score: 8

Explanation: The sentiment is positive due to significant insider buying by a director, indicating strong confidence in the company's valuation and future prospects, especially given the acquisitions were made at prices below market.

Positives

A significant increase in beneficial ownership by director Yan Zhi, indicating strong insider confidence in the company's future.
Mr. Yan Zhi acquired shares at weighted average prices below the closing market prices on the respective acquisition dates, particularly in March 2025, suggesting he views the shares as undervalued.

Negatives

The declining share price of Ordinary Shares from September 2024 ($0.3833) to March 2025 ($0.1667) suggests potential underlying market concerns or company performance issues, despite insider buying.

Future Outlook

The document does not contain any explicit forward-looking statements or guidance from the company's management regarding future performance or strategy.

Management Comments

Mr. Yan Zhi, a director of LightInTheBox, has demonstrated increased confidence in the company by acquiring additional Ordinary Shares from the open market.

Industry Context

This filing primarily details changes in beneficial ownership by a key insider and does not provide sufficient information to analyze broader industry trends or competitive positioning.

Stakeholder Impact

Shareholders: Increased insider ownership can be viewed as a positive signal, potentially boosting investor confidence and signaling management's belief in the company's long-term value.

Key Dates

Date	Description
2016-04-11	Initial Schedule 13D filing date.
2024-09-05	Effective date of the American Depositary Share (ADS) ratio change (1 ADS representing 12 Ordinary Shares).
2024-09-10	Start date of share acquisitions by Yan Zhi.
2024-09-12	End date of first period of share acquisitions by Yan Zhi; closing price of Ordinary Shares was $0.3833.
2024-12-31	Date as of which the number of Ordinary Shares outstanding (220,668,763) was informed by the Issuer.
2025-03-26	Start date of second period of share acquisitions by Yan Zhi.
2025-03-31	End date of second period of share acquisitions by Yan Zhi; closing price of Ordinary Shares was $0.1667; Date of event which requires filing of this statement.
2025-04-02	Date of signing of the Amendment No. 12 to Schedule 13D.

Recommendation

buy

Keywords

LightInTheBox, LITB, Schedule 13D, Beneficial Ownership, Insider Buying, Yan Zhi, Zall Development Investment Company Limited, Ordinary Shares, American Depositary Shares, SEC Filing

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