Form 4: So-Young COO Li Gefei Exercises Stock Options

So-Young International Inc.'s COO, Li Gefei, exercised options to acquire 46,153 Class A ordinary shares on March 31, 2026.

Summary

• Li Gefei, the Chief Operating Officer and a Director of So-Young International Inc., executed an option exercise on March 31, 2026.
• The transaction involved the acquisition of 46,153 Class A ordinary shares, which are held in the form of American Depositary Shares (ADSs), where 13 ADSs represent 10 Class A ordinary shares.
• The exercise price for these shares was $0.01 per share.
• Following the transaction, Li Gefei directly beneficially owns 46,153 Class A ordinary shares.
• The exercise included 38,461 options and 7,692 options, both with an exercise price of $0.01.
• After the exercise, Li Gefei retains beneficial ownership of 19,234 unexercised options from a grant of 57,695 share options on August 15, 2024, and 21,154 unexercised options from a grant of 28,846 share options on August 15, 2024.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as an insider exercising options typically indicates confidence in the company's future prospects, even if the exercise price is nominal.

Positives

• An insider, the COO and a Director, exercising stock options can signal confidence in the company's future performance.
• The acquisition of 46,153 Class A ordinary shares increases the insider's direct beneficial ownership in the company.

Future Outlook

Remaining options from the August 15, 2024 grant of 57,695 shares will continue to vest in eight equal installments of 4,808 shares every three months until February 1, 2027. The expiration date for all remaining options is August 14, 2034.

Industry Context

StockSavvy.ai notes that insider transactions, such as option exercises, are closely watched by investors as they can provide insights into management's confidence in the company's future. While this is a routine filing for an executive, the timing and volume can sometimes be indicative of internal sentiment, though it does not provide broader industry trend data.

Stakeholder Impact

• Shareholders may view the COO's increased direct ownership as a positive sign of alignment between management and shareholder interests.

Next Steps

• Continued vesting of the remaining 19,234 share options from the August 15, 2024 grant in eight equal installments every three months until February 1, 2027.

Key Dates

Recommendation

While an insider exercising options can be a positive signal of confidence, this Form 4 filing alone does not provide sufficient financial or strategic information to warrant a strong buy or sell recommendation. It primarily reports a pre-planned transaction and should be considered alongside broader financial performance and market conditions.

Keywords

So-Young International Inc., SY, Li Gefei, Form 4, Insider Transaction, Stock Options, Beneficial Ownership, Class A Ordinary Share, American Depositary Shares