NIP Group Inc. Executive Vice President Tang Heng filed a Form 4 on November 3, 2026, disclosing the acquisition of 52,584,563 Class B1 ordinary shares on October 30, 2026, at a price of $0 upon vesting of restricted shares.

Key Highlights

  • Reporting person: Tang Heng, Executive Vice President of NIP Group Inc. (NASDAQ:NIPG)
  • Transaction: Acquisition (Code A) of 52,584,563 Class B1 ordinary shares on October 30, 2026, at a price of $0
  • Source of shares: According to the filing, the Class B1 ordinary shares were issued upon vesting of restricted shares
  • Resulting ownership: Tang Heng directly holds 52,584,563 Class B1 ordinary shares following the transaction
  • Additional holdings: The filing also reports 12,550 American depositary shares held, reflecting an ADS ratio change effective July 6, 2026
  • Voting rights: The filing states each Class B1 ordinary share carries 20 votes per share, compared to one vote per share for Class A ordinary shares

Tang Heng's Restricted Share Vesting at NIP Group Inc.

According to the Form 4 filed with the U.S. Securities and Exchange Commission on November 3, 2026, Tang Heng, Executive Vice President of NIP Group Inc. (NASDAQ:NIPG), reported the acquisition of 52,584,563 Class B1 ordinary shares on October 30, 2026. The transaction was coded "A" (acquired), with a reported price of $0 per share. The filing states that the shares were issued to Tang Heng upon the vesting of restricted shares.

The filing describes the capital structure of NIP Group Inc. as consisting of Class A ordinary shares, Class B1 ordinary shares, and Class B2 ordinary shares. According to the filing, holders of Class B1 and Class B2 ordinary shares are each entitled to 20 votes per share, subject to certain conditions and restrictions, while Class A ordinary share holders receive one vote per share. The filing further notes that each Class B1 ordinary share is convertible into one Class A ordinary share at any time at the option of the holder, but Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

In addition to the Class B1 shares, the filing reports that Tang Heng holds 12,550 American depositary shares. The filing notes that effective July 6, 2026, NIP Group Inc. changed the ratio of its American Depositary Shares to its Class A ordinary shares from one ADS representing two Class A ordinary shares to one ADS representing sixty Class A ordinary shares, and that the ADS amount reported on the Form 4 reflects this change. Following the reported transaction, Tang Heng's direct beneficial ownership of Class B1 ordinary shares stands at 52,584,563 shares.

What Was Disclosed

Tang Heng, Executive Vice President of NIP Group Inc., disclosed the acquisition of 52,584,563 Class B1 ordinary shares at $0 on October 30, 2026, issued upon restricted share vesting, resulting in direct beneficial ownership of 52,584,563 Class B1 ordinary shares and 12,550 ADSs.