KE Holdings CEO Yongdong Peng Converts 526K Class B Shares into Class A Shares

Overview & Context

On October 22, 2026, KE Holdings Inc. ($BEKE) filed a Form 4 detailing an internal share conversion by Chief Executive Officer and Director Peng Yongdong.

On October 20, 2026, the company cancelled 14,308,821 Class A ordinary shares represented by repurchased ADSs and 4,915,600 Class A ordinary shares repurchased on the SEHK. In accordance with Hong Kong Listing Rules governing weighted voting rights, Mr. Peng converted 526,428 Class B ordinary shares into Class A ordinary shares on a 1:1 basis.

Transaction Details

• Security: Class A ordinary shares (Acquired) / Class B ordinary shares (Disposed)
• Shares Converted: 526,428
• Transaction Price: $0.00 (1:1 conversion ratio)
• Nature of Ownership: Indirect (held by controlled corporation)
• Post-Transaction Holdings:
  • Class A Ordinary Shares: 63,350,679
  • Class B Ordinary Shares: 93,555,863

Market & Trading Significance

This transaction carries Low trading significance. It represents a non-market, mandatory regulatory adjustment rather than discretionary buying or selling. The overall economic ownership of the insider remains unchanged.