Fion Wenjuan Zhou - 15 Mar 2026 Form 4 Insider Report for Niu Technologies (NIU)

Role
Chief Financial Officer, Director
Signature
/s/ Fion Wenjuan Zhou
Issuer symbol
NIU
Transactions as of
15 Mar 2026
Net transactions value
-$77,044
Form type
4
Filing time
17 Mar 2026, 09:06:31 UTC
Previous filing
06 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Zhou Fion Wenjuan Chief Financial Officer, Director 23F BUILDING C RONGXIN TECHNOLOGY CENTER, NO. 34 CHUANGYUAN ROAD CHAOYANG DISTRICT, BEIJING, CHINA /s/ Fion Wenjuan Zhou 17 Mar 2026 0001968457

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NIU American depositary shares Options Exercise +45,000 +38% 164,284 15 Mar 2026 Direct F1, F2, F3
transaction NIU American depositary shares Sale $77,044 -22,113 -13% $3.48 142,171 16 Mar 2026 Direct F1, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NIU Restricted share units Options Exercise -90,000 -100% $0.000000* 0 15 Mar 2026 Class A ordinary shares 90,000 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each American depositary share ("ADS") represents two (2) Class A ordinary shares, with a par value of US$0.0001 per share, of Niu Technologies (the "Company").
F2 Represent 90,000 Class A ordinary shares of the Company received in the form of ADSs upon vesting of the 90,000 restricted share units granted to the reporting person on March 15, 2022. See footnote 5.
F3 Each RSU represents the contingent right to receive one (1) Class A ordinary shares of the Company upon vesting.
F4 The reporting person sold 22,113 ADSs solely to satisfy tax obligations incurred upon vesting.
F5 The 90,000 RSUs were granted to the reporting person pursuant to the Company's 2018 Share Incentive Plan (the "2018 Plan") on March 15, 2022, and vested on March 15, 2026.