John Jinshu Zhang - 19 Oct 2026 Form 4 Insider Report for Niu Technologies (NIU)

Reporting relationship: Director
Issuer ticker: NIU
Reported as of: 19 Oct 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 20 Oct 2026, 06:22:05 UTC
Prior SEC filing: 04 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ John Jinshu Zhang

Filing notes and source

Key filing fact

John Jinshu Zhang filed Form 4 for Niu Technologies (NIU) on 20 Oct 2026.

Key facts

This page summarizes John Jinshu Zhang's Form 4 filing for Niu Technologies (NIU).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 20 Oct 2026, 06:22.

Change

Previous filing in this sequence was filed on 04 Mar 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001968606 Primary reporting owner

Zhang Jinshu

Relationship: Director
Address: 749 VIA DEL MONTE, PALOS VERDES ESTATES, CALIFORNIA
Signature: /s/ John Jinshu Zhang
Signature date: 20 Oct 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NIU transaction

American depositary shares

Options Exercise

Transaction value
Shares: +20,000
Change %: +37%
Price
Shares after: 74,000
Date: 19 Oct 2026
Ownership: Direct
Footnotes: F1, F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NIU transaction Derivative

Restricted share units

Options Exercise

Transaction value
Shares: -40,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 19 Oct 2026
Ownership: Direct
Underlying class: Class A ordinary shares
Underlying amount: 40,000
Exercise price
Footnotes: F3, F4

NIU transaction Derivative

Restricted share units

Award

Transaction value
Shares: +80,000
Change %
Price: $0.000000^*
Shares after: 80,000
Date: 19 Oct 2026
Ownership: Direct
Underlying class: Class A ordinary shares
Underlying amount: 80,000
Exercise price
Footnotes: F3, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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").

Footnote F2

Represent 40,000 Class A ordinary shares of the Company received in the form of ADSs upon vesting of the 40,000 restricted share units ("RSUs") granted to the reporting person on October 19, 2024. See footnote 4.

Footnote F3

Each RSU represents the contingent right to receive one (1) Class A ordinary share of the Company upon vesting.

Footnote F4

The 40,000 RSUs were granted to the reporting person pursuant to the Company's 2018 Share Incentive Plan (the "2018 Plan") on October 19, 2024, and vested on October 19, 2026.

Footnote F5

The 80,000 RSUs were granted to the reporting person pursuant to the 2018 Plan on October 19, 2026, and will vest in two equal annual installments of 40,000 RSUs each on October 19, 2027 and October 19, 2028, respectively.