Xiegang Xiong - 28 Oct 2026 Form 4 Insider Report for Cloopen Group Holding Ltd (RAASY)

Reporting relationship: CPO, CTO
Issuer ticker: RAASY
Reported as of: 28 Oct 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 29 Oct 2026, 06:37:23 UTC
Prior SEC filing: 18 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Xiegang Xiong

Filing notes and source

Key filing fact

Xiegang Xiong filed Form 4 for Cloopen Group Holding Ltd (RAASY) on 29 Oct 2026.

Key facts

This page summarizes Xiegang Xiong's Form 4 filing for Cloopen Group Holding Ltd (RAASY).
6 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 29 Oct 2026, 06:37.

Change

Previous filing in this sequence was filed on 18 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 0002093285 Primary reporting owner

Xiong Xiegang

Relationship: CPO, CTO
Address: 16/F, TOWER A, FAIRMONT TOWER,, 33 GUANGSHUN NORTH MAIN ST, CHAOYANG, BEIJING, CHINA
Signature: /s/ Xiegang Xiong
Signature date: 29 Oct 2026

Reported non-derivative transactions

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

RAASY transaction

Class A ordinary shares

Disposed to Issuer

Transaction value
Shares: -363,225
Change %: -100%
Price
Shares after: 0
Date: 28 Oct 2026
Ownership: See Footnote
Footnotes: F1, F2, F3

RAASY transaction

Class A ordinary shares

Disposed to Issuer

Transaction value
Shares: -847,525
Change %: -100%
Price
Shares after: 0
Date: 28 Oct 2026
Ownership: See Footnote
Footnotes: F1, F4, F5

Reported derivative securities

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

RAASY transaction Derivative

Options

Disposed to Issuer

Transaction value
Shares: -300,000
Change %: -100%
Price
Shares after: 0
Date: 28 Oct 2026
Ownership: Direct
Underlying class: Class A ordinary share
Underlying amount: 300,000
Exercise price: $0.3800
Footnotes: F6, F7

RAASY transaction Derivative

Options

Disposed to Issuer

Transaction value
Shares: -700,000
Change %: -100%
Price
Shares after: 0
Date: 28 Oct 2026
Ownership: Direct
Underlying class: Class A ordinary share
Underlying amount: 700,000
Exercise price: $0.3800
Footnotes: F6, F8

RAASY transaction Derivative

Restricted Share Units

Disposed to Issuer

Transaction value
Shares: -300,000
Change %: -100%
Price
Shares after: 0
Date: 28 Oct 2026
Ownership: Direct
Underlying class: Class A ordinary share
Underlying amount: 300,000
Exercise price: $0.000000
Footnotes: F9, F10

RAASY transaction Derivative

Restricted Share Units

Disposed to Issuer

Transaction value
Shares: -700,000
Change %: -100%
Price
Shares after: 0
Date: 28 Oct 2026
Ownership: Direct
Underlying class: Class A ordinary share
Underlying amount: 700,000
Exercise price: $0.000000
Footnotes: F9, F11

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Xiegang Xiong is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 11 footnotes

Footnote F1

This Form 4 reports securities disposed of under the Agreement and Plan of Merger, dated May 12, 2026 (the "Merger Agreement"), by and among the Issuer, SpringX Holdings Limited ("Parent"), AutumnX Holdings Limited ("Holdco"), a wholly-owned subsidiary of Parent and SummerX Holdings Limited ("Merger Sub"), a wholly-owned subsidiary of Holdco. Pursuant to be Merger Agreement, Merger Sub was merged with and into the Issuer (the "Merger"), with the Issuer being the surviving company of the Merger as a wholly-owned subsidiary of Holdco. Upon completion of the Merger, the Issuer became a privately-held company.

Footnote F2

Pursuant to the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each Class A ordinary share, par value US$0.0001 per share, of the Issuer (each, a "Class A Ordinary Share") issued and outstanding immediately prior to the Effective Time, was cancelled and ceased to exist in exchange for the right to receive US$0.4940 in cash per Class A Ordinary Share, without interest, and each American depositary share, each representing six Class A Ordinary Shares (each, an "ADS"), together with the Class A Ordinary Shares represented by such ADS, was canceled in exchange for the right to receive US$2.9641 in cash per ADS, without interest, in each case subject to the terms and conditions of the Merger Agreement. The Class A Ordinary Shares reported in this row were held in the form of ADSs. See Footnote (3).

Footnote F3

As previously reported on the Reporting Person's Form 3, the Reporting Person beneficially owned 1,210,750 Class A Ordinary Shares, held of record by Flawless Success Limited, which acts as a nominee for an employee trust holding shares for the benefit of grantees under the Issuer's share incentive plans. 363,225 of such Class A Ordinary Shares were subsequently deposited with The Bank of New York Mellon in exchange for ADSs, which are held by Flawless Success Limited. Such deposit effected only a change in the form of beneficial ownership without changing the Reporting Person's pecuniary interest. Accordingly, the amounts reported herein are stated in terms of the underlying Class A Ordinary Shares rather than ADSs.

Footnote F4

In connection with the Merger, Flawless Success Limited entered into a Support Agreement, dated as of May 12, 2026, pursuant to which, among other things, at the Effective Time, each of the Class A Ordinary Share reported in this row and beneficially owned by Mr. Xiong Xiegang was cancelled in exchange for one ordinary share newly issued by HoldCo.

Footnote F5

These Class A Ordinary Shares are held by Flawless Success Limited, which acts as a nominee for an employee trust holding shares for the benefit of grantees under the Issuer's share incentive plans.

Footnote F6

Each of these options of the Issuer represented a contingent right to purchase one Class A Ordinary Share. On January 29, 2024, Mr. Xiong Xiegang was granted 1,000,000 options. The options have all vested.

Footnote F7

Pursuant to the Merger Agreement, at the Effective Time, these options that was outstanding as of April 30, 2026 were fully vested and free of restrictions and were canceled and converted into the right to receive an aggregate amount in cash equal to US$34,200.

Footnote F8

Pursuant to the Merger Agreement, at the Effective Time, each of these options that was vested as of April 2026 was canceled and, in exchange therefor, Mr. Xiong Xiegang was issued a vested award comprised of other rights or property to the extent permitted by applicable laws, which shall be subject to terms and conditions substantially equivalent to those of such vested options, as reasonably determined by both HoldCo and the Issuer.

Footnote F9

Each of these restricted stock units of the Issuer ("RSU") represented a contingent right to receive one Class A Ordinary Share. On November 30, 2022, Mr. Xiong Xiegang was granted 1,000,000 RSUs. The RSUs have all vested.

Footnote F10

Pursuant to the Merger Agreement, at the Effective Time, each of these RSUs that was vested as of April 30, 2026 was canceled and converted into the right to receive an amount in cash equal to US$0.4940 per RSU, subject to the terms and conditions of the Merger Agreement.

Footnote F11

Pursuant to the Merger Agreement, at the Effective Time, each of these RSUs that was vested as of April 30, 2026 was canceled and, in exchange therefor, Mr. Xiong Xiegang was issued a vested award comprised of other rights or property to the extent permitted by applicable laws, which shall be subject to terms and conditions substantially equivalent to those of such vested RSUs, as reasonably determined by both HoldCo and the Issuer.