Jun Liu - 30 Apr 2024 Form 4 Insider Report for ATIF Holdings Ltd (ZBAI)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
02 May 2024, 13:30:55 UTC
Prior SEC filing
20 Jan 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jun Liu

Key filing fact

Jun Liu filed Form 4 for ATIF Holdings Ltd (ZBAI) on 02 May 2024.

Key facts

  • This page summarizes Jun Liu's Form 4 filing for ATIF Holdings Ltd (ZBAI).
  • 1 reported transaction and 0 derivative rows are listed below.
  • Accepted by SEC: 02 May 2024, 13:30.

Change

  • Previous filing in this sequence was filed on 20 Jan 2023.
  • Current net transaction value: +$134,519,240,250.

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

Reported non-derivative transactions

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

ATIF transaction

Ordinary Shares

Award

Transaction value
$134,519,240,250
Shares
+384,478
Change %
+663%
Price
$349875.00*
Shares after
442,448
Date
30 Apr 2024
Ownership
Direct
Footnotes
F3, F4
ATIF holding

Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,440,860
Date
30 Apr 2024
Ownership
By Tianzhen Investments Limited
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents shares of the Issuer's ordinary shares directly held by Tianzhen Investments Limited ("Tianzhen"). Mr. Jun Liu is the sole director and shareholder of Tianzhen and may be deemed to beneficially own such ordinary shares.

Footnote F2

Mr. Jun Liu disclaims beneficial ownership of these shares, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of such reported shares by Mr. Liu for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or for any other purpose.

Footnote F3

As of the date of this report, Mr. Jun Liu directly holds 442,448 shares of the Issuer's ordinary shares. Tianzhen disclaims beneficial ownership of these shares, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of such reported shares by Tianzhen for purposes of Section 16 of the Exchange Act or for any other purpose.

Footnote F4

On April 29, 2024, ATIF Holdings Limited entered into a deferred salary conversion agreement ("Agreement") with Mr. Jun Liu, the president, chief executive officer and chairman of the board of directors of the ATIF Holdings Limited. Pursuant to the Agreement, ATIF Holdings Limited agreed to issue and Mr. Liu agreed to accept 384,478 ordinary shares ("Deferred Salary Debt Shares"), $0.001 par value, in lieu of an unpaid salary of $349,875 owed to Mr. Liu, at a per share price of $0.91, which was the Nasdaq consolidated closing bid price per share of the Company's ordinary shares on April 29, 2024.

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