Zhao Jutao has recently disposed of 2,372 American depositary shares in Cloopen Group Holding Ltd, a move that follows the company’s merger agreement. This transaction is notable as it marks a significant transition for Cloopen, which is now a privately-held entity.

The merger agreement, dated May 12, 2026, involved Cloopen being merged with SpringX Holdings Limited and its subsidiaries. As a result of the merger, Cloopen ceased to be publicly traded, and the shares were exchanged for cash compensation.

Background

Zhao Jutao is associated with Cloopen Group Holding Ltd, which operates under the standard industrial classification of services-prepackaged software. The company, identified by the Central Index Key 0001804583, has undergone significant changes recently. Zhao's recent filings include a Form 3 on March 31, 2026, and another Form 3 on March 18, 2026, indicating ongoing ownership changes.

What the Filing Says

This Form 4 reports securities disposed of under the Agreement and Plan of Merger.

The filing details that Zhao Jutao disposed of 2,372 American depositary shares on October 28, 2026. Each share was cancelled in exchange for $2.9641 in cash, reflecting the terms of the merger agreement.

Impact

This transaction affects Zhao Jutao directly as he transitions from a public shareholder to a former shareholder of a now-private company. The shift may also impact the competitive landscape within the prepackaged software industry, as Cloopen adapts to its new status.

What's Next

The filing does not say what happens next.