Rui Zhang Amends LexinFintech Holdings Filing

TL;DR

Rui Zhang updated their LexinFintech stake filing. Watch for more details.

AI Summary

Rui Zhang, through KPartners Ltd., has amended their Schedule 13D filing for LexinFintech Holdings Ltd. on June 6, 2024. The filing indicates a change in beneficial ownership, though specific share counts or dollar amounts are not detailed in this excerpt. The amendment pertains to Class A Ordinary Shares of LexinFintech.

Why It Matters

This filing signals a potential shift in control or significant stake changes for LexinFintech Holdings Ltd., which could impact its stock price and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to 13D filings often indicate significant changes in beneficial ownership, which can lead to increased stock volatility.

Key Players & Entities

• Rui Zhang (person) — Filing party and beneficial owner
• KPartners Ltd (company) — Entity filing on behalf of Rui Zhang
• LexinFintech Holdings Ltd. (company) — Subject company
• Class A Ordinary Shares (security) — Securities subject to the filing

FAQ

Key Financial Figures

• $0.0001 — r) Class A Ordinary Shares, par value $0.0001 (Title of Class of Securities) 5288

Filing Documents

• tm2416730d1_sc13da.htm (SC 13D/A) — 37KB
• 0001104659-24-069265.txt ( ) — 39KB

Security and Issuer

Item 1. Security and Issuer. This Statement on Schedule 13D (this “ Amendment ”) constitutes Amendment No. 6 to the Schedule 13D (the “ Original Schedule 13D ”) filed with the U.S. Securities and Exchange Commission (“ SEC ”) on January 4, 2018, Amendment No. 1 to the Original Schedule 13D filed with the SEC on May 6, 2019 (the “ Amendment No. 1 ”), Amendment No. 2 to the Original Schedule 13D filed with the SEC on December 18, 2020 (the “ Amendment No. 2 ”), Amendment No. 3 to the Original Schedule 13D filed with the SEC on July 12, 2023 (the “ Amendment No. 3 ”), Amendment No. 4 to the Original Schedule 13D filed with the SEC on October 12, 2023 (the “ Amendment No. 4 ”) and Amendment No. 5 to the Original Schedule 13D filed with the SEC on April 22, 2024 (the “ Amendment No. 5 ,” together with the Original Schedule 13D, the Amendment No. 1, the Amendment No. 2, the Amendment No. 3 and the Amendment No. 4 as the “Original Filing”) by the Reporting Persons with respect to the Class A Ordinary Shares, par value $0.0001 per share (the “ Shares ”), of LexinFintech Holdings Ltd., a company organized under the laws of the Cayman Islands (the “ Company ”), whose principal executive offices are located at 27/F, CES Tower, No. 3099 Keyuan South Road, Nanshan District, Shenzhen 518057, the People’s Republic of China.

Identity and Background

Item 2. Identity and Background

of the Original Filing

Item 2 of the Original Filing is hereby supplemented by the following: (a)-(c), (f) This Schedule 13D is being jointly filed by (i) Rui Zhang, a Singapore citizen and (ii) KPartners Limited, a Cayman Islands company (collectively, the “ Reporting Persons ” and each, a “Reporting Persons”). Since May 14, 2019, Rui Zhang has been the controlling shareholder and a director of KPartners Limited. The principal business of the Reporting Persons is at Room C, 20/F, Lucky Plaza, 315-321, Lockhart Road, Wan Chai, Hong Kong. (d), (e) During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or a party to a civil proceeding of a judicial or administrative body of competent jurisdiction or as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Source and Amount of Funds or Other

Item 3. Source and Amount of Funds or Other Considerations.

of the Original Filing

Item 3 of the Original Filing is hereby supplemented by the following: K2 Partners II Limited, a Hong Kong company, solely engages in investment holding and is solely owned by K2 Partners II L.P., a Cayman Islands limited partnership, whose general partner is K2 Partners II GP, L.P., a Cayman Islands limited partnership. The general partner of K2 Partners II GP, L.P. is K2 Partners II GP, LLC, which is a Cayman Islands company and a majority-owned subsidiary of KPartners Limited. Evergreen Holdings II Limited is a British Virgin Islands company indirectly controlled by Rui Zhang. On June 6, 2024, K2 Partners II Limited disposed of an aggregate of 6,000,000 Shares as in-kind distribution to K2 Partners II L.P. On the same date, K2 Partners II L.P. distributed 25,026 Shares as in-kind distribution to K2 Partners II GP, L.P., 1,224,000 Shares to Evergreen Holdings II Limited, and 4,750,974 Shares to other entities which are unaffiliated with the Reporting Persons. Following such distributions, the aggregate number of Shares beneficially owned by the Reporting Persons is 21,245,840.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

(a) and (b) of

Item 5(a) and (b) of the Original Filing is hereby amended and restated as follows: (a), (b) Regarding aggregate beneficial ownership, see Row 9 of the cover page of each Reporting Person. Regarding percentage beneficial ownership, see Row 11 of the cover page of each Reporting Person. Regarding sole power to vote Shares, see Row 5 of the cover page of each Reporting Person. Regarding shared power to vote Shares, see Row 6 of the cover page of each Reporting Person. Regarding sole power to dispose of Shares, see Row 7 of the cover page of each Reporting Person. Regarding shared power to dispose of Shares, see Row 8 of the cover page of each Reporting Person. The percentage of shares identified is based on 328,825,787 ordinary shares (being the sum of 257,483,560 Class A Ordinary Shares and 71,342,227 Class B Ordinary Shares) of the Issuer outstanding as of February 29, 2024 as a single class, as reported on the Issuer’s Form 20-F filed with the Securities and Exchange Commission on April 29, 2024. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: June 7, 2024 Rui Zhang /s/ Rui Zhang KPartners Limited By: /s/ Rui Zhang Name: Rui Zhang Title: Director

View Full Filing

View this SC 13D/A filing on SEC EDGAR