10% Owner Oasis Management exits entire 98.91M share stake in 17 sales for $113.8M (blended $1.15/share)
Oasis Management Co Ltd., a 10% owner of Moatable, Inc., executed a complete liquidation of its entire 98.91M share position across 17 separate sales from May through December 2024, realizing $113,826,122.34 total proceeds at a blended average price of $1.15 per share. The selling pattern spans multiple months with initial sales in mid-May at $0.80 per share, a four-month gap, then a large block of sales in late September through early October at $0.80 per share, culminating in a final bulk sale of 93,358,710 shares at $1.17 on 2024-12-09. This complete exit of a major shareholder stake eliminates the strategic investor's long-term involvement with the company and represents a fundamental shift in the ownership structure. The sequence and magnitude of this liquidation warrants scrutiny regarding the filer's underlying rationale, particularly given the timing spread across multiple price points and the eventual concentration of the largest sale in December when the stock had moved higher.