CEO Qin Zhen Gifts 20.1% Stake to Foundation He and CFO Control
LHAI sits 60% above its 52-week low of $0.53 on light trading volume (0.3× avg).
Summary
Linkhome's CEO transferred his entire 20.143% stake to a nonprofit foundation he and the CFO control, which says it may sell the shares at any time. No cash changed hands, but a fifth of the company is now a potential seller.
Key Events · Ownership and Investor Activity · LHAI
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CEO Gifts 20.1% Stake to Foundation
On September 24, 2026, Qin Zhen transferred 3,820,000 shares — 20.143% of the 18,964,500 shares outstanding — to US Innovation Foundation as a charitable contribution for no consideration.
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Foundation Free to Sell the Block
The filing states the Foundation may dispose of some or all of the shares depending on market conditions and its liquidity needs; timing, amount and method are undetermined. No shares have been sold under this filing.
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Control Unchanged, Direct Ownership Zero
Qin Zhen and Li Na jointly control the Foundation and share voting and dispositive power over the 3,820,000 shares; Qin Zhen no longer holds any shares directly.
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Follows $1M of Insider Sales
Qin Zhen sold 1,250,000 shares at $0.80 in two private transfers on July 31 and August 5, 2026, previously disclosed in the August 7 Form 4.
Analysis · LHAI · Real Estate & Construction
Qin Zhen moved 3,820,000 shares — 20.143% of the company — into US Innovation Foundation, a nonprofit he and CFO Li Na jointly control, leaving him with no direct holdings. Control of the block is unchanged, but the filing states the Foundation may sell some or all of the shares at any time, with no timing or amount decided. That is a live overhang on a $0.85 stock that only regained Nasdaq compliance on 2026-09-21, and it follows his $1 million of sales at $0.80 in July and August. The gift itself generated no cash and no new shares; the risk is the potential future disposition of a fifth of the company.
How filings like this one have moved
In the 30 days to Oct 31, 2026, 31.7% of the 1731 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LHAI was trading at $0.85 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $14.1M. The 52-week trading range was $0.53 to $15.66. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.