Senmiao Technology Ltd — Director's Dealing 2018

Aug 7, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Senmiao Technology Ltd (AIHS)
CIK: 0001711012
Period of Report: 2018-08-03

Reporting Person: Hu Xiang (Director, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-03	Restricted Stock Units	$	A	5000	Acquired		Common Stock (5000)	Direct

Footnotes

F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock at settlement subject to the terms and conditions set forth in the award of such RSUs by Senmiao Technology Limited (the "Company") to the Reporting Person pursuant to a Restricted Stock Unit Award Agreement (the "Agreement").

F2: The RSUs vest in four equal quarterly installments on August 3, 2018, April 1, 2019, July 1, 2019 and October 1, 2019 or in full upon the occurrence of a change in control of the Company, subject to the terms and conditions set forth in the Agreement, provided that the Reporting Person remains in service as a director through the applicable vesting date. RSUs shall be settled by the Company's issuance of a share of common stock in certificated or uncertificated form upon the earlier of a (i) change in control and (ii) the Reporting Person's cessation as a director of the Company due to a "separation of service" within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, or the Reporting Person's death or disability.