For the month ended 31 October 2026, KE Holdings Inc. (BEKE‐W) reported a net reduction of 19.22 million shares across its dual-class structure, primarily driven by on-market share repurchases and subsequent cancellations.
Key takeaways
1. Issued share contraction • Class A ordinary shares fell by 18.47 million to 3.28 billion. • Class B ordinary shares declined by 0.75 million to 134.15 million, reflecting one-for-one conversions into Class A shares. • Combined issued share capital (Class A + Class B) decreased from 3.44 billion to 3.42 billion shares, a 0.6 % contraction during October.
2. Share repurchase activity • 10.43 million Class A shares (represented by ADSs) were repurchased on the New York Stock Exchange between 1–30 October and remain in treasury awaiting cancellation. • A total of 19.22 million previously repurchased Class A shares were cancelled on 20 October, comprising 4.92 million shares bought back in May–June and 14.31 million ADSs acquired in August–September.
3. Equity incentive movements • 471,120 Restricted Share Units (RSUs) were granted in October under the 2020 Share Incentive Plan; 1.15 million RSUs vested and 0.09 million lapsed. • Potential dilution: up to 75.47 million Class A shares may still be issued from outstanding RSUs, while 120.48 million shares remain reserved for future grants under the 2020 plan. • The 2018 Share Option Plan closed October with 6.32 million outstanding options; no options were exercised during the month, and no cash proceeds were raised.
4. Capital structure overview (31 October 2026) • Authorised share capital totals USD 500,000, comprising 24.11 billion Class A and 0.89 billion Class B shares, each with a par value of USD 0.00002. • Issued shares: 3.28 billion Class A and 134.15 million Class B, all without treasury holdings post-repurchase cancellations.
5. Public float intact KE Holdings confirmed compliance with the Hong Kong Stock Exchange’s minimum 25 % public float requirement for its listed Class A shares as at 31 October 2026.
The company’s latest filing underscores its active capital management via share buybacks and continued use of equity-based incentives, alongside maintaining regulatory float thresholds.